Tata Technologies IPO prices shares at Rs 475-500

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Tata Technologies, part of the esteemed Tata Group, has set its IPO price band at Rs 475-500 per share, marking the group’s first initial share sale in nearly two decades. The IPO, scheduled to open from November 22 to 24, entails an Offer For Sale (OFS) of 6.08 crore equity shares by 

Tata Motors, Alpha TC Holdings Pte. Ltd, and Tata Capital Growth Fund I, without any proceeds directed to the company itself. 

Tata Motors will offload 11.4% stake, Alpha TC Holdings 2.4%, and Tata Capital Growth Fund I 1.2%. This offering is expected to fetch between Rs 2,890.4 crore and Rs 3,042.5 crore.

Reserved shares for employees and Tata Motors shareholders total 20.28 lakh and 60.85 lakh, respectively. The company’s post-issue market capitalization is estimated to range between Rs 19,269 crore and Rs 20,283 crore. Warren Harris, MD and CEO, highlighted growth strategies focusing on client engagement, targeting key industries and geographies, expanding digital engineering capabilities, and enhancing service delivery.

Tata Technologies, a global engineering services firm with deep expertise in automotive and adjacent industries, aims to leverage its experience to serve diverse sectors like aerospace, transportation, and construction heavy machinery. 

The IPO’s book-running lead managers, including JM Financial, Citigroup Global Markets India, and BofA Securities India, aim to list the company’s equity shares by late November or early December on the BSE and NSE stock exchanges.

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We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Tata Technologies IPO prices shares at Rs 475-500

Tata Technologies, part of the esteemed Tata Group, has set its IPO price band at Rs 475-500 per share, marking the group’s first initial share sale in nearly two decades. The IPO, scheduled to open from November 22 to 24, entails an Offer For Sale (OFS) of 6.08 crore equity shares by 

Tata Motors, Alpha TC Holdings Pte. Ltd, and Tata Capital Growth Fund I, without any proceeds directed to the company itself. 

Tata Motors will offload 11.4% stake, Alpha TC Holdings 2.4%, and Tata Capital Growth Fund I 1.2%. This offering is expected to fetch between Rs 2,890.4 crore and Rs 3,042.5 crore.

Reserved shares for employees and Tata Motors shareholders total 20.28 lakh and 60.85 lakh, respectively. The company’s post-issue market capitalization is estimated to range between Rs 19,269 crore and Rs 20,283 crore. Warren Harris, MD and CEO, highlighted growth strategies focusing on client engagement, targeting key industries and geographies, expanding digital engineering capabilities, and enhancing service delivery.

Tata Technologies, a global engineering services firm with deep expertise in automotive and adjacent industries, aims to leverage its experience to serve diverse sectors like aerospace, transportation, and construction heavy machinery. 

The IPO’s book-running lead managers, including JM Financial, Citigroup Global Markets India, and BofA Securities India, aim to list the company’s equity shares by late November or early December on the BSE and NSE stock exchanges.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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