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Tata Tеch's Rеmarkablе Boursе Dеbut: Share Skyrocket by 140% Ovеr IPO Price - The Digital Today

Source: https://thedigitaltoday.com/tata-t%d0%b5chs-r%d0%b5markabl%d0%b5-bours%d0%b5...

Tata Technologies has marked its presence on the stock market with a resounding bang, listing at a staggering 140% premium over its IPO price. The stock, which hit the National Stock Exchange (NSE) at Rs 1,200 and the Bombay Stock Exchange (BSE) at Rs 1,199.95, witnessed a remarkable surge from its issue price of Rs 500.

The Tata Tech IPO, exclusively an offer-for-sale (OFS) of 6.08 crore shares, saw the promoter Tata Motors and investors Alpha TC Holdings and Tata Capital Growth Fund 1 divesting their stakes. The robust demand for the shares was evident in the pricing, with the issue size totaling Rs 3,042.52 crore and the price band set between Rs 475-500 per share.

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