Golden opportunity for investors to earn money, Tata Technologies IPO will open on this day, know everything

Tata Group is also one of the giant companies in the country. It is also a favorite for many investors. After almost two decades, Tata Group's company Tata Technologies is launching its IPO. This IPO will open for Offer for Sale (OFS). In such a situation, if you also invest in it, then you should know about this IPO in detail.

This is the first IPO of Tata Group after the launch of Tata Consultancy Services (TCS) in the year 2004.

Yesterday on November 13, 2023, the company said in its regulatory filing that it is opening the IPO of Tata Technologies Limited on November 22, 2023. This IPO offers a complete offer for sale. This involves an offer of up to 46,275,000 equity shares. This year, on March 9, 2023, the company filed a draft red herring prospectus with the Securities and Exchange Board of India i.e. SEBI.

This IPO will open on 22 November 2023 and close on 24 November 2023. Tata Motors has a 74.69 percent stake in Tata Technologies. The remaining Alpha TC Holdings holds 7.26 percent and Tata Capital Growth holds 3.63 percent.

Tata Technologies was started in the year 1988. Tata Technologies is a subsidiary of Tata Motors. It provides engineering services. Apart from this, it also provides auto, aerospace, industrial heavy machinery, and other industry product development and turnkey solutions services. It offers its facilities in many countries in the world. They have more than 11,000 employees worldwide. Its business is spread all over the world.

The company's income has increased by 25 percent in the current financial year. At the same time, the company's profit has also increased by about 63 percent.