Tata Technologies IPO over subscribed within minutes of opening for public

NEW DELHI: The much-awaited initial public offer (IPO) of Tata Technologies, specializing in engineering and product development digital services, was fully subscribed within minutes of its opening on Wednesday. This marks the first IPO from the Tata Group in almost two decades, with Tata Consultancy Services being the last group company to go public in 2004.

Investors oversubscribed the IPO by 2.89 times as they bid for more than 130.3 million shares compared with the 45 million shares on offer, data from the stock exchange showed.