Tata Technologies offer price finalised at Rs 500 per share
时间:2024-06-26 15:37:26 阅读(143)
Tata Motors on Saturday said its arm Tata Technologies has finalised the offer price, including the anchor investor offer price, at Rs 500 per equity share for its Initial Public Offering (IPO).
The Rs 3,042.5 crore IPO of Tata Technologies, which provides engineering and product development digital services, was subscribed 69.43 times on the final day of subscription on Friday, driven by remarkable participation from institutional buyers.
The public issue had a price band of Rs 475-500 per share.
Accordingly, the size of the IPO aggregates to Rs 3,042,51 crore comprising an offer for sale of 4.63 crore equity shares by Tata Motors amounting to Rs 2,313.75 crore, 97.17 lakh equity shares by Alpha TC Holdings Pte Ltd amounting to Rs 485.84 crore and 48.58 lakh equity shares by Tata Capital Growth Fund I, amounting to Rs 242.92 crore, subject to finalisation of basis of allotment, the filing added.
The initial share sale of Tata Technologies received bids for 3,12,64,91,040 shares against 4,50,29,207 shares on offer, as per NSE data.
Tata Technologies is the first company from the Tata Group to float an IPO in nearly two decades. Tata Consultancy Services was the last IPO from the group in 2004.
猜你喜欢
- Govt to list renewable energy financing firm
- ITC, ICICI Lombard, Glenmark Pharma, Tata Metaliks, Delta Corp, RVNL, IndusInd Bank stocks in focus
- Gold prices continue to fall amidst mixed global cues; traders eye US PPI, retail sales data
- Startup CEOs earn more than those of all BSE-listed firms put together- IiAS
- Is Meta boss Mark Zuckerberg constructing ‘doomsday bunker’- Here’s what latest buzz says
- Gold Price Today, 26 Sep 2022- Gold falls to over 2-yr low on strength in US Dollar; check support, resistance
- Stocks To Watch- Adani Ports, Paytm, GCPL, HDFC Bank, Inox Wind, Torrent Pharma, Coal India, Ramco Cements
- Gold Price Today, 19 Aug- Gold prices fall on rate hike fears, may trade neutral to bearish; support at 51300
- Spread your NPS corpus across fund managers; Opt for multiple funds for higher returns