K Krithivasan, CEO & MD at Tata Consultancy Services, on Sunday shared a memory of when the IT giant went public with its IPO. A major IT services company, TCS, has been publicly listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) in India.
The company was initially listed in 2004, and it has since become one of the most valuable and widely traded stocks in India.
“Today marks 20 years since TCS went public with its IPO in 2004. In these two dynamic decades we have helped our clients navigate many technology cycles, reshaped the global IT industry, built rewarding long-term careers for our colleagues and created wealth for our investors," Krithivasan wrote on the professional networking platform LinkedIn.
TCS is part of the Tata Group, one of India’s largest conglomerates, and its listing was a significant event in the Indian stock market, attracting a lot of attention from both retail and institutional investors.
Here are some key details about the listing:
- IPO Date: July 29, 2004
- Issue Close Date:
- August 5, 2004
- Face Value: Re. 1
- Offer Price/Range: Rs 850.0/Share
- Issue Size: Rs 471.3 crore
- Listing Exchange: NSE and BSE
“I give heartfelt thanks to all my colleagues at TCS, all our clients and partners, who have been with us on this remarkable journey. While we look back with great pride at all that we have achieved together, we remain equally focused on building a stronger future," Krithivasan added.
