Tata Technologies (Ticker: Pending) is an engineering and technology services company based in India. The company specializes in providing services to the automotive, aerospace, and heavy machinery sectors. Tata Technologies is set to list on November 30, 2023, in India. The firm is offering shares with an expected valuation at the top end of the price band of 202.83 billion rupees (approximately USD 2.43 billion) at the price range of 475-500 rupees per share. The total offer size is 30.43 billion rupees (USD 366 million). Stakeholders, including parent company Tata Motors, are selling shares in this initial public offering. The offering has been oversubscribed, with investors bidding for more than 189 million shares, approximately 4.20 times the amount offered. This IPO is notable as it marks the first public float of a Tata Group company since Tata Consultancy Services in 2004.
Back to All Events