This IPO marks the first public issue from the Tata Group in almost two decades. Tata Technologies submitted its IPO documents to SEBI in March. The IPO consists entirely of an offer for sale (OFS), in which the selling shareholders will sell up to 9.57 crore units, representing 23.60% of the company’s paid-up share capital.
Indeed, the IPO of Tata Technologies holds significant anticipation as it marks the first public offering from the renowned Tata Group in 19 years. The previous IPO from the conglomerate was Tata Consultancy Services (TCS) in July 2004. The long wait for another Tata Group IPO has generated considerable interest among investors and market participants.
