Tata Technologies IPO: An explanation of why you should anticipate the debut of the planned IPO next month

 Tata Technologies IPO: An explanation of why you should anticipate the debut of the planned IPO next month

Tata Technologies IPO: The Tata Group will make its first public offering (IPO) on the main market after an almost two-decade hiatus. After getting approval from SEBI to conduct its first offer, Tata Technologies Ltd., one of the Tata group entities, filed an amendment for its public offering. The market is now anticipating the IPO with great anticipation.

Stock market analysts predict that the waiting period for the impending IPO may come to a conclusion in November 2023, or the following month. They claimed that Tata Motors, a publicly traded company, is one of the promoters selling its interest in Tata Technologies Ltd. Therefore, following a week after the publication of Tata Motors' Q2FY24 results, Tata Technologies' IPO debut is feasible. 

If Tata Technologies has an initial public offering (IPO), Tata Motors' Q2 2023 results won't be available for about two to three weeks after the IPO. Market consensus is that the impending IPO might debut in the second week of November 2023, given that Tata Motors' Q2 results for 2023 are anticipated to be announced on November 2, 2023 (Tata Motors has not yet made an official declaration in this respect).

What the market rule recommends

"According to the market rules, if promoter of an upcoming IPO is a listed entity, afterwards in that case the IPO can launched following the two to three weeks of quarter results annoucement provided by the listed promoter," stated Arun Kejriwal, Founder at Kejriwal Research and Investment Services, in reference to the launch of the Tata Technologies IPO. Otherwise, the listed promoter will have to wait two or three weeks for the announcement of its business results if the IPO date is declared. We cannot anticipate Tata Technologies' IPO date of opening in the first two weeks of November 2023, as Tata Motors' Q2 results 2023 are anticipated on November 2, 2023."

Before the IPO, the company raises ₹567 crore from anchor investors in Cello World.

Since Tata Technologies is wholly OFS, Tata Motors is anticipated to get its portion of the net proceeds. The second quarter of the current financial year's results season has started, therefore we may anticipate Tata Technologies' IPO date to be announced after the release of Tata Motors' results. Therefore, the IPO debut is anticipated to occur in the second week of November or later."