The Tata Technologies IPO was released on November 22, 2023 and closing on November 24, 2023. The allotment date for the IPO was on November 28, 2023 and the company was officially listed on BSE and NSE 2 days later, on November 30, 2023.
Updated on July 8, 2024 21:13 IST
source: tatatechnologies.com
Tata Technologies IPO
The total issue price of the IPO was Rs 3,042.51 crore which consisted of 6,08,50,278 equity shares. The stock was listed at Rs 1,200 on November 30 and the closing price of the day was Rs 1314 per share.
The IPO Grey Market Premium (GMP) of the technology company was Rs 402 at the time of its release.
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Tata Technologies IPO subscription details
| Investor Type | Subscription times | Shares Offered | Shares Bid for |
| Qualified Institution Buyers (QIB) | 203.41 | 1,05,47,382 | 2,14,53,93,930 |
| Non-Institutional Investors (NII) | 62.11 | 79,10,537 | 49,13,23,830 |
| bNII (above 10L Rs) | 70.67 | 52,73,691 | 37,27,14,120 |
| sNII (below 10L Rs) | 44.98 | 26,36,846 | 11,86,09,710 |
| Retail Investors | 16.50 | 1,84,57,919 | 30,46,16,550 |
| Employees | 3.70 | 20,28,342 | 75,02,010 |
| others | 29.20 | 60,85,027 | 17,76,55,920 |
| TOTAL | 69.43 | 4,50,29,207 | 3,12,64,92,240 |
The Minimum Lot Size
| Retail Investor | sNII (small non- institutional investor) | bNII (big non- institutional investor) | |
| Minimum lot size (30 share) | 1 | 14 | 67 |
| Minimum amount (Rs) | 15,000 | 2,10,000 | 10,05,000 |
Tata Technologies IPO Shares Offered
| Type of Investor | Size (%) | Amount (Rs crore) | Shares Offers |
| Anchor Investor | 26% | 15,821,071 | 791.05 |
| QIB | 17.33% | 10,547,382 | 527.37 |
| NII | 13% | 7,910,537 | 395.53 |
| Retail | 30.33% | 18,457,919 | 922.90 |
| Employee | 3.33% | 2,028,342 | 101.42 |
| Others | 10% | 6,085,027 | 304.25 |
| Total | 100% | 60,850,278 | 3,042.51 |
