Tata Technologies IPO Tata Technologies, a subsidiary of Tata Motors Limited, has filed the papers for its initial public offering. Its market cap is expected to be around Rs 18000 crore to Rs 20000 crore.
A good opportunity is coming for investors thinking of investing in recent times. Sometime back Tata Technologies Ltd has filed papers to launch its initial public offering (IPO). It is expected that its public issue will be done in the next two to three months. At the same time, due to the IPO of Tata Technologies, it is expected to see a boom in the shares of Tata Motors. Hence, it can turn out to be a good return investment for investors.
Highlights of Tata Technologies IPO
- The price of the upcoming IPO of Tata Technologies has not been announced yet, but it is expected to have a market cap of around Rs 18,000 crore to Rs 20,000 crore, which is expected to bring profit to the shareholders of Tata Motors.
- An Offer for Sale of 81,133,706 Equity Shares is being made by Tata Motors Limited. This issue will be completely Offer for Sale (OFS).
- Tata Technologies plans to sell 9.5 crore shares through the IPO, constituting approximately 23.6 per cent of its paid-up share capital.
- Another reason why investors are excited for this IPO is that after 18 years this will be the first IPO of a Tata company.
- This is being seen as profit booking for Tata Motors after the acquisition of Tata Technologies shares. Tata Motors has reported strong Q3 numbers in the financial year and with the IPO coming up, revenues are expected to pick up in Q4 as well.
- The IPO comprises an offer for sale of up to 81,133,706 equity shares by Tata Motors Limited, an offer for sale of up to 9,716,853 equity shares by Alpha TC Holdings and an offer for sale of up to 4,858,425 equity shares by Tata Capital Growth Fund.
