The Tata Tech IPO Was Completely Subscribed Within Minutes of Its Subscription Launch

According to NSE statistics as of 11:21 a.m., the Rs 3,042.5 crore IPO got bids for 8,73,22,890 shares against 4,50,29,207 shares on sale, equating into 1.94 times subscription.

Tata Technologies’ Initial Public Offering (IPO), which provides engineering and product development digital services.

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Non-institutional investors were subscribed to 2.72 times, while Qualified Institutional Buyers (QIBs) were subscribed to 1.98 times

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The retail individual investor (RII) part was subscribed to 1.63 times.

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Tata Technologies, a subsidiary of Tata Motors, said on Tuesday that it had received Rs 791 crore from anchor investors.

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The public offering, which has a price range of Rs 475-500 per share, will end on November 24.

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