Tata Technologies Ltd IPO comming soon

Tata Technologies Ltd is planning to launch an Initial Public Offering (IPO) on the Bombay Stock Exchange and National Stock Exchange soon. As per reports, the IPO aims to raise up to Rs 3,500 crore. The company has appointed ICICI Securities, Jefferies India Private Ltd, IDFC Bank, and IDBI Capital as its book-runninglead manager for the issue. The proceeds from the issue will be used for capital expenditure and repaying the company’s debt. It is expected that the IPO will see good investor response as Tata Technologies is well established in different countries, and its business model is considered as one of the most reliable ones in the automotive industry.