Tata Technologies IPO: 7 things to know ahead of public issue.
Tata Technologies is a leading global engineering services company offering product development and digital solutions to global original equipment manufacturers.
It has a workforce of over 11,000 employees spread across 18 global delivery centres.
Tata Technologies is set to open for public subscription on November 22.
The issue size has been reduced from an earlier 9.57 crore shares to 6.08 crore equity shares.
This IPO is entirely an offer for sale (OFS) wherein the selling shareholders, including the promoter of Tata Motors.
In the issue, Tata Technologies has reserved a 10% quota for Tata Motors' eligible shareholders.
In the grey market, the company's shares are commanding a premium of Rs 270-285.