Tata group gets ready to launch Tata Tech IPO, plans to raise Rs 5,000 cr

After a hiatus of nearly 19 years, the Tata group is preparing to list a company from its stable, as it gears up to launch the initial public offer (IPO) of Tata Technologies by the end of September or early October. The aim is to raise up to Rs 5,000 crore. The decision to launch Tata Technologies’ IPO comes after bankers received a positive response during initial discussions with potential institutional investors.

The last IPO from the Tata group was that of India’s largest software exporter, Tata Consultancy Services, in July 2004, which has a market valuation of Rs 12.39 trillion as of Thursday.