abhishreshthaa
New member
- Tata consultancy Services is a part of TATA group which has a heritage of over 135 years as one of India's leading corporate group’s.
- TCS is strengthening it business process outsourcing capabilities through a series of acquisitions which would provide them with a strong platform in future to expand the BPO business.
- The company manages projects for over 1000 clients in over 55 countries and employees nearly 28,000 software professional across the globe.
- The TCS offer marks Asia's second-largest tech IPO this year, after Chinese chipmaker Semiconductor Manufacturing International Corp. raised $1.8 billion in March.
NEED FOR IPO:
- The IPO Will help the company in restructuring its B/S, promoting new ventures and increase in group share holding in TATA companies
- A crucial component of the overall strategy was to strengthen the group’s core business, one of them being IT.
- The company may look at foreign acquisition strategy to add value.
- To create a public trading market for the equity shares of the company by listing them on the stock exchanges.
- To utilise net proceeds of the fresh issue to pay transfer consideration
of Rs 23 bn to Tata Sons.
DETAIL OF IPO:
Issue Size 55,452,600 equity shares
Issue Type 100% Book Building
Face Value Rs.1/-
Price Range Rs.775/- to Rs.900/-
Market Lot 7
Minimum Order Quantity 7
IPO Market Timings* 10.00 a.m. * to * 5.00 p.m.
Book Running Lead Managers
1. JM Morgan Stanley Pvt. Ltd.2. DSP Merrill Lynch Ltd.3. JP Morgan India Pvt. Ltd.
Co – Managers
1. Kotak Mahindra Capital Co. Ltd. (Senior Co-Manager)2. SBI Capital Markets Ltd.3. CLSA India Ltd.
Syndicate Members
1. ICICI Securities Ltd.2. HSBC Securities & Capital Markets India Pvt. Ltd.3. Karvy Stockbroking Ltd.4. Kotak Securities Ltd.5. UTI Securities Ltd.