Tata Group Is Coming With An IPO By Fiscal-End, After 18 Years

Tata Group is going to launch an IPO after 18 years named Tata Technology which will be a subsidiary of Tata Motors group company. The last Tata’s IPO was TCS in 2004.

One of the most respected corporate entities in the nation is the Tata Group. In such a scenario, every new initiative the Tata group takes will be scrutinized by the entire nation and the market. 

There will undoubtedly be a commotion in the market when a Tata group firm launches an IPO for the first time in 18 years. 

The Tata Motors group company’s subsidiary Tata Technology is getting ready to start trading on the stock market. This will be a Tata company’s first IPO in 18 years.

The Tata group has about six firms that are publicly traded. Tata Consultancy Services is the last of these firms (TCS). The IPO for TCS first hit the market in 2004. Since that time, no Tata firm IPO has occurred.

What is Tata Technology?

Engineering and digital services are offered globally by Tata Technology, a division of Tata Motors. The Tata Group claims that the money collected through the IPO will be utilized to expand the e-vehicle market and the aviation industry. 

Citibank contacted the IPO’s merchant banker, but as of this writing, no information regarding the IPO’s size and other details has been disclosed.

Tata Motors 74% stake in Tata Technology

According to sources with knowledge of the 74 % holding in Tata Motors, work on the IPO has begun, and domestic and international banks will soon be included. 

Tata Motors owns more than 74% of Tata Technology. In 2018, the corporation attempted to sell its remaining 43% ownership, however the sale was unsuccessful due to a lack of required permits. 

In the March 2022 quarter, Tata Technology had revenue of ₹3,529 crore and a net profit of ₹437 crore.