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ā¢ The Tata Technologies IPO, priced in the range of Rs 475-500, will open for public subscription on November 24 and close on November 25.
ā¢ The IPO is entirely an offer for sale (OFS) of 6.08 crore shares, with Tata Motors, Alpha TC Holdings, and Tata Capital Growth Fund offloading their stakes.
ā¢ The company's shares are trading at a premium of Rs 353 in the grey market, and analysts value the company at a P/E of 32.5x with a market cap of Rs 20,283 crore post-issue of equity shares.