Tata Capital’s IPO receives board approval, making it Tata Group’s second IPO in 20 years. The IPO will feature a fresh issue of 23 crore equity shares along with an Offer for Sale (OFS) from existing shareholders. Tata Sons, currently holding 93% of Tata Capital, will remain a major stakeholder post-listing. Prior to the IPO, a rights issue worth Rs 1,504 crore has been authorized for existing shareholders.
Key Highlights:
Tata Capital’s First IPO: A Major Step for the Tata Group
Following the successful listing of Tata Technologies in November 2023, Tata Group is set to launch another significant public offering with Tata Capital IPO. The board of directors has given the green light for Tata Capital’s stock market debut, which is expected to attract significant investor interest.
IPO Structure and Tata Sons’ Role:
The IPO will consist of two components:
- A fresh issue of 23 crore equity shares
- An Offer for Sale (OFS) by existing shareholders
Despite going public, Tata Sons will continue to be a key shareholder as it currently owns 93% of Tata Capital.
Tata Capital: A Key Player in Financial Services
Tata Capital serves as the holding company for multiple financial entities within the Tata Group, including:
- Tata Capital Cleantech Capital
- Tata Capital Housing Finance
- Tata Capital Financial Services
- Tata Securities
- Tata Capital Singapore
The company is actively involved in various financial segments, including housing finance, cleantech investment, private equity, and securities trading.
Rights Issue Before IPO:
Ahead of its public offering, Tata Capital’s board has approved a rights issue worth up to Rs 1,504 crore to its existing shareholders. This move is likely to strengthen the company’s financial position before entering the stock market.
What This Means for Investors?
The Tata Capital IPO is expected to be one of the most anticipated listings in the Indian stock market. Given the company’s strong financial foundation and Tata Group’s credibility, the offering is likely to draw substantial interest from both institutional and retail investors.
With the Tata Capital IPO, Tata Group is set to make yet another milestone in the financial sector. The public offering will not only enhance Tata Capital’s market presence but also provide investors with an opportunity to be part of the conglomerate’s growing financial division. Stay tuned for further updates on the IPO timeline and share price details.
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