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News Details

16/11/2023 10:42

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Tata Technologies announces launch of initial public offering

Tata Technologies Ltd. has announced public offering of 60850278 shares at a price of Rs 2.00 each for Cash at a Premium of Rs 498.00 per share. The gross proceeds of the issue are expected to be Rs 3,04,251.39 lakhs.

The company's initial public offer (IPO) will open on 22 November 2023 and is expected to close on 24 November 2023, subject to customary closing conditions. The price band of the issue has been fixed at Rs 475.00-500.00 per share.

The IPO includes a fresh Issue of 60850278 Equity Shares of the Company at an price of Rs 500.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 30 shares with bids in multiples of 30.

Tata Technologies Ltd. anticipates using the proceeds of the issue for .

Citigroup Global Markets India Pvt.Ltd.,JM Financial Ltd.,BofA Securities India Limited as lead manager(s) & Link intime India Pvt Ltd. is the registrar, to the issue.