Tata Technologies makes a blockbuster debut on bourses; 10 things you need to know

Tata Applied sciences made a stellar debut on the bourses on Thursday, November 30, with a 140 per cent premium over the problem worth of Rs 500. The scrip of Tata Applied sciences was listed at Rs 1,200 on the NSE and Rs 1,199.95 on the BSE. Final seen, the scrip was buying and selling at Rs 1,318.80 on the BSE, and its market capitalisation stood at Rs 53,592.87 crore.

Right here are some things it’s essential to know concerning the expertise arm of the Tata Group and its public challenge.

1. Tata Applied sciences Restricted is part of the Tata Group and is a worldwide engineering companies firm.

2. It’s a subsidiary of Tata Motors, one of many main automotive gamers in India.

3. Tata Applied sciences is within the enterprise of offering product growth and digital resolution companies to world OEM and Tier-1 suppliers.

4. It has a complete of 18 world supply centres at current, with 11,000 workers.

5. Tata Applied sciences raised Rs 791 crore from 67 anchor traders forward of its IPO.

6. The corporate had issued 1.58 crore shares at Rs 500 every.

7. Tata Applied sciences IPO was launched 19 years after the Tata Consultancy Providers (TCS) IPO in 2004.

8. In October, promoter Tata Motors offered a 9 per cent stake to TPG Rise Local weather SF at Rs 401.81/share (complete Rs 1,467 crore).

9. Tata Applied sciences’ valuation elevated by Rs 3,000 to Rs 4,000 crore (18–25 per cent) within the final month.

10. The IPO opened on November 24, 2023.

Zee Enterprise Managing Editor Anil Singhvi listed out the next positives of the corporate 

-Sturdy and skilled promoters

-Deep relationships with purchasers throughout the Globe

-Sturdy digital and expertise expertise

-Debt-free firm with sturdy money circulation

-Spectacular monetary monitor document

-Sturdy progress prospects

-Very enticing valuations

-Inventory might double very quickly

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