Tata Group IPOs are set to make a significant impact in the coming years. After a 20-year hiatus, the group re-entered the public market with the Tata Technologies IPO. Now, Tata Group plans multiple upcoming IPOs, including a potential ₹7,500-15,000 crore listing for Tata Passenger Electric Mobility, highlighting its expanding business ventures.
Upcoming Tata Group IPOs
Tata Capital IPO
Tata Capital, a principal Tata Group financial services provider, is gearing up for an upcoming IPO in 2023, valued around INR 10,000 crore. With a record INR 2,975 crore profit for FY 2023, it matches Jio Financial Services in scale, though official valuation is pending.
Tata Autocomp Systems IPO:
Tata Autocomp Systems (TACO) is set to start its upcoming IPO later this year. Fully owned by Tata Group companies, with Tata Sons holding a 21% stake, TACO saw a revenue surge from INR 7,133 crore in 2022 to INR 11,170 crore in 2023. The company plans future joint ventures in battery and charging infrastructure.
BigBasket IPO:
BigBasket, a Tata Group company, plans its upcoming IPO within 24 to 36 months, likely in late 2024 or early 2025, according to CFO Vipul Parekh. The company aims to expand its dark stores for rapid delivery and is nearing profitability in its grocery and daily operations.
Tata Passenger Electric Mobility IPO:
Tata Group plans an upcoming IPO for Tata Passenger Electric Mobility Ltd (TPEML) in the next 12–18 months, targeting $1–2 billion, if the EV market remains favorable. The company recently acquired Ford India’s Sanand plant for Rs 725.7 crore, enhancing its EV production capabilities.
Tata Advanced Systems IPO:
Tata Advanced Systems (TASL), a Tata Group subsidiary founded in 2007, is set for an upcoming IPO this year. Specializing in military vehicles, radars, and UAVs, TASL is crucial in global defense supply chains and a key partner for leading aerospace and defense firms.
Tata Play IPO:
Tata Play, a major Indian content distribution platform formerly known as Tata Sky, is preparing for an upcoming IPO this year, having received SEBI approval in May 2023. Serving 21.3 million subscribers, Tata Play faced a net loss of INR 105 crore in FY 2023, down from a profit of INR 68.6 crore in FY 2022. Exact IPO dates are still pending.
Tata Sons IPO:
Tata Sons, the investment holding arm of the Tata Group, is preparing for a major upcoming IPO, expected to be among India’s largest. Designated as an “upper-layer” NBFC by the RBI, Tata Sons must list by September 2025. The company supports over 100 Tata Group enterprises across various sectors.
