Tata… Hello! Group Back at
Tata group is gearing up to unveil several public issues in the next two to three years, after a hiatus marked by just one initial public offering (IPO) in the past two decades.
Stay updated with breaking news from Tata Technologies. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Tata group is gearing up to unveil several public issues in the next two to three years, after a hiatus marked by just one initial public offering (IPO) in the past two decades.
The recent sale of a 0.65% stake in the group's flagship TCS to raise Rs 9,300 crore, the report claims, could be pointing to this pivot.
After Tata Tech IPO became a hit, Tata Group is revving up for a public listing spree. Up to 8 companies, including BigBasket and Tata Electric Vehicles, could hit the stock market in the next few years to fuel growth and unlock value.
Equity fundraising through initial public offerings (IPOs) rose 20 per cent during the financial year 2023-24 (FY24). During the period, 76 Indian corporates raised Rs 61,915 crore through main board IPOs, compared to Rs 52,116 crore mobilised by 37 IPOs in 2022-23, as disclosed by PRIME Database. However, if one excludes the mega Life Insurance Corporation (LIC) IPO, which came out in 2022-23, IPO mobilisation increased by 58 per cent from last year.
Overall public equity fund-raising increased by a huge 142% to Rs1.86 lakh crore in 2023-24 from Rs76,911 crore in 2022-23.