{"id":1243646,"date":"2023-03-11T10:56:25","date_gmt":"2023-03-11T05:26:25","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1243646"},"modified":"2023-03-11T10:56:58","modified_gmt":"2023-03-11T05:26:58","slug":"tata-technologies-ipo-papers-filed-with-sebi-for-offering-95-7-million-sales-via-ofs","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/tata-technologies-ipo-papers-filed-with-sebi-for-offering-95-7-million-sales-via-ofs\/","title":{"rendered":"Tata Technologies IPO: Papers Filed With SEBI For Offering 95.7 Million Sales Via OFS"},"content":{"rendered":"\n<p>Soon, the financial market will witness the launch of Tata Technologies initial public offering (IPO) as the Tata Group has filed papers with market regulator Sebi to launch the IPO.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2023\/03\/Untitled-design-7-1-1-1-1280x720-1-1024x576-1-1.jpeg\" alt=\"Tata Technologies IPO: Papers Filed With SEBI For Offering 95.7 Million Sales Via OFS \" class=\"wp-image-1243647\" srcset=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2023\/03\/Untitled-design-7-1-1-1-1280x720-1-1024x576-1-1.jpeg 1024w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2023\/03\/Untitled-design-7-1-1-1-1280x720-1-1024x576-1-1-300x169.jpeg 300w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2023\/03\/Untitled-design-7-1-1-1-1280x720-1-1024x576-1-1-768x432.jpeg 768w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><strong>Tata Technologies Initial Public Offering (IPO) Launch<\/strong><\/p>\n\n\n\n<p>The IPO is purely an offer for sale by the promoter Tata Motors and two other existing shareholders and doesn&#8217;t involve any fresh issue of shares.<\/p>\n\n\n\n<p>Pouring more light on the subject, Tata Motors said, &#8220;We wish to inform you that Tata Technologies, a subsidiary of Tata Motors Limited, has informed the company that it has today filed a draft red herring prospectus dated March 9, 2023 with the Securities and Exchange Board of India for an initial public offering.&#8221;<\/p>\n\n\n\n<p><strong>Tata IPO Offerings<\/strong><\/p>\n\n\n\n<p>This IPO is having an offer for sale (OFS) of up to 95,708,984 equity shares, representing approximately 23.60% of its paid-up share capital.<\/p>\n\n\n\n<p>Coming to stakes, Tata Motors holds 74.42% in Tata Technologies, Alpha TC Holdings Pte Ltd, a Singapore-based investment firm managed by Tata Capital Advisors, owns 8.96%, while Tata Capital Growth Fund owns another 4.48%.&nbsp;<\/p>\n\n\n\n<p>This latest IPO from Tata Technologies&nbsp; comprises OFS of up to 81,133,706 equity shares by Tata Motors, 9,716,853 equity shares by Alpha TC Holdings and up&nbsp;<\/p>\n\n\n\n<p>up to 4,858,425 shares by Tata Capital Growth Fund I.<\/p>\n\n\n\n<p>Each representing up to 20%, 2.40% and 1.20%, respectively of Tata Technologies paid-up share capital.<\/p>\n\n\n\n<p>As part of this offer, 35% of the IPO size would be reserved for retail investors.<\/p>\n\n\n\n<p><a href=\"https:\/\/economictimes.indiatimes.com\/markets\/ipos\/fpos\/tata-technologies-files-ipo-papers-with-sebi\/articleshow\/98532317.cms?from=mdr\">Reportedly<\/a>, this offer is being made through the book building process.<\/p>\n\n\n\n<p>The technology company said that it is not contemplating a pre-IPO placement of its shares.&nbsp;<\/p>\n\n\n\n<p>Earlier, the Tata Motors board had approved a partial divestment of its stake in Tata Tech through a public float in December.<\/p>\n\n\n\n<p>Presently, the engineering unit of Tata Motors caters to the automotive, aerospace, industrial heavy machinery and others.&nbsp;<\/p>\n\n\n\n<p>It helps companies in convergence of digital technology and traditional engineering to develop better products being a global product engineering and digital services company.<\/p>\n\n\n\n<p>The company had reported a revenue of Rs 3,011.8 crore, recording a growth of 15.5% on a year-on-year basis during the nine-month period ending December 2022.<\/p>\n\n\n\n<p>For this period, the company&#8217;s profit stood&nbsp; at Rs 407.5 crore.<\/p>\n\n\n\n<p>This seems to be the second IPO filed by the diversified conglomerate since the listing of TCS in 2004.&nbsp;<\/p>\n\n\n\n<p>Prior to this, the satellite TV operator Tata Play had filed a &#8216;pre-filed&#8217; DRHP or confidential IPO papers with Sebi in december.<\/p>\n\n\n\n<p>It was also the first company to do so under the new regulations.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Soon, the financial market will witness the launch of Tata Technologies initial public offering (IPO) as the Tata Group has filed papers with market regulator Sebi to launch the IPO.&nbsp; Tata Technologies Initial Public Offering (IPO) Launch The IPO is purely an offer for sale by the promoter Tata Motors and two other existing shareholders [&hellip;]<\/p>\n","protected":false},"author":27,"featured_media":1243647,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[1081,644],"class_list":["post-1243646","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-ipo","tag-tata-technologies"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tata Technologies IPO: Papers Filed With SEBI For Offering 95.7 Million Sales Via OFS - Trak.in - Indian Business of Tech, Mobile &amp; 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