Tata Technologies IPO: Co fixes price band at Rs 475-500 per share

Tata Technologies has set the price band of its initial public offer at Rs 475-500 per share. At the upper end of the price band, the size of the Tata Motors’ arm’s IPO will stand at Rs 3,042.5 crore, while the company will be valued at Rs 20,283 crore.

The minimum lot size for an application is 30 shares.

According to reports, the price is about about 47 per cent lower than its price in the unlisted market where the stock currently trades at Rs 950 per share.