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Upcoming IPO: Make arrangements for money, IPOs of these 4 companies coming this week, know full details before investing
Table of Contents
According to the draft paper, the company (Tata Technologies) will sell about 9.57 crore shares through this IPO. Out of this, Tata Motors will sell its share worth Rs 8.11 crore. In the remaining shares, Alpha TC Holdings will sell 97.2 lakh shares and Tata Capital Growth Fund 1 will sell 48.6 lakh shares from its holding. According to market experts, this IPO is currently trading at a GMP of Rs.100. According to media reports, the price band of this IPO can be fixed by the company between Rs 280 and Rs 320.
This IPO of the company will be completely Offer For Sale i.e. the promoters of the company are going to sell their stake through this IPO. Please tell that Tata Technologies is a subsidiary of Tata Motors. It provides services for aerospace, auto, industry heavy machinery. The business of this company is spread in many countries of the world.
The stock of this company of Ratan Tata had fallen on its face, now there is a lot of loot to buy stock, the prices are increasing rapidly.
Let us tell you that before this the IPO of any company of Tata Group came in the year 2004. Then the IPO of Tata Consultancy Services (TCS) was brought. TCS is the second most valuable company in the country today. Let us tell you that Tata Technologies is one of the world’s leading companies in the digital, engineering and technical services sector.
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