Tata Technologies IPO opens today! Here's why Tata's first issue in 20 years has gripped the pulse on D-Street

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Tata Technologies IPO: The Tata Group's much-awaited initial public offering (IPO) is all set to open for subscription today (November 22, 2023). Tata Technologies IPO has gripped the pulse on D-Street, being the first issue from the group firm after nearly 20 years. Tata Consultancy Services (TCS) was the last IPO from the Tata Group which got listed on the bourses in 2004.

Ending the long wait among investors and analysts today, Tata Technologies IPO has set the primary market buzzing, in what market observers feel has become the most talked about IPO of this decade. The global engineering and information technology (IT) services company has attracted the highest grey market premium (GMP) among the five mainboard IPOs to be launched this week. Tata Technologies IPO also garnered ₹791 crore from 67 investors through the anchor book on November 21.

Also Read: Tata Technologies IPO: GMP, price, other details as issue opens. Should you apply? Tata Technologies - a subsidiary of Tata Motors - is a pure-play manufacturing focused Engineering Research & Development (ER&D) company, primarily focused on the automotive industry. Tata Investment Corporation is a promoter group entity in Tata Motors, owning 0.33 per cent stake as on September 30.

Brokerages and market experts have been upbeat on the public issue with mostly positive outlook on the subscription and listing estimates, but some have also highlighted a few business risks. Let's take a look at what analysts say on the IPO and why it has become the word on the Street: Tata Technologies plans to raise ₹3,042.51 crore from the IPO which is entirely an offer for sale (OFS) of 6.09 crore equity shares by the promoter and investors. Tata Technologies' OFS comprises up to