2024-03-08 08:45:50
New Delhi: The murmur of listing of Tata Sons, the holding company of Tata Group, the country’s largest industrial house, has intensified. The combined market cap of the listed companies of Tata Group is around Rs 30 lakh crore. According to a report, based on the current market cap of the group companies, the valuation of Tata Sons could be Rs 7 to 8 lakh crore. The market value of Tata Sons’ listed investments is around Rs 16 lakh crore. Unlisted investments and step-down subsidiaries like Tata Technologies, Tata Metaliks and Rallis could be valued at Rs 1 to Rs 1.5 lakh crore, according to a report by investment banking firm Spark MWM. The question is, who will benefit most from Tata Sons’ mega IPO? Experts believe that the investors of Tata Chemicals will benefit the most from this. Investors have already started betting on Tata Chemicals. On Tuesday, the company’s shares rose by eight percent to Rs 1,084.80 on BSE. Last year, Tata Sons was classified as an upper-layer NBFC. According to the rules, the company is required to be listed on the stock exchange by September 2025. Last year there was news that the value of Tata Sons could be Rs 11 lakh crore. If the company sells five percent stake, its IPO size could be around Rs 55,000 crore. This could be the biggest IPO in the country so far. LIC’s IPO in 2022 was worth Rs 21,000 crore.
There is a rush to buy this share of Ratan Tata, the stock reached record high, giving huge returns.
whose share is how much?
Dorabji Tata Trust holds 28 percent stake and Tata Trust 24 percent stake in Tata Sons. Tata Motors and Tata Chemicals have about three percent stake in it, while Tata Power has two percent and Indian Hotels has one percent. As per Spark Capital’s calculations, the value of Tata Chemicals’ three per cent stake in Tata Sons is around Rs 19,850 crore, which is around 80 per cent of the company’s market value. According to RBI rules, not only Tata Sons but also Tata Capital Financial Services is required to be listed by September 2025.
Meanwhile, on one hand, the shares of Tata Investment Corporation, the holding company of Tata Group, are seeing a lot of growth. In the first two months of this year, it has increased by 100 percent whereas in the last one year it has increased by 335 percent. Stocks like Trent and Tata Motors have gained 100 per cent in the last one year. The combined market cap of Tata Group’s listed companies is more than Rs 30 lakh crore, which is more than the entire economy of Pakistan.