Tech Mahindra Ltd IPO

Closed

Subscription Details

  • Open Date 01 Aug
  • Close Date 04 Aug
  • Lot Size 16
  • IPO Size ₹ 465.23 Cr
  • IPO Price Range ₹ 365
  • Min Investment ₹ 5840

Tech Mahindra Ltd IPO Timeline

Open Date
01 Aug
Close Date
04 Aug
Basis of Allotment
-
Refunds
-
Credit to Demat Account
-
Listing Date
-

IPO Synopsis

Public issue of 12,746,000 Equity Shares of Rs.10 each of Tech Mahindra Limited (Tech Mahindra or the company or the Issuer) for cash at a price of Rs.365 per equity share (including a share premium of Rs.355 per equity share), consisting of a fresh issue of 3,186,480 equity shares and an offer for sale of 9,559,520 equity shares by Mahindra & Mahindra Limited and British Telecommunications Plc (The Selling Shareholders), aggregating Rs.465.23 crores (The Issue). 1,158,790 equity shares of Rs.10 each will be reserved in the issue for subscription by eligible employees (The Employee Reservation Portion). The issue less the employee reservation portion is referred to as the Net Issue. The face value of the equity shares is Rs.10. The issue will constitute 11% of the post-issue capital of the Company. The net issue will constitute 10% of the post-issue capital of the Company. Issue price Rs.365 per equity share of face value Rs.10 each. The issue price is 36.5 times the face value

How to apply for an IPO?

  • Login to your 5paisa account and select the issue in the current IPO section

  • Enter the number of lots and price at which you wish to apply for

  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

  • You will receive a mandate notification to block funds in your UPI app

  • Approve the mandate request on your UPI and funds will be blocked

Contact Details of Tech Mahindra Ltd IPO

Contact Information

Address

Gateway Building,
Apollo Bunder,
Mumbai, Maharashtra 400001

Open Demat Account