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

After a gap of almost 19 years, the Tata group is getting ready to list a company from the group’s stable as it gets ready to launch the initial public offer of Tata Technologies by September-end or early October to raise up to Rs 5,000 crore. The IPO of Tata Technologies is being launched as the bankers received positive response during the initial discussions with potential institutional investors, say bankers.

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