IPO : Tata Technologies Limited
Tata Technologies Limited IPO
| SYMBOL | TATE |
| ISSUE TYPE | Book Built Issue IPO |
| ISSUE OPENS ON | Wednesday, November 22, 2023 |
| ISSUE CLOSES ON | Friday, November 24, 2023 |
| ISSUE PRICE | ₹475 to ₹500 per share |
| ISSUE SIZE | up to ₹3042.51 Cr |
| FACE VALUE | ₹2 per share |
Tata Technologies IPO is a book built issue of Rs 3,042.51 crores. The issue is entirely an offer for sale of 6.09 crore shares.
Thank you for reading this post, don't forget to subscribe!Tata Technologies IPO opens for subscription on November 22, 2023 and closes on November 24, 2023. The allotment for the Tata Technologies IPO is expected to be finalized on Thursday, November 30, 2023. Tata Technologies IPO will list on BSE, NSE with tentative listing date fixed as Tuesday, December 5, 2023.
Tata Technologies IPO price band is set at ₹475 to ₹500 per share. The minimum lot size for an application is 30 Shares. The minimum amount of investment required by retail investors is ₹15,000. The minimum lot size investment for sNII is 14 lots (420 shares), amounting to ₹210,000, and for bNII, it is 67 lots (2,010 shares), amounting to ₹1,005,000.
| MINIMUM BID | 30 shares |
| MINIMUM AMOUNT | Rs.15000 |
| MAXIMUM BID | 390 shares |
| MAXIMUM AMOUNT | Rs.1,95,000 |
| PROMOTER HOLDING | 55.39% (Post-issue) |
| LISTING DATE | Tuesday, December 5, 2023 |
| LISTING AT | BSE, NSE |
Tata Technologies Limited’s revenue increased by 25.81% and profit after tax (PAT) rose by 42.8% between the financial year ending with March 31, 2023 and March 31, 2022.
Objects of the Issue (Tata Technologies IPO Objectives)
The objects of the Offer are:
- Achieve the benefits of listing the Equity Shares on the Stock Exchanges;
- Carry out the Offer for Sale of up to 95,708,984 Equity Shares by the Selling Shareholders.
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