Tata Technologies' initial public offering (IPO) ended its subscription period on Friday with a massive oversubscription of 69.43 times.
Institutional investors led the way by subscribing 203.41 times, non-institutional investors 62.11 times, retail investors 16.50 times
Employee reserve 3.70 times and reservation portion shareholders 29.19 times.
Tata Technologies IPO Timeline (Tentative Schedule)
IPO opening date: Wednesday, November 22
IPO closing date: Friday, November 24
Basis of allotment: Tuesday, 28 November
Refunds start: Wednesday, November 29
Credit of shares in demat: Wednesday, November 29
Listing Date: Thursday, November 30
Technologies IPO Release Details Total
Issue size: Rs 3,042.51 crore
Face value: Rs 2 per share
Size of sale offer: Shares worth Rs 3,042.51 crore
Sale Offer: 60,850,278 shares
Price Range: Rs 475 to Rs 500 per share
Lot Size: 30 shares