Tata IPO, Big Investment Opportunity! After two decades, Tata Group’s IPO will come to the market, know in detail – tata motors’ board gives green signal for stake sale in subsidiary tata technologies via ipo
After TCS in 2004, no Tata group company entered the domestic stock market. However, now the Tata Group has announced an IPO of a company. Tata Motors said that announcements related to the company’s IPO will be made as and when required.
How many companies listed in the market?
The special thing about this IPO is that this will be the first IPO during the tenure of Tata Group chairman N Chandrasekaran. Chandrasekaran took charge of the Tata Group in 2017. Tata Autocomp Systems postponed its $260 million IPO in 2011. According to a report, Tata Sky (now Tata Play) is also mulling a plan to list. As of 31 December 2021, the Tata Group had a total of 29 publicly listed companies with a total market capitalization of $314 billion (23.4 trillion).
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What is the shareholding of Tata Motors?
According to the 2022 annual report, Tata Motors has over 74 percent stake in Tata Technologies. Also according to preliminary information, the company will use the proceeds from the IPO for technology expansion. However, for now, the IPO will depend on market conditions and regulatory approvals, the company said.
Tata Company’s IPO after 18 years
Tata Technologies may launch the IPO between April-June in the financial year 2023-24. For this DHRP will be filed with SEBI. Currently, talks are going on with bankers for this and according to a report, the company may offer 10 percent stake under the IPO. The company has not yet shared the detailed information regarding this IPO. The company said that we are currently working on our preparations and plans for the IPO. The company is considering market conditions, SEBI and other regulatory approvals etc. before the IPO.
Company performance
Tata Technologies serves the auto, aerospace, industrial heavy machinery and other industries. Tata Technologies operates in many countries of the world. If we talk about the performance of the company, in the financial year 2022, a profit of Rs.3529.6 crores was recorded.
The company’s operating profit was Rs 645.6 crore and profit after tax was Rs 437.0 crore. On a year-on-year basis, the company recorded a 47 percent growth in revenue. The company has 9300 employees worldwide and its business spans from North America to Europe.
