Tata Group will bring an IPO of a company after 18 years. Tata Motors has approved partial disinvestment in its subsidiary Tata Technologies through IPO.
After TCS in 2004, no Tata group company entered the domestic stock market.
Now Tata Group has announced to bring an IPO of a company.
Tata Motors has said that announcements related to the company’s IPO will be made when needed.
How many companies are listed in the market
This will be the first IPO of Tata Group Chairman N Chandrasekaran’s tenure.
Chandrasekaran took charge of the Tata Group in 2017. Tata Autocomp Systems postponed its $260 million IPO in 2011.
According to a report, Tata Sky (now Tata Play) is also working on the listing plan.
As of 31 December 2021, 29 enterprises of the Tata group were publicly listed in the market, and their total market capitalization was $ 314 billion (23.4 trillion).
What is the stake of Tata Motors?
According to the 2022 annual report, Tata Motors holds a little over 74 per cent stake in Tata Technologies.
According to the initial information, the company will use the amount received from the IPO to expand technology.
However, the company said this IPO would depend on market conditions and regulatory approvals.
Company performance
Tata Technologies services auto, aerospace, heavy industrial machinery and other industries. Tata Technologies works in many countries of the world.
If we talk about the company’s performance, in the financial year 2022, a profit of Rs 3529.6 crore was registered.
Its operating profit was Rs 645.6 crore, and its profit after tax was Rs 437.0 crore. On an annual basis, a growth of 47 per cent was recorded in the company’s revenue.
The company has a workforce of 9300 employees across the globe. The company’s business has spread from North America to Europe.
When does an IPO come?
According to media reports, the company can bring its IPO to the market in April-June.
It is said that the company can offer a 10 per cent stake under IPO. Work is going on fast in the direction of bringing IPO. For this, DHRP will be filed in SEBI.
