Tata Steel Limited which had launched its FPO between the 19th and the 21st of January for 5.7 cr shares in a price range of Rs 594-610 is good for delivery from today. The issue was subscribed an overall 6 times and received excellent support from QIB’s. The QIB portion was subscribed 10.41 times, the […]

The FPO for 5.7 cr shares from Tata Steel was subscribed and received excellent response from QIB’s and HNI’s. The retail portion was oversubscribed 1.6 times which is creditable. The employee portion was undersubscribed and received bids for a mere 6% of their reserved portion. In the next week or so we would know whether […]

Makes better sense to buy post FPO from market Tata Steel Limited which has launched its FPO which opened on Wednesday the 19th of January and closes today for 5.7 cr shares in a price band of Rs 594-610. The company had earlier allotted 83.25 lakh shares to anchor Investors. With the issue closing today […]