Tata Motors is a well-known brand in India’s vehicle manufacturing industry. The rising demand for electric vehicles is encouraging Tata’s electric vehicle company Tata Passenger Electric Mobility Limited (TPEML). As per the news, Tata Group is planning to bring TPEML IPO in FY2025-26. This Initial Public Offering is going to be launched soon 12 to 18 months from now. Let’s unveil all the facts and details below regarding this Initial Public Offer.
Through this TPEML IPO, the company is planning to raise $1-2 billion in funding. TPEML is a subsidiary of Tata Motors which works in electric vehicles. TPEML is the prime brain behind the prominent EV models of Tata Motors such as Nexon EV and Tiago EV. Tata Group’s aim behind this public listing is to monetize its investment amid a massive rise in the EV sector.
Now unveiling TPEML IPO details, there are some important things to discuss here. TPEML IPO issue size is $1-2 billion. This IPO may launch in the FY25-26. The official IPO date is yet to be announced by the company and probably it will be announced after the DRHP approval. Currently, the IPO is expected to be open after 12 or 18 months.
Tata Passenger Electric Vehicle Limited looks like a company with strong futuristic goals. It is a big player in the EV manufacturing sector and has good financial stability because being a subsidiary of Tata Motors. In this IPO, Tata Motors may bring OFS as well, however, there are no announcements regarding the offer for sale. Stay tuned to our website Industrial Front and read more latest business news related to various industries in India.