Winning Bizness Desk

Mumbai. The coming 7 days are going to be very important for the stock market as 6 companies including Tata Group are coming up with their IPOs. According to the information, these 6 companies intend to raise as much as 7,300 crore rupees through IPO. Tata Technologies, IREDA (Indian Renewable Energy Development Agency), Gandhar Oil Refinery, Flair Writing Industries, Rocking Deals Circular Economy and Fedbank Financial companies' are entering the capital market through their IPOs. Tata Group's Tata Tech will be open with applications for the IPO till November 24. Importantly, Tata Group's first IPO in 20 years is coming after TCS.

Tata Group's first IPO in 20 years

The price of Tata Tech has been fixed at Rs 475 to Rs 500 per share. Around Rs 800 crore has been invested in Tata Tech by Anchor Investors. After TCS, Tata Group's first IPO in 20 years. Therefore, the attention of the market has turned towards this IPO. While there is an atmosphere of instability in the capital market in the global market, in India, it is being seen that there is an attempt to raise money through IPO in the current year.

Tata's fixed a price band of Rs 475-500 per share

Tata Technologies IPO, which has been in the news for the past several days, was launched on Wednesday. The application deadline for this IPO is November 24, and the company has fixed a price band of Rs 475-500 per share. The previous IPO of a Tata group company was 19 years ago. So how the response to Tata Technology's IPO be, will be important to see. Tata Technology, an engineering services company with a market cap of over Rs 20,000 crore, is eyeing an IPO to raise over Rs 3,042.51 crore through an offer for sale (OFS).