Tata Technologies IPO to open in Top News on November 22: Flair Writing IPO, Fedbank Financial Services IPO to open, Stock market, Nifty outlook, Mamaearth owner Honasa Consumer Q2 Results in focus.
Tata Tech is selling 60,850,278 equity shares, completely through an offer-for-sale component to raise Rs 3,042.51 crore in the fixed price band of Rs 475-500 apiece and lot size of 30 equity shares.
Tata Tech IPO is entirely an offer for sale (OFS) of 6.08 crore shares, under which, Tata Motors, Alpha TC Holdings and Tata Capital Growth Fund will offload their stakes. The IPO is priced in the range of Rs 475-500, where investors can bid for a minimum of 30 shares in one lot
The first public issue from the Tata Group in the last 20 years opens for subscription on November 22 and the final day for bidding will be November 24. Tata Consultancy Services IPO in 2004 was the last such offer from the group