Breaking News: Now the Tata Technologies IPO is all set to open for subscription on 22nd November 2023. This article contains all the information regarding Tata Technologies IPO. The Tata Motors subsidiary Tata Technologies is now planning to launch the IPO which is offering OP to 60,850,278 equity shares. The IPO is going to be open for the subscription from 22nd November 2023 and it is going to stay open till 24th November 2023. This has been officially reported recently. This is going to be the first IPO from the Tata Group from the time of the successful launch of Tata Consultancy Services (TCS) in 2004. Check out this entire article to learn every single thing about the Tata Technologies IPO.
According to the source, after a big gap of approx two decades, finally, the Tata Group is officially going to launch the initial public offer (IPO) in the primary market. The company is going to plan to float the public issue on 22nd November 2023 as an Offer for Sale (OFS). This is one of the biggest breaking news in the business market. This is going to be the first IPO from Tata Group after the successful launch of Tata Consultancy Services (TCS) in 2004. Continue reading till the end.
Recently, Tata Technologies officially informed us about the exchange filing on 13th November 2023, Monday. The company has also claimed that they wished to inform you that the company has been informed by Tata Technologies Ltd that it has been filed on 13th November 2023, Monday. It has been filed with the Registrar of the Companies, which is located in Maharashtra, Pune. The company also added that this IPO is an Offer For Sale of up to 60,850,278 equity shares for cash if it comprises the offer for up to 46,275,000 equity shares by the company or up to 9,716,853 equity shares by Alpha TC Holdings Pte. Ltd. Or up to 4,858,425 equity shares by Tata Capital Growth Fund I as it is officially representing more than 11.41%, 2.40%, and 1.20%, paid-up equity share capital of Tata Technologies Limited.
The subsidiary of Tata Motors Ltd, Tata Technologies Ltd has now filed the draft red herring prospectus which is dated 9th March 2023 with the Securities and Exchange Board of India for the IPO. The Tata Technologies IPO is all set to open for subscription by the public on 22nd November 2023, Wednesday and it is going to close on 24th November 2023, Friday. More details are to be shared very soon.