Tata Technologies IPO: The IPO of Tata Group, which is included in the list of reputed companies of the country, is going to come after 19 years. Tata Technologies IPO has received approval from market regulator SEBI a month ago. Since getting approval for Initial Public Offering from SEBI, there is a lot of curiosity among investors about it. Many market experts believe that after the IPO gets approval from SEBI, the company may take one to two months for its launch date. Only after this will it announce the price band of the IPO.
What could be the price band?
It is noteworthy that Tata Group is going to launch its IPO through Tata Technologies after 19 years. According to market experts, this IPO is trading at GMP of Rs 100 (Tata Technologies IPO GMP). According to the report published in Money Control, the company can set the price band of this IPO between Rs 280 to Rs 320.
Know the details of Tata Technologies IPO
According to the papers submitted by Tata Technologies, this IPO of the company will be completely Offer For Sale ie the promoters of the company are going to sell their stake through this IPO. In this IPO, the company will sell a total of 9.57 crore equity shares, which is 23.60 percent of the company’s total. Tata Motors has a total stake of 74.69 in this company. While Alpha TC Holdings Pvt Ltd holds 7.26 per cent and Tata Capital Growth Fund holds 3.63 per cent.
What the company does
Tata Technologies is a subsidiary of Tata Motors which provides engineering services. It provides services for aerospace, auto, industry heavy machinery. The business of this company has reached many countries of the world and it has more than 9300 employees worldwide. The company’s business is spread in Europe, America including India.
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