IPO: IPO of this Tata group company is going to come after years, know the complete details here
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Tata Technologies IPO: The initial public offering (IPO) of Tata Technologies, a Tata group company, is coming soon. The biggest thing is that the IPO of a Tata group company is being launched in the stock market after years. Tata Technologies has submitted documents related to presenting the IPO to the market regulator Securities and Exchange Board of India (SEBI) on March 9 itself. Tata Technologies, a subsidiary of Tata Motors, will sell about 9.571 crore shares through the IPO.
According to media reports, Tata Motors currently holds a total stake of 74.69 per cent in Tata Technologies. Besides, Alpha TC Holdings, Tata Capital Growth Fund hold 7.26 per cent and 3.63 per cent, respectively. The report states that the IPO of Tata Technologies is an offer for sale being carried out by its existing shareholders such as Tata Motors, Alpha TC Holdings Pte and Tata Capital Growth Fund-I.
How much can the issue price
Regarding the answer to the question of IPO valuation of Tata Technologies, market experts say that the company has collected a revenue of Rs 3983 crore. Out of this, the net profit of the company has been around Rs 513 crore. Now if we compare Tata Technologies with Cent, then the share price of Tata Technologies on earnings is Rs 12.65. At the same time, the price of shares on Cient’s earnings is Rs 46.52 per share.
GMP of Company’s IPO
Those who keep an eye on the primary market say that the shares of Tata Technologies are running at a level around Rs.850. If Tata Technologies shares come at an issue price of Rs 268 per share, as is being speculated, then its GMP will come to Rs 582 per share (Rs 850-Rs 268 = Rs 582).
Multibagger Returns for Investors
There are indications from the gray market that the upcoming IPO of Tata Technologies can give multibagger returns to the investors. This is being said because today’s GMP is more than 200 per cent higher than the potential IPO price of Tata Technologies.
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