Tata Takes Over! 5 Hot IPOs to Watch in 2024

Tata Autocomp Systems, also known as TACO, is a fully-owned subsidiary of the Tata Group. Established in 1995, TACO operates as the vehicle for the group's ventures in the auto components business. The company is expected to raise Rs 750 crore through its IPO. The formal process for its IPO is expected to begin later this year.

TACO has been a significant player in India's auto components industry for over two decades. With a diverse product portfolio that includes interior and exterior plastic components, composites, sheet metal components, and more, TACO has been a trusted supplier for many of India's leading automobile manufacturers. The company's upcoming IPO is a reflection of its strong market position and consistent growth. The funds raised through the IPO will be used to further expand its operations, invest in new technologies, and strengthen its position in the market.

Tata Advanced Systems Limited (TASL) is a wholly-owned subsidiary of Tata Sons. Founded in 2007, TASL serves as the strategic Aerospace and Defence arm of the Tata Group. It offers services in aerostructures & aero-engines, airborne platforms & systems, defence & security, and land mobility. The details about its IPO are yet to be announced.

TASL has been at the forefront of the aerospace and defence industry in India, providing cutting-edge solutions and services. The company has partnerships with global leaders in the industry, contributing to the development of the defence sector in India. The upcoming IPO is expected to provide TASL with the necessary funds to invest in new technologies and expand its operations.

Tata Sons, the parent company of the Tata Group, is preparing for a mega IPO. After being classified as an 'upper-layer' Non-Banking Financial Company (NBFC) by the Reserve Bank of India (RBI) last year, Tata Sons needs to go for share listing on or before September 2025. With an estimated valuation of 11 lakh crore rupees, the company intends to offer 5% of its shares as part of the IPO.

The IPO of Tata Sons is one of the most anticipated events in the Indian stock market. As the holding company of the Tata Group, Tata Sons has a diverse portfolio of businesses ranging from IT services to consumer goods. The IPO is expected to attract significant interest from investors.

Tata Play, formerly known as Tata Sky, is set to go public with its IPO expected this year. It is one of India’s leading content distribution platforms providing Pay TV and OTT services. As of March 2023, Tata Play serves 21.3 million subscribers which is 32.65% of total DTH users in India. The company is aiming to mobilize around INR 2,000-2,500 crore by way of a sale of shares by existing investors including Singapore’s Temasek Holdings, Tata Opportunities Fund, and Walt Disney.

Tata Play has been a pioneer in the DTH industry in India, offering a wide range of channels and services to its subscribers. The company's IPO is expected to provide it with the necessary funds to invest in new technologies and expand its services.

Bigbasket, an online grocery platform owned by the Tata Group, is expected to launch its IPO in the second half of 2024 or early 2025. This was revealed by Bigbasket's Chief Financial Officer Vipul Parekh in December 2022. The company is seeking to raise around $1 billion through the IPO, which would value the company at around $5 billion.

Bigbasket has revolutionized the grocery shopping experience in India with its online platform. The company offers a wide range of products, convenient delivery options, and competitive prices. The upcoming IPO is expected to provide Bigbasket with the necessary funds to expand its operations and invest in new technologies.