tata technologies ipo, Tata IPO: Keep money ready in your pocket! Earning opportunity coming soon, SEBI also gives green light – tata technologies ipo gets sebi nod 1st tata group firm to float issue since tcs
Tata’s IPO after 19 years
The IPO of this Tata group company is significant in many ways. After almost 19 years, the IPO of the Tata Group company will soon come to the primary market. Earlier in 2004, the IPO of Tata Consultancy Services (TCS) came to the market. Note that Tata Technologies is a subsidiary of Tata Motors, a Tata group company, on 9 March 2023 SEBI DRHP was filed with, which got approval today (June 27).
Earlier, Tata Consultancy Services (TCS), a Tata group company, had its IPO in July 2004. Since then the company’s IT stock has given good returns to investors and is one of the biggest wealth creators on Dalal Street. Meanwhile, the market capitalization of this company is around Rs 11.7 lakh crore.
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Know everything about Tata Technologies
Tata Technologies, a subsidiary of Tata Motors, is a leading global engineering services company providing product development and digital solutions to original equipment manufacturers. Under this IPO, Tata Motors will sell 81,133,706 shares of its subsidiary and two other shareholders of Tata Technologies, Alpha TC Holdings and Tata Capital Growth Fund I will also sell their shares under the issue.
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On the other hand, information related to the size of this IPO is yet to come out, but the market estimates that the IPO issue could be around Rs 4000 crore.
