Mumbai: Tata Consultancy Services Ltd's (TCS) scrip was today (Aug 25, 2004) listed at the Bombay Stock Exchange (BSE) and the first deal was struck at Rs 1076, at premium to the issue price of Rs 850 per share of Rs one each.

The first deal was contracted at Rs 1076 per share for 50 shares, BSE official said in Mumbai.

The book-built issue of Tata group company opened for bidding on July 29 and closed on August 5, 2004.

The bidding price-band for initial public offering (IPO) was Rs 775-900 per share.

The IPO comprised of 5.55 crore shares and green shoe option consisted of 83 lakh shares.

The issue by software major was oversubscribed by about 7.5 times and the offer had received over 13 lakh applications.

The retail portion of IPO was oversubscribed by 2.9 times. The retail investors received 17 shares against 50 applied for.

The portion reserved for the institutional investors segment, was oversubscribed by seven times.

In non-institutional investors segment, the issue was oversubscribed by about 19.2 times.

The book running lead managers to the issue were JM Morgan Stanley, DSP Merrill Lynch and JP Morgan.