Tata Technologies IPO opens today

The stock market is slightly higher today, Wednesday (November 22). The Sensex began 9 points higher at 65,839. At the same time, the Nifty gained only one point. It began at a level of 19,784. During early trading, 22 of the 30 Sensex stocks were seen rising, while 8 were seen declining.

The initial public offering (IPO) of Tata Technologies will begin today.

Tata Group company Tata Technologies Limited’s initial public offering (IPO) will begin today. Tata Technologies Limited is a division of the automobile conglomerate Tata Motors. After nearly 19 years, the Tata Group is planning an initial public offering. Tata Consultancy Services (TCS) had gone public earlier in 2004.

Tata Technologies IPO opens today

The Sensex opened 9 points higher at 65,839, giving investors the opportunity to invest in Tata Technologies’ IPO beginning today.

The company has set the IPO price range at $475 to $500. Retail investors can apply for the IPO until November 24. On December 5, the company’s shares will be listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). Tata Technologies’ gray market value has increased by 70%. That means it can earn 70% on the day it is listed. 

Yesterday, the stock market rose.

Previously, the stock market rose yesterday, or on Wednesday. The Sensex ended the day at 65,930, up 275 points. The Nifty also increased by 89 points. It closed at 19,783 points. Only 12 of the 30 Sensex stocks fell, while 18 rose. Click here to read the entire article.

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