Tata Technologies IPO becomes the new buzzword of Street, investors

IPO garnered bids worth Rs 1.56 trillion

Ashalata Maheshwari, a septuagenarian and a shareholder in over 1,000 companies, wants shares of Tata Technologies (in its recent initial public offering, or IPO). Her reasoning is simple, “It’s a Tata company. No shareholder will let go of this opportunity,” she told Business Standard.

When asked if the other reason for lining up for the IPO is the technology sector and the fact that the combination of Tata and tech is happening after almost two decades, she replied: “The name of the company and the group matter. Tata means stability and credibility,” she added.

Anant Shekhar (name changed), 80, who lives in