TATA TECHNOLOGY IPO Review

Tata Technologies Limited (TTL), a part of the Tata Group, is gearing up for its inaugural IPO, stirring up excitement among investors. The company, specializing in Engineering Research & Development (ER&D), has shown consistent growth, boasting impressive financial figures in recent years. It appears TTL aims to facilitate some existing stakeholders to exit rather than seeking funds for itself. TTL's financial performance is robust, with substantial profits and a hefty dividend payout of 615% for FY23. Over the past few years, its profits have been on an upward trajectory, hitting Rs. 624.04 crore in FY23. If you're considering investment opportunities, keep a close watch on this one.