Tata Group likely to announce new IPO soon after Tata Play and Tata Technologies?
By Lokmat English Desk | Published: December 11, 2022 04:39 PM2022-12-11T16:39:33+5:302022-12-11T16:39:33+5:30
Next 
Amid all the rumours doing rounds of IPOs being planned for Tata Play and Tata Technologies, the salt-to-steel conglomerate Tata Group, which has 29 publicly listed enterprises with a combined market capitalisation of $314 billion (Rs 23.4 trillion) as of December 31, 2021, may silently be prepping up for a very different IPO.
For the past few months, IPOs have been on the rise in the stock market. Investors are also getting new opportunities of earning through IPO. It now has some companies of the TATA group, which are ready to list in the stock market through IPO.
TATA Group's Tata Play and Tata Technologies' IPOs were the talk of the town, but now another company seems to be joining the race. According to a report, Tata Electronics Private Limited (TEPL) may also list on the stock market through an IPO.
TEPL is working on a plan to become a leading company in the electronic market. The TATA group company has a presence in the manufacturing of electronic components and has a manufacturing plant in Krishnagiri district of Tamil Nadu. The IPO launch of this Tata company may take time
India's electronics industry is estimated to grow to $300 billion by 2025. On the other hand, TATA Play has submitted the IPO related documents to SEBI in a confidential manner. Company to submit such documents after implementation of new rules by SEBI.
Meanwhile, after 18 years, an IPO of a Tata group company is about to hit the market. The IPO of TATA Consultancy Services (TCS) came 18 years ago in 2004. After that now Tata group is preparing to bring the IPO of Tata Technology Company (Tata Tech IPO). Tata Tech.
This company of TATA is planning to bring an IPO in the first quarter of 2024. The company is likely to submit documents to SEBI in the coming quarter and it is said that discussions with merchant bankers are currently underway. According to the information received, this company equity of TATA.
TATA Tech Company can issue both Offer for Sale i.e. OFS and New Shares through IPO. Founders of Tata Group can offer for sale of shares. Tata Motors' stake in Tata Technologies is 72.48 percent. So, this company of Singapore company Alpha.
TATA Tech mainly focuses on automotive, aerospace, industrial machinery and industry sectors. The company is headquartered in Pune and has 18 distribution centers worldwide. At the same time, it has 9,300 employees.
TATA Tech is a profitable group company. Tata Tech's revenue for the financial year ended March 31, 2022 was Rs 3529.6 crore. Tata Motors is the largest shareholder in Tata Technologies with around 72 per cent equity stake.
Most of the remaining equity is owned by other TATA Group entities and Alpha TC Holdings, a Singapore-based investment firm backed by Mizuho Securities.
From TATA Salt to TATA Steel, 29 Tata group companies are listed on the stock market. Its total market capitalization is close to 314 billion dollars. (Note - This article only provides information about shares / investments. Before making any investment, please read this section.
