Tata Consultancy Ltd's scrip, on Wednesday, listed on the Bombay Stock Exchange and National Stock Exchange. At BSE the first deal was struck at Rs 1076, against the issue price of Rs 850 per share of Re 1 each.

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

TCS' scrip was listed on NSE with the opening price of Rs 850 per share while the listing price was up at Rs 1049.

The difference of Rs 199 is one of the largest ever to occur on the NSE.

TCS scrips touched a high of Rs 1198 and a low of Rs 1020 immediately after the listing.

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

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

The IPO comprised 5.55 crore (55.5 million) shares and green shoe option consisted of 83 lakh (8.3 million) shares.

The issue by software major was oversubscribed by about 7.5 times and the offer had received over 13 lakh (1.3 million) applications.

The retail portion of IPO was oversubscribed 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.

Tata Group Chairman Ratan Tata (L) presses a key on a laptop to list India's largest software company, Tata Consultancy, on the Bombay Stock Exchange and the National Stock Exchange as TCS Managing Director S Ramadorai looks on in Mumbai on Wednesday. Photo: Sebastian D'Souza/AFP/Getty Images