Historic Demand 

Tata Technologies IPO experiences overwhelming subscription, surpassing expectations on Day 1, signaling historic interest as Tata Group's first IPO in almost two decades. 

Offer Details 

Entirely an Offer for Sale (OFS), the IPO involves the sale of 6.09 crore equity shares with a price band set between Rs 475 to Rs 500 per share, totaling an issue size of Rs 3,042.51 crore. 

Promoter's Stake Sale

Tata Motors to offload 4.62 crore equity shares worth Rs 2,313.75 crore, along with sales by investors Alpha TC Holdings Pte Ltd and Tata Capital Growth Fund I. 

Expert Insights

Analysts recommend subscribing to the IPO, citing improving financials, niche presence, strong brand legacy, and reasonable valuations compared to peers. 

Subscription and GMP Update

As of Day 2, the IPO is subscribed 10.76 times, with retail at 9.02 times, QIB at 4.15 times, and NII at 22.05 times, with a notable Grey Market Premium (GMP) of Rs 385 per share, indicating a 77% premium over the issue price. 

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