Tata Tech makes blockbuster stock market debut, shares list with huge premium of 140 %
1 year ago

Tata Tech makes blockbuster stock market debut, shares list with huge premium of 140 %

India TV News  

New Delhi: Shares of Tata Technologies, a subsidiary of Tata Motors, made a stellar stock market debut on Thursday. IPO received 69.43 times subscription The price range for the Tata Technology IPO was set at Rs 475-500 per share, making it a Rs 3,042.52 crore IPO. First IPO after 19 years Tata Technology's IPO marked the first public offering by a Tata group company in nearly two decades. In the half-year ending September 2023, Tata Technology reported a 35% year-on-year increase in total income to Rs 2,587 crore, while net profit rose by 36% to Rs 352 crore during the same period.

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