Today, after almost 20 years, the IPO of Tata Company has opened. There is a different enthusiasm among investors regarding this IPO of Tata. 5 IPOs including Tata were launched today on Wednesday. You can subscribe to these IPOs from today. These include the IPO of Tata Technology, Flair Writing, Gandhar Oil Refinery, Feedback Financial Services and Rocking Deals Circular. Shares of most of these companies are trading at handsome premium in the gray market.
At the same time, you will be able to bid for the IPO of Tata Technologies between Wednesday, November 22, 2023, and November 24, 2023. The company is trying to collect Rs 3,042.51 crore from the market through IPO. Let us know about them in detail…
Also read: You know Ratan Tata, meet his brother Jimmy Tata
This much amount raised from anchor investors
Tata Tech’s IPO anchor was opened for investors on November 21, 2023. The company has raised a total amount of Rs 791 crore through 67 anchor investors. The company has sold shares to anchor investors at Rs 500 per share. A total of 1,58,21,071 equity shares have been sold to these 67 anchor investors.
Tata Tech IPO details
Tata Tech’s IPO is being launched entirely through offer for sale. Tata Motors, Tata Capital Growth Fund-1 and Alpha TC Holding are selling their stake in this IPO. The company has reserved 50 percent for qualified institutional buyers, 15 percent for non-institutional buyers and 35 percent for retail investors. The company has reserved 6,085,027 equity shares for its shareholders and 2,028,342 equity shares for its employees.
What is the price band – when will the listing happen?
In Tata Tech’s IPO, the price band of shares was seen trading at Rs 355. With this, retail investors can buy at least 30 shares at a time. In this case, you will have to invest at least Rs 15,000. Talking about the allotment date of the company’s shares, it has been fixed as November 27, 2023. The listing of shares will take place on BSE and NSE on November 29, 2023.
