buy Tata Technologies IPO

Tata Technologies Ltd, a subsidiary of Tata Motors Ltd, on March 10, 2023 filed a draft red herring prospectus with market regulator Sebi for the launch of its initial public offering (IPO). Ever since then market observers, Tata Motors shareholders and investors are eagerly waiting for the IPO to open for subscription. As mentioned in Tata Technologies DRHP, Tata Motors has bought Tata Technologies shares paying Rs. 7.40 per share price and as per the market expectations, market capital of Tata Technologies is expected…

Tata Technologies Ltd, a subsidiary of Tata Motors Ltd, on March 10, 2023 filed a draft red herring prospectus with market regulator Sebi to raise funds through an initial public offering (IPO). The company is yet to fix IPO price and the opening date of the subscription process. Notably, the IPO is purely an offer for sale (OFS), where the company will sell up to 9.57 crore equity shares representing approximately 23.60 percent of its paid-up share capital, according to the Draft Red Herring Prospectus (DRHP).Under the…