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Tata Tech IPO fully subscribed in less than an hour of opening

Tata Tech IPO fully subscribed in less than an hour of opening
  • By Goodwill
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  • November 22, 2023

Tata Tech IPO fully subscribed in less than an hour of opening

Tata Tech IPO fully subscribed in less than an hour of opening

Tata Tech IPO fully subscribed in less than an hour of opening; retail section gets full subscription Tata Technologies IPO date of subscription is scheduled on Wednesday, November 22, and closes on Friday, November 24. The much-anticipated Tata Technologies IPO saw fantastic response within the first hour of bidding, as predicted by the Street and analysts. Within the first hour of the Tata Tech IPO, almost all portions were booked, with non-institutional investors (NIIS), and qualified institutional buyers (QIBs) leading the way, followed by retail investors. The NII portion was subscribed to 80% within the first 30 minutes of opening, and 48% of the retail portion was booked. Later on, the QIB portion sped up and was fully booked.  Tata Tech IPO subscription status is 1.29 times at 10:48 IST. Tata Technologies IPO’s retail investors portion has been subscribed 1.02 times, NII portion is subscribed 1:45 times, and QIB portion is booked is booked 1.98 times. Employee portion has been subscribed 14%. Tata Technologies IPO, which has opened for subscription today (Wednesday, November 22) will close on Friday, November 24. Tata Technologies IPO price band has been fixed in the range of ₹475 to ₹500 per equity share of face value of ₹2. Tata Technologies IPO : After a gap of nearly two decades, Tata Group is coming with its initial offer today. The initial public offering of Tata Technologies Limited has hit the Indian primary market today and the book build issue will remain open for bidding till 24th November 2023. The Tata Group company has fixed the Tata Technologies IPO price band at ₹475 to ₹500 per equity share. The public issue worth ₹3,042.51 crore is proposed for listing on BSE and NSE. The public issue is 100 per cent.

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Fedbank Financial Services IPO: One must-know- points

Fedbank Financial Services focuses on MSMEs and emerging self-employed individuals, targeting the largely unaddressed lending segments in India. Fedbank Financial Services primarily adopts a collateralized lending model, focusing on the retail finance segment, particularly targeting ESEI consumers and the emerging MSME sector The initial public offering (IPO) of Fedbank Financial Services will open for subscription today and remain open until November 24. The company aims to raise ₹600.77 crore via the issuance of fresh equity shares, whereas existing shareholders and promoters will offload 35,161,723 shares, aggregating to ₹492.26 crore. The total size of the IPO was ₹1,092.26 crore. The price band for the offer has been fixed at ₹133–140 per equity share with a face value of ₹10 each. The quota for retail investors in the Fedbank Financial Services IPO has been fixed at 35% of the net offer. The QIB quota is fixed at 50%, while the quota for NII is reserved at 15%.

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