Tata Technologies is set to launch its initial public offering (IPO) with a price band ranging from ₹475 to ₹500 per equity share with a face value of ₹2. Subscriptions for the Tata Technologies IPO will commence on Wednesday, November 22, and conclude on Friday, November 24, while the allocation to anchor investors is slated for Tuesday, November 21.
The floor price stands at 237.50 times the face value, and the cap price is set at 250 times. The price to earnings ratio, based on diluted earnings per share for the financial year 2023, is 30.90 times at the floor price and 32.53 times at the cap price. The lot size for Tata Technologies IPO is 30 equity shares, with subsequent multiples of 30 equity shares.
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The basis of allotment for Tata Technologies IPO shares is tentatively scheduled to be finalized on Thursday, November 30. Refunds are expected to be initiated by the company on Friday, December 1, and the credited shares will appear in the demat accounts of allottees on Monday, December 4. The anticipated listing of Tata Technologies IPO shares on BSE and NSE is set for Tuesday, December 5. Any adjustments to the timeline due to a potential switch to the T+3 norm will result in preponed dates.
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