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News Details

30/11/2023 10:00

Tata Technologies Ltd. debuts with 139.99% premium at Rs 1,199.95

Tata Technologies Ltd. makes a strong debut on the bourses with scrip got listed at Rs 1,199.95 on the Bombay Stock Exchange, a 139.99 per cent premium to its issue price of Rs 500.00. On the National Stock Exchange, the stock was listed at Rs 1,200.00.

The company, which raised 6.09 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 608.50 lakhs shares.

The company, listed under B Group Securities post its IPO, opened for subscription from Nov 22 to Nov 24.

Following a strong opening, the scrip touched an intraday high of Rs [BSEHighPrice] and a low of Rs [NSEHighPrice], before closing the session [UpDown] by [ChangePer] per cent to its listing price at Rs [ClosingPriceBSE] on the BSE.

The company anticipates using the proceeds of the issue for .

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

Meanwhile, the broader benchmark BSE Sensex closed trade at 66,901.91, up 727.71 points, or 1.09 per cent.