Stellar Debut! Tata Technologies Lists at a 140% Premium Over the Issue Price This was Tata Group's initial public offering in close to 20 years, with last being that of Tata Consultancy Services in 2004. The company aimed to raise INR 3,042.51 crore with its IPO

By Paromita Gupta

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Tata Technologies

As the year comes to an end, Tata Technologies get the best listing at the dalal street. It debuted on the BSE and National Stock Exchange at a premium of 140 per cent over the issue price of INR 500.

It opened its initial public offering from November 22 to November 24. The subscription was opened with a price band of INR 475 to 500 per Equity Share.

Tata Tech debuted at INR 1200 at NSE and at INR 1199 at BSE. At the time of publishing the article, the shares were being traded at INR 1,320 and INR 1326.25, respectively.

This was Tata Group's initial public offering in close to 20 years, with last being that of Tata Consultancy Services in 2004. The company aimed to raise INR 3,042.51 crore with its IPO.

The equity shares of the drone maker were issued at a face value of INR 2 with offer for sale (OFS) of 60,850,278 shares. The sale will see Tata Motors Limited, Alpha TC Holdings Pte. Ltd. and Tata Capital Growth Fund I offer its shares.

The m-cap of Tata Tech stood at INR 53,314.99 crore at BSE and at INR 53,56,852.94 lakh.

Experts have suggested to hold on to the shares in a long run. The shares peaked at INR 1400 for the day.

Citigroup Global Markets India Private Limited, BofA Securities India Limited and JM Financial were the book-running lead managers for the IPO.

Paromita Gupta

Features Writer with Entrepreneur India

Covering news and trends in AI and Metaverse segments. An avid book reader running her personal blog on the side. You may reach me at paromita@entrepreneurindia.com. 

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Related Topics

Leadership

Mastering the Skill of Convincing Stakeholders to Approve and Execute Ideas

There's a big difference between approval-seeking and being your own biggest advocate.

Growing a Business

3 Business Basics to Remember in 2024

Here are three fundamental tips that will help every SMB this year.

Business News

TikTok's CEO Is an Honorary Chair at the 2024 Met Gala

Conde Nast's Chief Content Offer, Anna Wintour, made the announcement Thursday.

Business News

Richard Branson Signs Open Letter Calling to 'Make AI a Force for Good'

The letter was published by The Elders and the Future of Life Institute on Thursday and signed by actress Cate Blanchett and Jaan Tallinn (co-founder of Skype).

Starting a Business

For Years, This Black Founder Learned an Uncommon But Essential Craft on the Side. Now His Creations Are Beloved By Celebrity Chefs — and Can Sell for More Than $1,000.

A chance encounter with a legendary knifemaker would lead Quintin Middleton, owner of Middleton Made Knives, to follow his long-time passion into business.

Money & Finance

5 Proven Ways to Maximize Your Profitability as a First-Time Author

Unlock the secrets to turning your debut book into a profitable venture with proven marketing tactics.