In this article, we will talk about the Tata Technologies IPO. Tata Technologies is an Indian multinational product engineering company that provides services in engineering and design, product lifecycle management, management, manufacturing product development, and IT service management for automotive and aerospace original equipment manufacturers as well as industrial machinery companies. It is a subsidiary of Tata Motors. Reportedly, after getting SEBI’s nod for the launch of an initial public offering (IPO), Tata Group is all set to launch its public issue after a gap of nearly two decades. Here we have more information about the news and we will share it with you in this article.
Tata Technologies IPO
Primary market investors have been eagerly waiting for Tata Technologies IPO opening whereas the grey market has also gone bullish on the public issue. After Tata Mortos, who is one of the promoters marketing its stake in this forthcoming IPO of the Tata group company, speculations about the Tata Technologies IPO cost and launch date have quite increased. As per the stock market experts, Tata Technologies IPO cost band could be approximately 400 to 542 each equity share as valuations of Tata Technologies Limited drop roughly 22,015 crores if the recent 9.9% stake selling by Tata Motors is taken as a cue for predicted Tata Technologies IPO price. Scroll down to the next page for more information about the news.
To make it more attractive and reasonably priced, Tata Technologies may keep the issue price close to 400 whereas to take benefit of the market hype and bull trend in the primary market, the company might prefer to keep Tata Technologies IPO price at around 540 per share level. Now fans must be super curious to know about the whole information about the Tata Technologies IPO price. You are on the right page for more information about the news and we will share it with you in this article.
Tata Technologies IPO price
Tata Technologies IPO possible cost, Omkar Kamtekar, Research Analyst at Bonanza Portfolio stated,” On the 16th October 2023, Tata Motors, the champion of the IPO bound Tata Technologies. Tata Tech announced in the statement that they have decided to divest a 9.9 % stake in Tata Tech for a total consideration of 1,613.7 crores. The stake has been broken down, with 9% purchased by TPG Rise Climate SF Pte Ltd. The equity valuation of Tata Tech has been imputed at Rs.16,300 crores.”
Tata Technologies IPO GMP
Tata Technologies IPO GMP today is 255. So, the unlisted stock market has been anticipating a 255 listing gain from the upcoming IPO of this Tata group company. Stay tuned to us for more updates.