Tata Technologies IPO subscription: It was subscribed 69.43 times as of the final day of subscription on November 24, driven by high participation from institutional buyers
Third party reports and comments can affect markets and shake investor confidence
Tata Tech IPO: The shares of Tata Technologies will likely be listed on the bourses (BSE & NSE) on November 30
The Chinese retail giant, now headquartered in Singapore, is estimated to be valued over $60 billion
IPO garnered bids worth Rs 1.56 trillion
This is the first company from the Tata Group to float an initial public offer (IPO) in nearly two decades. Tata Consultancy Services was the last IPO from the group in 2004
Most listings see oversubscription on Day One
The Rs 3,042.5 crore IPO received bid for 8,73,22,890 shares against 4,50,29,207 shares on offer, translating into 1.94 times subscription as per NSE data till 11:21 hrs
The Tata Technologies IPO will be open for bidding from November 22, and will conclude November 24
The Tata Technologies Ltd IPO includes a reserved 10 per cent quota for Tata Motors shareholders
The maiden public issue will open for subscription on November 22 and conclude on November 24 and the anchor book of the offer will be opened for a day on November 21, they added
Apart from its anchor clients Tata Motors and Jaguar Land Rover, the company served other global biggies such as Airbus, Ford, McLaren, Honda, and Cooper Standard
Those were the days of the Harshad Mehta scam. IPOs were oversubscribed by a large margin and getting allotment was like winning a lottery
The maiden public issue will open for public subscription on November 22 and conclude on November 24. The anchor book of the offer will be opened for a day on November 21
According to reports, the price is about about 47 per cent lower than its price in the unlisted market where the stock currently trades at Rs 950 per share
Busiest week for IPOs this year; Tata Tech to be largest offering of the lot
Selling shareholders include Tata Motors, Alpha TC Holdings and Tata Capital Growth Fund
Investment giant hopes to rake in handsome returns
Market players say the record number of SME IPOs this year has been fuelled by retail euphoria underpinned by encouraging post-listing performance
Many on the Street had raised concerns over Honasa's valuation and profitability track record