TCS listing likely on Aug 25 or 27

MUMBAI: Tata Consultancy Services Ltd., India's largest software services exporter, is expected to list its shares at the stock exchanges on August 25 or 27, said a banker working on the issue.

"Depending on the availability of Ratan Tata, the listing will happen on either of the two days," said the banker, who declined to be identified.

Last week TCS concluded India's biggest initial public offer, raising $1.17 billion by selling a 13.3 percent stake.

The company is a unit of India's second-largest private conglomerate -- the Tata group -- and Chairman Ratan Tata will ring the opening bell at the listing ceremony at the Bombay Stock Exchange.

TCS priced the IPO at 850 rupees a shares, near the top end of a previously set 775-900 rupee price band.

The issue was subscribed 7.7 times and grey market trade indicates the stock will open some 200 rupees above the offer price.