Tata Technologies IPO Makes Blockbuster Debut, Shares Soar 140%

The first Tata Group company to go public in almost two decades, Tata Technologies sees a 140% premium over its IPO price, signaling strong market confidence.

Tata Technologies' IPO witnessed a remarkable debut on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on November 30. The IPO, oversubscribed by 69.43 times, garnered bids worth INR 1.56 trillion, reflecting substantial investor interest.

This event marks Tata Technologies as the first Tata Group company to go public in almost two decades, following Tata Consultancy Services' IPO in 2004. With a nearly 43% increase in consolidated net profit and a 25% rise in revenue for the fiscal year ending March 31, 2023, the IPO's success underscores the market's confidence in Tata Technologies.