Tata Capital IPO: Another Tata Group company is going to enter the stock market soon. Tata Capital said its board had approved a plan to launch the company's initial public offer (IPO). The company will put 23 million new shares for sale in the IPO. For this, the current shareholders of the company will also put some of their shares for sale. Apart from this, the board will provide Rs. It has decided to issue shares up to Rs 1,504 crore.
This will be the first IPO of any Tata Group company after Bumper Listing of Tata Technology in 2023. Earlier on December 24, Manicantrol had stated in a report for the first time that Tata Capital had paid Rs. Work has been started on a plan to bring a huge IPO of over Rs 15,000 crore.
The report also states that the company has hired Syril Amarchand Mangaldas and Kotak Mahindra Capital as a consultant for the IPO.
In fact, Tata Capital has to launch its IPO due to a RBI rule. The RBI has included Tata Capital on the list of its 'Upper Layer' NBFC companies. The companies included in the list must list themselves in the stock exchange within 3 years from the date of the included. Under this rule, Tata Capital has time to be listed on the stock exchange until September 2025.
Bajaj Housing Finance had to list itself on September 16 last year due to this rule. The company's listing was very wonderful and made a bumper profit of 135 per cent to investors on the first day. On the day of the listing, the stock had an upper circuit.
Tata Capital is a non-banking financial services (NBFC) company and is a subsidiary of Tata Sons, a Tata group's main investment holding company. According to the September 31, 2024, the Tata Capital assets under management (AUM), according to the September 31, 2024, according to the September 31, AUM. 158,479 crore. Tata Sons had 92.83 per cent equity shares of Tata Capital Limited, while most of the rest were with other companies and trusts of Tata Group.
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IPO means initial public offer. When any company declares its shares for the general public, it is called the IPO, the first public offer. Click here to read such news of IPO ..
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