Tata Technologies IPO Last Day: Issue Subscribed Over 18x; Retail Portion Booked 12.79x - News18
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Tata Technologies IPO Subscription Last Day: The Tata Technologies IPO turned out to be a strong success for the Tata Group as the Rs 3,042.51-crore offer saw 16.22 times subscription with bids coming in for 73 crore equity shares against an issue size of 4.5 crore on November 24, the final day of subscription. The Rs 3,042.51 crore public offer is entirely an offer-for-sale of 6.08 crore shares, which is 15 per cent of the paid-up capital. Tata Technologies IPO hit the Indian primary market on 22, November 2023. The IPO subscription will remain open till 24, November 2023 i.e. till Friday this week. Tata Technologies IPO: Subscription Status On Day 3, of the last day of bidding, qualified institutional buyers and high net-worth individuals (non-institutional investors), who have 50 percent and 15 percent reservation in the net issue, bought 8.62 times and 35 times their allotted portions. Even retail investors, Tata Technologies employees and Tata Motors shareholders also ...