tata motors arm tata technologies on march 10 filed a draft red herring prospectus with market regulator sebi to initiate an initial public offering ipo and raise fundsthe ipo consists of a pure offer for sale ofs of up to 9571 million shares with tata motors offering up to 8113 million shares alpha tc holdings pte offering up to 972 million shares and tata capital growth fund i offering up to 486 million sharescurrently tata motors holds 7469 percent stake in the company while alpha tc holdings pte and tata capital growth fund i hold 726 percent and 363 percent stakes respectively the shares of the company are proposed to be listed on both nse and bsehere is everything you need to know about the public offercompany detailstata technologies is a global product engineering and digital services company and a unit of tata motors the company is a leading global engineering services company offering product development and digital solutions including turnkey solutions to global original equipment manufacturers oems apart from parent tata motors ltd and jaguar land rover the puneheadquartered firm counts airbus se and honda motor co ltd as among its clients tata technologies had 18 global delivery centres in north america europe and asia pacificissue detailsthe issue is completely an offer for sale ofs under which shareholders will offload up to 957 crore equity shares representing 2360 of its paidup share capital the size of the ipo wasnt disclosed tata technologies recent buyback valued the company at rs 16080 crore experts calculated that the offer size could be rs 3800 croreselling shareholderstata technologies parent company tata motors will offload 811 crore shares or a 20 stake in the company alpha tc holdings pte plans to sell up to 9716 lakh shares 240 and tata capital growth fund i would offload up to 4858 lakh equity shares 120objective of ofsthe company will not receive any proceeds of the ofs from the selling shareholders each of them will be entitled to the respective proportion of the proceeds of the ipo after deducting their portion of the offer related expenses and the relevant taxes thereonoffer structure50 of the offer is reserved for qualified institutional buyers qibs 35 of the issue is reserved for retail investors and 15 for noninstitutional investorstata technologies has a paidup share capital of rs 81183 crore and an authorised share capital of rs 350 crorefinancialsin the nine months ended dec 31 2022 revenue rose 1530 to rs 305295 crore even as net profit increased 2282 yearonyear to rs 40746 crore according to the drhpwhat does it mean for tata motors the ipo is expected to receive good response from investors due to the big name tata being attached with the public issue for tata motors tata technologies ipo is going to bring cash flow as they acquired tata technologies shares at rs 740 per share according to brokerage profitmart securities by selling equity stake in tata technologies tata motors will be able to improve its finances and