TATA company is bringing IPO
TATA company is bringing IPO: Another company of TATA group is going to bring its IPO. After a long time, a Tata group company is bringing its IPO. Tata Technologies, a company of Tata Group, is preparing to launch an IPO to tap the stock market. This Tata company is one of the world’s leading companies in the digital, engineering and technical services sector.
Tata Technologies Company is a subsidiary of Tata Motors. Tata Motors holds 72.48 per cent stake in the company. 8.96 percent stake is held by Alpha TC, 4.48 percent stake is held by Tata Capital Growth Fund. After a long time it is bringing its IPO. Significantly, Tata company is bringing IPO after a long time. The last IPO of Tata Consultancy Services came in 2004.
When will the IPO of TATA Technology come?
Tata Technologies can bring its IPO to the market between April and June in the year 2023-24. DHRP for this IPO will be filed with SEBI. Work is going on fast in the direction of bringing IPO. At present, talks are going on with bankers for this. According to the information, the company can offer 10 percent participation on the basis of IPO. At present, there is no information from the company regarding this IPO. The company says that we are currently working on our preparations and plans for this IPO. The company is considering market conditions, SEBI and other approvals before the IPO.
TCS IPO in the year 2004
Earlier, last time Tata group company TCS presented its IPO. TCS launched an IPO of Rs 5500 crore in the market. This IPO of Tata Tech is special because Tata Sons Chairman N. This is the first IPO under Chandrasekaran. Now let’s look at the earnings of this company. Talking about the earnings of Tata Technologies, the total earnings of the company in the year 2021-22 was Rs 3530 crore. Most of the customers of this company are from abroad. The company deals in research and development, value added resale, engineering and digital