Tata Technologies, a subsidiary of Tata Motors, is set to hit the Indian stock market with its initial public offering (IPO) soon. The IPO is expected to raise around Rs 1,500 crore and the company is planning to utilize the proceeds to repay its debts and for general corporate purposes.
The grey market premium (GMP) for Tata Technologies shares has been in the range of Rs 100 to Rs 120 per share, indicating strong investor interest in the IPO. The demand for unlisted Tata Technologies shares has also been high, with investors looking to cash in on the company’s growth potential.
The issue price for Tata Technologies shares has not been officially announced yet, but industry experts believe that it may be in the range of Rs 750 to Rs 800 per share.
This is based on the company’s financial performance and growth prospects in the coming years.
Tata Technologies is a leading global engineering and design solutions provider, serving clients across various industries such as automotive, aerospace, industrial machinery, and healthcare.
The company has a strong presence in India, the US, and Europe and has been expanding its operations in emerging markets such as China and Southeast Asia.
The company has also been making efforts to diversify its business by offering digital solutions and services, in addition to its core engineering and design offerings.
This has helped Tata Technologies to stay competitive in the rapidly evolving technology landscape.
In addition to the IPO, investors can also consider buying Tata Technologies unlisted shares, which have been trading at a premium in the grey market. However, it is important to conduct thorough research and due diligence before investing in any unlisted shares.
Overall, Tata Technologies IPO presents an attractive investment opportunity for investors looking to gain exposure to the engineering and design solutions sector. With its strong market position, diversified offerings, and growth potential, the company is well-positioned to create long-term value for its shareholders.
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Tata Technologies Share Price as of 08-05-2023 is trading at RS. 900 in the unlisted market.
Source : Mint