
An early Christmas for Tata Tech shareholders; stock lists at 140% premium at ₹1,200
Post listing, Tata Technologies shares gained 180% over the IPO price to ₹1,400 apiece, while the market capitalisation surged to ₹56,555 crore.
Post listing, Tata Technologies shares gained 180% over the IPO price to ₹1,400 apiece, while the market capitalisation surged to ₹56,555 crore.
Tata Motors stock surged 62.09% in the past year, and 80.38% in the year-to-date period
Tata Tech IPO was subscribed 1.93 times by 11:27 am; the quota for retail investors, NIIs and QIBs were booked 1.68 times, 2.78 times and 1.98 times, respectively.
Tata Technologies to allocate 1.58 crore shares to 67 anchor investors at ₹500 apiece, which saw participation from 17 domestic mutual funds.
The stock has risen 160% in the last eight months to hit a new 52-week high of ₹4,521.90 intraday, rebounding from its 52-week low of ₹1,735 touched on March 31, 2023.
Shares of Tata Motors hit an all-time high of ₹685.50 on Thursday
Company reserves up to 10% of the offer for Tata Motors shareholders; price band to be decided soon
Tata Motors share price has surged 60% in the calendar year 2023, on the back of recent rise in sales volume and turnaround in JLR numbers.