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India's leading Tata Group is known for giving good returns to its shareholders. Now there is news that IPO of 5 different companies of Tata Group is going to come.
If you are interested in Tata Group shares then this is good news for you. That Tata Group is likely to launch 5 IPOs this year.
Tata Technologies was the Tata Group's first IPO listing in 19 years. It made its blockbuster debut in November last year. The company gave returns of almost 140% in a single day and was listed at Rs 1,200 against the issue price of Rs 500.
Earlier in 2004, Tata Group had launched the IPO of TCS. Tata Group recently released a teaser, saying it will list five unlisted companies on Indian stock exchanges in 2024.
Tata Sons
Tata Sons is the non-banking financial arm of the Tata Group. The non-banking finance company of the Tata group is classified as an upper tier NBFC and is expected to go public within three years.
Due to this, Tata Sons is going to be listed in the stock exchange by September 2025. This could potentially be one of the biggest IPOs in the history of the Indian stock market.
Tata Autocomp
The next big IPO of Tata Group could be Tata Autocomp Systems. The company is wholly owned by Tata group entities, with Tata Sons holding approximately 21% and Tata Industries holding the remaining stake. Tata Autocomp manufactures interior plastics and composites, batteries, EV powertrains, EV battery energy storage systems and engine cooling systems, among other areas. However, Tata Autocomp may opt for a direct listing instead of the regular IPO route.
As far as Big Basket
The matter is that BigBasket can launch its IPO, the company is on the verge of becoming profitable. The company is an Indian online grocery store. It is headquartered in Bangalore and owned by Tata Digital. This is India's first online grocery store. The company is looking to expand its offline reach and its grocery delivery business has become profitable. The company may launch its IPO in early 2025.
Tata Advanced Systems
Tata Advanced Systems is an aircraft-parts manufacturer and produces cargo and bulk cargo doors for European aircraft manufacturer Airbus's A320neo aircraft. A wholly owned subsidiary of Tata Sons, the company primarily focuses on aerospace and defense manufacturing. Since its inception in 2007, Tata Advanced Systems has become the first private manufacturer of military aircraft to be manufactured in India. 2024 would be a good time for Tata Advanced Systems to launch its IPO.
tata play
Tata Play is a leading player in the direct-to-home business. The company was earlier known as Tata Sky. Tata Play became the first company to confidentially pre-file its draft red herring prospectus with the Indian market regulator in November 2022. Tata Sons holds 41.5% stake in the company.