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Tata Technologies IPO: The IPO of a Tata group company will hit the stock market after years and the news of its coming into the market may come soon. Tata Technologies had submitted the draft red hearing prospectus to SEBI on 9 March 2023. This subsidiary of Tata Motors is about to sell its 9.571 crore shares and through this offer for sale it will bring its 23.6 percent paid up share capital to the market. This IPO will be an offer for sale to its existing shareholders.
Tata Technologies IPO is an offer for sale being made by its existing shareholders such as Tata Motors, Alpha TC Holdings Pte and Tata Capital Growth Fund-I. Tata Motors currently holds 74.69 per cent stake in the company, while Alpha TC Holdings Pte and Tata Capital Growth Fund-I hold 7.26 per cent and 3.63 per cent, respectively.
What can be the issue price of Tata Technologies IPO?
Experts were talked to about what could be the share price in the IPO of Tata Technologies. He said that considering the 10 per cent discount of the portion given to Cyient, a share price of Rs 268 per share seems to be coming out for its IPO. Based on this, the total market capitalization of Tata Technologies stands at Rs 10,825 crore.
GMP of Tata Technologies 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 issue price of Rs 268 per share, as expected, its GMP will come to Rs 582 per share (850 – ₹268 = Rs 582).
Multibagger Returns for Investors
The gray market is indicating that the upcoming IPO of Tata Technologies can give multibagger returns to the investors. This is because today’s GMP is 200% above the potential IPO price of Tata Technologies.
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