Tata Technologies IPO: Tata Group's new IPO is going to open tomorrow, all the details from price band to lot size

The series of IPOs is still going on in the stock market. If you also invest in the stock market, then let us tell you that on 22 November 2023 i.e. tomorrow, the IPO of Tata Group company Tata Technologies is going to open. If you also invest in the stock market, then you should know in detail about the IPO of Tata Technologies.

Tata Technologies IPO will open on 22 November 2023 and close on 24 November 2023. The company is planning to raise Rs 3,042 crore through this IPO. The price band of the company's IPO has been fixed at Rs 475 to Rs 500. Today the shares of the company have opened for anchor investors. Let us tell you that after almost two decades, Tata Group's IPO has come for investors.

Earlier in 2004, the IPO of Tata Consultancy Services (TCS) was opened. Let us tell you that the IPO of Tata Technologies is completely for offer for sale. The company will offer 6.08 crore (6,08,50,278) equity shares for OFS in this IPO. Let us tell you that Tata Motors also has an 11.4 percent stake in Tata Technologies.

The lower end of the issue price range of Tata Technologies is Rs 890.4 crore and the upper end is Rs 3,042.5 crore. JM Financial, Citigroup Global Markets, and BofA Securities are the book-running lead managers advising the company on the IPO. Equity shares of Tata Technologies are expected to be listed on BSE and NSE on December 5.

Many experts have advised him to invest in the IPO of Tata Technologies. He says that the company's performance in the future is going to be excellent. According to many reports, Tata Technologies is now planning to expand in the aerospace sector. In such a situation, the growth of the company is expected to increase.