The date of the IPO of Tata Group company Tata Group has come out.
The date of Tata Group’s largest IPO has become public. Also, on the last day of the month, the company’s debut will be in the stock market. According to the information, an IPO of Tata Capital (about Rs 17,200 crore) of Tata Capital will come in the week starting from 22 September. Sources familiar with the case said on Tuesday that the issue of Tata Capital could be listed in the stock market by September 30 and it is likely to be the largest IPO of 2025. The Tata Group company organized programs in Hong Kong, Singapore, London, New York and major cities of India from August to make investors aware of IPOs. In these, strong participation of global and domestic institutional investors was seen.
Tata Sons will also take out a stake
According to sources, successful investor contact is expected to reach the company’s valuation to $ 18 billion, while the valuation was $ 11 billion while filing IPO documents in April. According to the revised draft documents filed in August, Tata Capital IPO will include the issue of 21 crore new shares and a sales offer of 26.58 crore shares (OFS). In this, promoter company Tata Sons will sell 23 crore shares and International Finance Corporation (IFC) will sell 3.58 crore shares. At present, Tata Sons holds 88.6 per cent stake in Tata Capital while IFC holds 1.8 per cent stake.
Second IPO in 18 months
The amount raised from the IPO will be used in the increase in Tier-1 capital and expansion of loan portfolio. If successful, it will be the biggest public issue of the country’s finance sector. The Tata Group has decided to list one of its units for the second time in recent years. Earlier, Tata Technologies made their debut in the stock market in November 2023. Whose IPO received tremendous response. Also, the listing of the company will also be seen quite spectacular. This time too, Tata’s IPO is expected to get great response. According to experts, Tata Capital IPO can also break the record of Tata Technology.