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Va va vroom: Tata Technologies stock doubles investor money on debut



Tata Technologies stock zoomed on debut day, providing its investors with 162% listing gains. That’s more than what the grey market had anticipated at 75%.

The stock listed at ₹1,314 as compared to its issue price of ₹500 per share. Its marketcap stands at ₹53,314 crore, according to Bombay Stock Exchange.

After a break of 19 years, a Tata group company is listed on the stock exchanges, and has created enough buzz even before listing. The ₹3,042 crore issue is a complete offer for sale that was subscribed 69 times over, making investors rush for it on debut day.

This article is published by Business Insider

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