Tata Technologies IPO: Ratan Tata is giving bumper earning opportunity, first IPO in 19 years, may knock next month – tata technologies ipo could be opened next month know detail here
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It is believed that the size of this issue can be 9,57,08,984 shares. That is, such equity shares will be sold through IPO, which is 23.60 percent of the total paid-up share capital of the company. The issue price of a share with a face value of Rs 2 can be Rs 500. Tata Motors holds 74.42 per cent stake in this Pune-based company. Similarly, 8.96 per cent stake is held by Alpha TC and 4.48 per cent by Tata Capital Growth Fund. It is believed that Tata Motors will sell 81,133,706 equity shares through this issue. Alpha TC Holdings will sell 9,716,853 equity shares and Tata Capital will sell 4,858,425 shares.
IPO came 19 years ago
This will be the first IPO of the Tata group under the tenure of N Chandrasekaran, the current chairman of Tata Sons. Tata Technologies is one of the world’s leading companies in the digital, engineering and technology services sector. Earlier, the IPO of any Tata Group company came 19 years ago. Tata Group brought the IPO of Tata Consultancy Services (TCS) in the year 2004. TCS is the country’s largest IT company and the second most valuable company by market cap. Mukesh Ambani’s Reliance Industries is at number one.
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