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Tata Technologies IPO: Bumper stock market debut; shares surge 180 per cent
Updated On: 30 November, 2023 11:10 AM IST | Mumbai | mid-day online correspondent
Tata Technologies, an arm of Tata Motors, has stormed into the stock market with an astonishing 140 per cent premium over its issue price of Rs 500
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Tata Technologies, an arm of Tata Motors, has stormed into the stock market with an astonishing 140 per cent premium over its issue price of Rs 500. The company, known for its cutting-edge engineering and digital services, witnessed a jaw-dropping debut on the Bombay Stock Exchange (B)SE, listing at Rs 1,199.95 and skyrocketing to Rs 1,400, marking an astounding 180 per cent surge.
It signifies Tata Group`s return to the (Tata Technologies) IPO arena after nearly two decades, making Tata Technologies the first from the conglomerate to take this bold step since Tata Consultancy Services did so in 2004. The Rs 3,042.5 crore IPO, which was subscribed 69.43 times, has sent shockwaves through the market, and investors are now scrambling to understand the secrets behind this unparalleled success.
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