Tata Group, one of the country's largest business houses, may soon launch an IPO worth Rs 55,000 crore. This will be many times bigger than the IPOs of Rs 21,000 crore of LIC and Rs 18,300 crore of Paytm that have come so far in the country. Due to a decision of the Reserve Bank of India (RBI), Tata Group is now considering launching this IPO.
In 2018, when a big investment company like IL&FS failed, RBI made some strict rules for non-banking finance companies (NBFCs) in 2021. Due to this, Tata Sons, the holding company of Tata Group, was notified as 'Upper Layer NBFC'. He was given time for listing till September 2022, which was later extended.
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Deadline for listing till September 2025
Due to RBI classifying Tata Sons as an upper layer NBFC, it will now have to list itself in the stock market by September 2025. In this way it will automatically come under the purview of many stock market listing rules.
The market valuation of Tata Sons is around Rs 11 lakh crore. In such a situation, if the company gets listed in the stock market through IPO and even makes public only 5 percent stake, still this IPO will be worth Rs 55,000 crore, which will be the biggest IPO in the country till date.
Does the company have any option?
RBI has also placed Tata Capital Financial Services of Tata Group in 'Upper Layer NBFC'. A total of 15 companies have been selected in such a country. If Tata Sons is listed in the stock exchange, then Tata Group will not have to list Tata Capital Financial Services. Then it will be a part of Tata Sons only. At the same time, Tata Group is moving towards becoming 'listing-ready' by merging this company with another company Tata Capital.
However, Tata Group still has a lot of time for the listing of Tata Sons. In such a situation, she can consider many more options. If Tata Group wants, it can restructure Tata Sons, so that it comes out of the 'Upper Layer NBFC' list of RBI, and there is no need to get it listed.
These companies are upper-layer NBFCs
Apart from Tata Sons, RBI's upper layer NBFC list includes LIC Housing Finance Limited, Bajaj Finance Limited, Shriram Finance Limited, L&T Finance Limited, Piramal Capital and Housing Finance Limited, Cholamandalam Investment and Finance Company, Indiabulls Housing Finance, Mahindra & Mahindra Financial Services. , Tata Capital Finance Services, PNB Housing Finance Limited, HDB Financial Services, Aditya Birla Finance Limited, Muthoot Finance Limited and Bajaj Housing Finance.
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