TATA Tech IPO: IPO from Tata Group after 19 years.. Do you know why there is so much demand?

TATA Tech IPO: Good news for stock market investors. Another IPO (Initial Public Offering) is coming from Tata Group, one of the largest companies in the country. Coming after a long gap of 19 years together, people are excited about it. Due to this, there is a good demand in the same order. Tata Motors subsidiary Tata Technologies (TATA Tech IPO) is looking to raise Rs 3,500 to 4,000 crore through an initial public offering. According to this issue, the valuation of the company is from Rs.16200 to Rs.20 thousand crores. Tata Group is already working towards this IPO. Trying to bring it as soon as possible. Efforts have already started in this regard.

The Tata Group is thinking in two ways for this. Last month Tata Motors board approved to sell Tata Tech stock through IPO. Since then unlisted shares in the company have been increasing. However, the Tata Group has not yet decided on a specific date for this new IPO. Waiting for the right time. Tata Sons is currently the chairman of N. Chandrasekaran. This is the first time that an IPO is coming from the Tata Group during his tenure.

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Tata Technologies is one of the world’s largest and most influential companies in the digital, engineering and technology services sector. In this, Tata Motors’ share is 74.42 percent. Alpha TC’s share is 8.96 percent while Tata Capital Growth Fund’s share is 4.48 percent.

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The last time an IPO came from the Tata Group was less than 19 years ago. In 2004, Tata Consultancy Services (TCS), the country’s largest IT services company, had its IPO. Currently, TCS is the second most valuable company in the country. The market value of Reliance Industries led by legendary businessman Mukesh Ambani is Rs.1671800.7 crores. TCS is in the second place with a market capitalization of Rs.1233082.22 crores.

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On the other hand, the domestic stock market indices have been facing severe fluctuations in recent times. The Bombay Stock Exchange index Sensex fell 187 points today and continues at 60 thousand 858. National Stock Exchange index Nifty is moving at 18 thousand 100 mark with a loss of 57 points. While the power and utilities sectors fell badly, the metal sector picked up a bit.

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