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Can Tata Tech IPO Live Up To Its Grey Market Premium?

Tata Technologies, the first initial public offering by the Tata Group in almost 20 years, attracted the highest grey market premium amongst the five mainboard IPOs to be launched this week. Tata Consultancy Services was the last IPO from the Group in 2004. The global engineering services company's shares were available at Rs 850 apiece in the grey market, which is 70 percent premium over the upper price band of Rs 500 per share, analysts said on condition of anonymity.. Catch Nickey Mirchandani, Moneycontrol as does a comparative analysis of how Tata Tech stacks up against its peers..

first published: Nov 21, 2023 02:05 pm

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