The Tata Technologies IPO is a book-built offering for Rs 3,042.51 crores. The offering consists wholly of 6.09 crore shares for sale.
The Tata Technologies IPO goes on sale on November 22, 2023, and concludes on November 24, 2023. The Tata Technologies IPO allotment is expected to be completed on Thursday, November 30, 2023. Tata Technologies’ first public offering (IPO) will be listed on the BSE and NSE on Tuesday, December 5, 2023.
The price range for Tata Technologies’ IPO is $475 to $500 per share. An application requires a minimum lot size of 30 Shares. Retail investors must make a minimum investment of $15,000. The minimum lot size investment for sNII is 14 lots (420 shares), which equals 210,000, and 67 lots (2,010 shares), which equals 1,005,000.
Tata Technologies IPO Details
| IPO Date | November 22, 2023 to November 24, 2023 |
| Listing Date | [.] |
| Face Value | Rs 2 per share |
| Price Band | Rs 475 to Rs 500 per share |
| Lot Size | 30 Shares |
| Total Issue Size | 60,850,278 shares (aggregating up to Rs 3,042.51 Cr) |
| Offer for Sale | 60,850,278 shares of Rs 2 (aggregating up to Rs 3,042.51 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 405,668,530 |
| Share holding post issue | 405,668,530 |
Tata Technologies IPO Timeline
| IPO Open Date | Wednesday, November 22, 2023 |
| IPO Close Date | Friday, November 24, 2023 |
| Basis of Allotment | Thursday, November 30, 2023 |
| Initiation of Refunds | Friday, December 1, 2023 |
| Credit of Shares to Demat | Monday, December 4, 2023 |
| Listing Date | Tuesday, December 5, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 24, 2023 |
Tata Technologies IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 30 | Rs 15,000 |
| Retail (Max) | 13 | 390 | Rs 195,000 |
| S-HNI (Min) | 14 | 420 | Rs 210,000 |
| S-HNI (Max) | 66 | 1,980 | Rs 990,000 |
| B-HNI (Min) | 67 | 2,010 | Rs 1,005,000 |
