Tata Consultancy Services IPO GMP History
Tata Consultancy Services IPO has been listed on August 25, 2004 at a listing price of ₹1198.7, against the issue price of ₹850 — a gain of ₹348.7 (+41.02%). The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Tata Consultancy Services IPO raised ₹5420.49 Cr. through its IPO at a price band of ₹775 to ₹900 per share, with a lot size of 7 shares. The IPO was open for subscription from 29 Jul 2004 to 05 Aug 2004.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 12 Nov, 9:16 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| No GMP history available yet. | |||||
Tata Consultancy Services IPO dates
Key dates from opening to listing. Today is 12 November.
- Open 29 Jul 2004
- Close 05 Aug 2004
- Allotment 18 Aug 2004
- Refund/credit TBA
- Listing 25 Aug 2004
Tata Consultancy Services IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹850 |
|---|---|
| Listing gain / loss | +₹348.7 per share |
| Listing date | 25 Aug, 2004 |
| Actual listing price | ₹1198.7 (+41.02%) |
Is Tata Consultancy Services IPO GMP reliable?
Grey market premium for Tata Consultancy Services IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Tata Consultancy Services IPO full review for a fundamentals-based assessment before making any grey market trades.
Tata Consultancy Services IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Tata Consultancy Services IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Tata Consultancy Services IPO
Tata Consultancy Services Limited is part of the Tata group, and its promoter is Tata Sons. Before the IPO, the TCS business was run as a division of Tata Sons and was transferred to the company, which paid Tata Sons Rs 23,000 million for it.
It provides IT services, consulting and business solutions to clients in many industries. In fiscal 2003 it became the first Indian IT services organisation with annual revenues of a billion dollars.
It had offices in 31 countries outside India, and international business made up 84.8% of its revenues in fiscal 2004. It bought 51% of CMC Limited from the Government of India in October 2001.
The IPO was Rs 5,420.49 crore, with Rs 1,935.88 crore of fresh issue and Rs 3,484.62 crore of offer for sale by Tata Sons and other shareholders, at Rs 850 within the Rs 775 to Rs 900 band. The figures here are the TCS Division's unconsolidated results from the issue's public announcement filed with SEBI.
Frequently asked
What is the GMP of Tata Consultancy Services IPO?
The current Grey Market Premium (GMP) of Tata Consultancy Services IPO is not yet started or active in the market.
What is the Kostak Price of Tata Consultancy Services IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Tata Consultancy Services IPO is not available.
What is the Subject to Sauda Price of Tata Consultancy Services IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of Tata Consultancy Services IPO?
Tata Consultancy Services IPO listed on August 25, 2004 at ₹1198.7, against the issue price of ₹850 — a gain of +41.02%.
How did the GMP of Tata Consultancy Services IPO trend before listing?
The GMP of Tata Consultancy Services IPO was stable in its final days before listing. View the day-wise table above for the complete GMP history.
Explore Tata Consultancy Services IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
