Price Band fixed at ₹ 475 per equity share to ₹ 500 per equity share of the face value of ₹ 2 each (“Equity Shares”) of Tata Technologies Limited
• Anchor Investor Bidding Date – Tuesday, November 21, 2023
• Bid /Offer Opening Date – Wednesday, November 22, 2023, and Bid/ Offer Closing Date – Friday, November 24, 2023
• Bids can be made for a minimum of 30 Equity Shares and in multiples of 30 Equity Shares thereafter
Mumbai: Tata Technologies Limited (the “Company”), a global engineering and product development digital services company, proposes to open its initial public offering of up to 60,850,278 Equity Shares (“Offer”) on Wednesday, November 22, 2023.
Bid/ Offer Closing Date will be Friday, November 24, 2023.
The Anchor Investor Bidding Date is one Working Day prior to the Bid/Offer Opening Date, that is, Tuesday, November 21, 2023.
The Price Band of the Offer has been fixed from ₹ 475 per Equity Share to ₹ 500 per Equity Share. Bids can be made for a minimum of 30 Equity Shares and multiples of 30 Equity Shares thereafter.
The Company’s initial public offering comprises an offer for sale of up to 60,850,278 Equity Shares for cash. The Offer consists of (a) sale of up to 46,275,000 Equity Shares by Tata Motors Limited, (b)sale of up to 9,716,853 Equity Shares by Alpha TC Holdings Pte. Ltd. and (c)sale of up to 4,858,425 Equity Shares by Tata Capital Growth Fund I.