Customers have been waiting for TATA Tech IPO for a long time, and as soon as it opened in the market today, investors pounced on it. This was the first time after 2004 that Tata Group was taking a company public. Earlier, an IPO was brought for TCS company. The wait was so much that this IPO was subscribed 2.89 times. TATA Tech will provide digital services along with engineering to enhance its products.
IPO That Came After 20 Years Did Wonders
Let us tell you that 130.9 million demands were seen for 45 million shares. If we talk about one share of TATA Tech, its share price can be between Rs 475 and Rs 500 per share. Yesterday, Tata Group company Tata Motors had taken Rs 791 crore from its investors. At the same time, 24th November is the last day for this IPO. Also, the company is eyeing to be listed on BSE and NSE.
Tata Tech IPO: Issue subscribed 2.6 times on Day 1 so far as investors rush to bid@apex_pawan https://t.co/KFk66jCFSB
— Business Today (@business_today) November 22, 2023
What Is The Expert Advice?
According to ET’s Anand Rathi, the company’s P/E ratio at the upper price band is 32.5 times, while if we talk about market cap, it will get Rs 20,283 crore for equity shares after the issue, return on net worth is 20.8 per cent. Has been. Looking at all this, it can be said that the company’s valuation is fine. Hence, we recommend investors subscribe to it for a long time.
The Year 2023 Eas Special Gor IPO
Let us tell you that this year, 2023, has been perfect for IPO cases, whether we talk about a domestic company or a foreign company. About 194 company IPOs have come for investors. Due to this, tremendous growth has been seen in the equity market of India.
