A big news related to the Tata Group (Tata Group) among the country’s largest business houses came out on Tuesday. In fact, during the board meeting, another Tata company has got approval for IPOs. Yes, we are talking about Tata Capital, whose IPO plan agreed. According to reports, the size of the IPO of the company can be around Rs 15000 crore. After this news came, the stock of Tata Investment Limited led to a stormy boom and it was seen trading with a jump of 10 per cent. Let us know in detail about the details related to Tata IPO …
Tata Capital will issue 23 crore shares!
According to a Business Today report, the group’s finance company Tata Capital has got approval to launch its IPO in the board meeting of Tata Capital on Tuesday. Non-Banking Financial Company (NBFC) will allegedly issue 23 crore new shares under its IPO. These will include fresh shares as well as stocks sold by promoters through offers for cells. Tata Tech IPO of Tata Technologies came in November 2023 and after that it will be the first company in the Tata group to launch its issue.
Let us know that Tata Sons has a 92.8 per cent stake in Tata Capital, while Tata Sons stakeholding in Tata Investment is around 68 per cent. According to the report, Tata Capital shares may list the stock market by September 2025.
Tata Investment shares get wings
The news of the approval of Tata Capital IPO was seen on the share of Tata Group’s company Tata Investment LTD and it suddenly jumped 10 percent during the businessman. This stock of Tata was opened at Rs 5850 when trading started in the stock market in the morning and as soon as the news of the Tata Capital IPO was approved, it was seen trading at Rs 6,344, holding a high speed.
The company is required to be listed in the market
Tata Capital is a non-banking financial services (NBFC) company. This company is also a subsidiary of Tata Sons. Looking at a report by Crisil Ratings, the company’s AUM was Rs 1,58,479 by March 2024, which was Rs 1,19,950 crore in the end of March 2023 and Rs 94,349 crore in the end of March 2022. This company is an upper layer NBFC, so according to the rules of the Reserve Bank of India, it is necessary to list them in the stock market within three years of coming to this category.
This 3 -year deadline for Tata Capital is ending by September 2025, that is, it is to be listed in the market by September 2025. In view of this, the board has approved the IPO of this company.
(Note- Be sure to consult your market experts before any kind of investment in the stock market.)