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NEW TATA IPO: If you are waiting to bet in Tata IPO then this news is for you. In fact, Tata Group-owned online grocery company ‘Big Basket’ is considering launching its initial public offering (IPO) in 2025 after turning profitable.
A top official of the company gave this information on Tuesday. Let us tell you that Big Basket is a Tata Digital company. In 2021, Tata Digital acquired more than 64 percent stake in Big Basket after the exit of investors like Alibaba and Actis.
What the company’s founder said: Hari Menon, co-founder and chief executive of Big Basket, said that the Bengaluru-based company will become profitable in the next 6-8 months. The company’s new offering ‘BB Now’ segment will start making money. When he was asked about the IPO plans, he said that probably we will bring it in the year 2025. But we are leaving it to Tata, there can be no one better than him to guide us and advise us on this.
Tata’s last IPO came last year
The IPO of Tata company Tata Technologies came in November 2023. This IPO was listed on BSE and NSE on 30 November. This share of Tata Group was listed on BSE at Rs 1199.95 with a premium of 140%. At the same time, the company’s shares were listed on NSE at Rs 1,200 with a premium of 140%. The price band of this IPO was fixed at Rs 475-500.
Let us tell you that after 18 years, a company of Tata Group was listed in the stock market. Earlier in 2004, shares of Tata Consultancy Services (TCS) were listed. The IPO was an offer for sale (OFS) of 6.09 crore equity shares entirely by the promoter and investors. The OFS comprised 60,850,278 shares, which included sale of up to 46,275,000 shares by promoter Tata Motors Ltd.
