Wednesday, June 28, 2023

The Biggest IPO of 2023 #TataTechnologies

Tata Technologies IPO: All You Need to Know 

Unlisted Share Price, Company Details, Business, Financials & The Rally in Tata Motors

After almost two decades, the renowned Tata Group is making a highly anticipated comeback to the stock market with the upcoming IPO of Tata Technologies. 

The last time the Tata Group went public was in July 2004 with TCS which has since become one of the biggest wealth creators on Dalal Street, commanding a market capitalization of Rs 11.7 lakh cr.

SEBI has given its approval for the Tata Technologies IPO, marking a significant milestone for the Tata Group.

The IPO will follow the offer for sale (OFS) route, 

-Where existing shareholders will sell up to 9.57 cr unit

-Which is around 23.60% of the company's paid-up share capital. 

Market insiders estimate that the IPO could be worth at least Rs 4,000 cr....

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