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ā¢ Tata Technologies Ltd., a subsidiary of Tata Motors Ltd., had a successful IPO with shares being sold at the top of the marketed range and demand exceeding shares on offer by 69 times.
ā¢ India's IPO market has been booming, with a record number of listings in 2023 and a surge in share prices for most newcomers.
ā¢ Tata Technologies is looking to expand into aerospace, transportation, and electric vehicles, with its automotive business currently accounting for 70% of sales.