Investors oversubscribed the IPO by 69.43 times, the most among a string of IPOs last week, fetching bids for the company worth Rs 1.56 trillion. Tata Technologies was among the top 10 most active stocks on Thursday, with 23.98 million shares traded by 10:08 a.m. IST.
"The company s global presence and expertise in engineering solutions have positioned it as a preferred partner for multinational corporations across diverse industries. Its diversified customer portfolio, robust delivery network, and emphasis on innovation further solidify its competitive advantage," Shivani Nyati of Swastika Investmart said.
Last heard, shares of Tata Technologies were commanding a premium of Rs 425 per share in the grey market, suggesting a listing pop of 85 per cent for the investors.