Tata Consultancy Services Ltd IPO

IPO Synopsis

Public Issue of 55452600 Equity Shares of Re. 1 each for cash at a price of Rs. 850 per Equity Share aggregating Rs. 4713.47 crore, consisting of a Fresh Issue of 22775000 Equity Shares of Re. 1 each by Tata Consultancy Services Limited (TCS Ltd or the Company or the Issuer) and an Offer for Sale of 32677600 Equity Shares by Tata Sons Ltd (Tata Sons) and certain other shareholders of TCS Ltd (together with Tata Sons, the Selling shareholders). The Fresh Issue and the Offer for Sale are jointly referred to herein as the Offer. 5545260 Equity Shares will be reserved in the Offer for subscription by employees and directors in India of the TCS Division, TCS Ltd and Tata Sons (the Employee Reservation Portion). There will also be a Green Shoe Option of 8317880 Equity Shares of Re. 1 each to be offered by Tata Sons for cash at a price of Rs. 850 per Equity Share aggregating Rs. 707.02 crore. The Offer and the Green Shoe Option aggregate Rs. 5420.49 crore. The Offer will constitute 11.59% of the fully diluted post Offer paid-up capital of TCS Ltd assuming that the Green Shoe Option is not exercised and 13.33% assuming that the Green Shoe Option is exercised in full.

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