Mumbai: Tata Consultancy Services Ltd's (TCS) Initial Public Offer (IPO) today (July 29, 2004) opened for bidding with a price band of Rs 775-900 per share.

The book-built issue of 5,54 crore equity shares would close on August 5th 2004.

The investment banking sources said the investors have begun to place bids for the IPO but it was too early to comment on level of response.

Apart from the 5.54 crore shares on offer in the IPO, the Tata company has made provision for issue of additional 15 per cent shares under a green shoe option.