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Tata Technologies To Launch IPO Soon; Are You Investing?

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Tata Technologies

The Tata Group has submitted paperwork to market watchdog Sebi to begin Tata Technologies’ initial public offering (IPO). There will be no new shares issued as part of the IPO; instead, the sponsor, Tata Motors, and 2 additional current shareholders are making a pure proposal for sale.

About Tata Technologies IPO

The IPO will be conducted by an offer for sale (OFS) of up to 95,708,984 equity securities, or about 23.60% of the company’s paid-up share capital.

Currently, Tata Capital Advisors-managed Alpha TC Holdings Pte Ltd owns 8.96% of Tata Technologies, Tata Capital Growth Fund owns 4.48%, and Tata Motors shares 74.42% of the company.

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The sale, which will be made through all the book-building procedures, could reserve 35% of the IPO size for individual investors. Tata Tech stated it has no plans to issue its shares before its first public offering (IPO).

The Tata Motors board had already agreed in December to partially sell its ownership in Tata Tech via a public offering.

The automotive, aerospace, industrial heavy machinery, and other industries are served by Tata Motors’ engineering division. It assists businesses in the intersection of digital technology and conventional architecture to build better solutions as a global provider of product engineering as well as digital services.

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The company generated sales of Rs 3,011.8 crore for the nine months that ended in December 2022, representing an increase of 15.5% year over year. The business’s profit for the past nine months totaled Rs 407.5 crore.

Since TCS was listed in 2004 this is the multifaceted conglomerate’s second initial public offering. As the first business to do so under the new rules, satellite TV provider Tata Play submitted a “pre-filed” DRHP or classified IPO documents with Sebi earlier in December.

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Subhashree Panda: A proficient content writer, editor, and researcher. With 4 years of experience and an MBA in finance, she crafts compelling narratives on global events. Her passion for diverse journalism genres resonates widely, fostering broad audience connections.

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