Tata Technologies gears up for its historic IPO on Nov 22, marking the first public offering from Tata Group in nearly 20 years. Get ready for a ride into the world of innovation!
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Buckle up, folks! Tata Technologies is breaking free from the corporate garage and hitting the public road with its much-anticipated IPO on November 22. This isn’t just any IPO; it’s the first time a Tata Group company is going public in almost two decades, making it a historic ride for investors and enthusiasts alike.
Revving Up the tata technologies IPO
The company, a proud subsidiary of Tata Motors Limited, filed its IPO papers with Sebi on March 9, and now the gears are set to go live. The issue, featuring a cool 60,850,278 equity shares, will be up for grabs until November 24. Imagine owning a piece of Tata’s technological prowess!
Shifting Gears Since 2004
Hold on to your seats because the last time Tata Group pulled off such a stunt was in 2004 when Tata Consultancy Services (TCS) went public. Talk about a comeback! It’s been a long wait, but good things come to those who wait, right?
Stake Sale Pit Stop
Why the sudden change of gears, you ask? Well, Tata Motors sold 9.9 percent of its stake in Tata Technologies in October 2023, valuing the company at a whopping Rs 16,300 crore (about $2 billion). TPG Rise Climate SF Pte and the Ratan Tata Endowment Foundation joined the ride, leaving Tata Motors with a 74.69 percent stake.
Financial Boost and Market Buzz
The stakes were high, and so was the market buzz. Tata Technologies’ unlisted shares revved up from a modest Rs 90-100 in 2020 to a whopping Rs 900 in anticipation of the IPO. Analysts are eyeing a pricing range of Rs 400-450, and the excitement is palpable.
CLSA’s Pit Crew Prediction
Foreign brokerage firm CLSA isn’t just spectating; it’s part of the pit crew. Following the stake sale, CLSA upped Tata Motors’ target price to Rs 803. The British brand Jaguar Land Rover is expected to report better margins, and Tata Motors is predicted to dominate the Indian SUV segment with a 65.4 percent share by FY26.
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth |
|---|---|---|---|---|
| 31-Mar-20 | 2,572.97 | 2,896.96 | 251.57 | 1,852.60 |
| 31-Mar-21 | 3,572.74 | 2,425.74 | 239.17 | 2,142.15 |
| 31-Dec-21 | 4,121.07 | 2,647.69 | 331.36 | 2,477.62 |
| 31-Mar-22 | 4,218.00 | 3,578.38 | 436.99 | 2,280.16 |
| 31-Dec-22 | 4,640.68 | 3,052.30 | 407.47 | 2,752.83 |
Financial Victory Lap
In the financial realm, Tata Motors reported a consolidated net profit of Rs 3,764 crore for the September quarter. That’s four consecutive quarters of positive results, signaling a victorious lap for the homegrown auto giant.
So, mark your calendars, set your reminders, and get ready to witness Tata Technologies make history on November 22. This IPO isn’t just an investment opportunity; it’s a front-row ticket to the future of innovation with the Tata Group.
Ready, set, IPO! 🚗💨
