Tata Autocomp Systems IPO: After the spectacular listing of Tata Technologies on the stock exchange, Tata Group has launched its auto component manufacturing business company Tata Autocomp Systems. In preparation for listing on the stock exchange. At present, discussions regarding IPO are going on only among Tata group companies which have stake in Tata Autocomp Systems. But the formal process of IPO launching will be started in the coming days.
According to the news of Moneycontrol, the discussion regarding Tata Autocomp Systems is still in the initial stage. Negotiations are going on between different companies of Tata Group who have stake in the company. Discussions are also being held regarding how much stake is to be sold. Different Tata group companies have stake in Tata Autocomp Systems (TACO).
With Tata Sons holding 21 per cent stake, various Tata group companies have holding in Tata Autocomp Systems (TACO). The remaining stake is with Tata Industries. Tata Autocomp Systems was formed in 1995. The company operates as a vehicle for ventures related to the group's auto component business. In 2011, Tata Group was about to launch an IPO of Rs 750 crore of Tata Autocomp Systems. The company had also received approval from SEBI to launch an IPO, but due to poor market sentiment, the decision to launch an IPO was postponed. It is also possible that this time the company may rope in a big investor before launching the IPO. Earlier, before Tata Tech's IPO, TPG Group was given stake in Tata Tech.
Tata Autocomp Systems is one of the leading companies in the auto component sector. Which is present in interior plastics and composites, radiators, batteries, stampings, suspensions, seating, EV powertrain, EV battery energy storage systems and engine cooling systems. According to the company's corporate filing, the company's revenue in 2022-23 has increased by 57 percent to Rs 14,372 crore.
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