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Tata Technologies IPO: Everything You Need to Know


Finance & Banking  •  8 Dec, 2023  •  86,186 Views  •  ⭐ 5.0

Written by Anand Swami


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Tata Technologies, a significant entity in the Tata Group, made a historic entry into the Indian stock market with its IPO. This event not only marked the first IPO from the Tata Group in over 19 years but also set a benchmark with its remarkable debut. This article delves into the crucial details of the Tata Technologies IPO, providing comprehensive insights into its impact, investor interest, and prospects.

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Tata Technologies IPO Overview

Tata Technologies
Image Credits: Moneycontrol

The Tata Technologies IPO, a landmark event in the Indian stock market, emerged after a long 19-year wait for an IPO from the Tata Group. Priced at Rs 500 per share, the stock opened at an impressive Rs 1,200 on the National Stock Exchange, soaring by 140% above the issue price and touching a peak of Rs 1,400.

Despite market fluctuations, it consistently traded above Rs 1,300, showcasing robust investor confidence. The IPO's stellar debut, despite challenging broader market conditions, highlights its strong foundation and potential for growth.

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Tata Technologies IPO Date and Remarkable Debut

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The Tata Technologies IPO date was a significant milestone, marking its debut on November 30. The stock opened at Rs 1,200 on the NSE, a substantial 140% increase from its issue price, and reached a high of Rs 1,400. Closing at Rs 1,313, the IPO registered a 162.60% gain, defying negative market news and a prior 10% dip in the grey market premium (GMP). This exceptional debut demonstrates the market's deep trust in Tata Technologies' solid fundamentals and potential for future growth, even as an entirely offer-for-sale issue.

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