On Wednesday, Tata Technologies specializing in engineering and product development digital services has opened its initial public offer (IPO). Within minutes of opening the millions have oversubscribed.
According to the data, investors oversubscribed the IPO by 2.89 times as they bid for more than 130.3 million shares compared with the 45 million shares on offer.
With this, Indian IPOs this year have set new benchmarks both domestically and internationally, with 194 companies launching share offerings.
