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  3. Tata group gets ready to launch Tata Tech IPO, plans to raise Rs 5,000 …

Tata group gets ready to launch Tata Tech IPO, plans to raise Rs 5,000 cr

25 Aug 2023

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Key Takeaways

With the rising automobile market & consumer demand, Tata Technologies is forecasted to see significant growth in the future. The IPO will provide immediate capital to the company to expand its operations further, leading to increased revenues & profits in the future.

The shareholders of the company might see this as an opportunity to get reap better returns.


With the rising automobile market & consumer demand, Tata Technologies is forecasted to see significant growth in the future. The IPO will provide immediate capital to the company to expand its operations further, leading to increased revenues & profits in the future.

The shareholders of the company might see this as an opportunity to get reap better returns.


Tata Technologies

Tata Technologies

Listed0.00%

Expert Analysis

Tata Technologies Ltd (TTL), a subsidiary of Tata Motors incorporated in 1996 by Sir Ratan Tata, is planning to launch an IPO by September end or early October to raise 5000 Cr.


Justification

  • TTL has a global presence in 25+ countries.

  • As per the reports, the group will sell 95.7 mn shares or 23.6% of its existing capital in total through an Initial Public Offering (IPO)  comprising

    • 81.1 million shares held by Tata Motors 

    • Remaining held by Alpha TC Holding, a Singapore-based firm

  • The revenue growth for the company as analyzed by analysts is forecasted to rise because of rise in non-captive customers & rise in demand for Electric Vehicles.

  • The last IPO of Tata Group was in 2004 for Tata Consultancy Services, with a market valuation of Rs. 12.39 trillion as of 24 August 2023.

  • The group has delayed the IPO for Tata Play, a satellite TV broadcaster to raise 4000 Cr, which slipped into a loss this financial year.

  • Tata Sons, holding a 62% stake in Tata Play, is in talks with Temasek to buy out the Singapore Fund’s 20% stake in Tata Play.

Publisher:Business Standard