Tata Consultancy IPO

Tata Consultancy IPO was launched by Tata Consultancy Services (TCS) during the second half of 2004. At the time of its launch, the Tata Consultancy IPO was the largest IPO in the history of the Indian financial market.

Tata Consultancy Services (TCS) is an India-based Information Technology company. The major business activity of Tata Consultancy Services involves providing IT-based business solutions to companies across the globe. TCS is a pioneer in providing cutting-edge business solutions to companies and is one of the leading IT Companies in India.

The company registered global revenues of USD 4.3 billion during the financial year 2006-2007.The Indian software giant - Tata Consultancy Services Ltd. launched its Initial Public Offering (IPO) to fund growth of its existing capacity.

Details of Tata Consultancy IPO

The Tata Consultancy IPO or the issue of Tata Consultancy Services Ltd. (TCS), which was launched in the second half of 2004, was the largest IPO in the history of the Indian financial market. The Tata Consultancy IPO was subscribed 3.4 times against the issue size of Rs 4991 crores. The issue accumulated around Rs. 20,000 crores from the primary market. The issue allotted for the Qualified Institutional Investors (QIBs) was oversubscribed by 5.5 times. The Tata Consultancy IPO received 2.5 lakh applications from the retail investors initially and the number soared later and the average bid price was Rs 835 for the retail applications.