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India s Tata Technologies 30.43 billion rupee initial public offering remained the most oversubscribed domestic IPO this week, signalling robust demand for the Tata group s first. ....
Data available from the stock exchanges showed that the portion reserved for retail shareholders was subscribed 5.44 times, for qualified institutional buyers (QIBs) 4.08 times, and 11.69 times for NIIs ....
India's Tata Technologies' 30.43 billion-rupee ($366 million) initial public offering was oversubscribed on Wednesday, more than the other four IPOs this week, signaling strong demand for the Tata Group's first public float in nearly two decades. ....
The flood of IPOs in this short period is unlikely to hurt liquidity in the main markets, said bankers. "The money from one issue may not be available for the other; but except for that, the broader market may not see any effect," said Satyen Shah, president, Nuvama Investment Banking and Fixed Income. ....