If you want to earn by investing in IPO in the stock market, then a great opportunity is coming. Actually the way for Tata Technologies IPO has been cleared. Market regulator SEBI has approved the application related to the initial public offer of this company of Tata Group.
Tata Technologies IPO applied for IPO in the month of March last. This issue will be completely based on Offer for Sale (OFS). The IPO of a Tata Group company is about to come after 19 years. This is also important. Earlier, the IPO of Tata Consultancy Services (TCS), a Tata Group company, came in July 2004. Stock market watchers and investors have been waiting for this IPO for a long time. The IPO of this company of Tata Group is very special in many respects.
It is a subsidiary company of Tata Motors. According to the draft paper, the company (Tata Technologies) will sell about 9.57 crore shares through this IPO. Out of this, Tata Motors will sell its share worth Rs 8.11 crore. In the remaining shares, Alpha TC Holdings will sell 97.2 lakh shares and Tata Capital Growth Fund 1 will sell 48.6 lakh shares from its holding.
Earlier, the IPO of Tata Consultancy Services (TCS), a Tata Group company, came in the year 2004. Today TCS is the second most valuable company in the country. Tata Technologies is one of the world’s leading companies in the digital, engineering and technical services sector. This IT stock has given handsome returns to the investors. It has been one of the biggest wealth creators of Dalal Street. The market capitalization of this company has been around Rs 11.7 lakh crore.
