Traderji.com


Fundamental valuation of TCS IPO

Discuss Fundamental valuation of TCS IPO at the Initial Public Offers (IPO's) within the Traderji.com; Tata Consultancy Services (TCS) has filed the draft prospectus for its much-awaited initial public offering ...


Go Back   Traderji.com > IPO's, MUTUAL FUNDS & ETF's > Initial Public Offers (IPO's)


Initial Public Offers (IPO's) Think you know of an IPO that looks attractive? Or are looking to invest in the latest IPO? Go ahead and make your post in this exclusive IPO forum!


Reply
 
Thread Tools
  #1  
Old 16th June 2004, 02:13 PM
Member
 
Join Date: Mar 2004
Posts: 205
Thanks: 0
Thanked 4 Times in 4 Posts
Neal is on a distinguished road
Default Fundamental valuation of TCS IPO

Tata Consultancy Services (TCS) has filed the draft prospectus for its much-awaited initial public offering (IPO), with the Securities and Exchange Board of India (SEBI). Sources disclosed that the company is looking to go public sometime in July. The total amount which is expected to be raised through the issue is said to be in the range of Rs 6,000 crore -Rs 7,000 crore.

Tata Sons director Inshaat Hussein, though confirmed the filing of the draft prospectus at SEBI refused to divulge anything about the time frame and said that the prospectus is a step towards the IPO and the launch would depend on stock market conditions.

The company’s main promoter, Tata Sons and its group companies like Tata Motor, Tata Power, various Tata Trusts and construction baron Shapoorji Pallonji are expected to dilute their holding in TCS through the book building public issue by offering around 14 percent of its equity shares to local and foreign investors through a book-building issue in the domestic market.

A total of 6.3 crore shares of face value of Rs one will be on sold. Of the 6.3 crore shares, the number of new equity shares is 2.27 crore. Excluding the green-field option of .8 crore, of the 5.54 crore shares on offer, 4.99 crore shares will be offered to retail investors, high net worth investors and qualified institutional buyers. TCS employees are expected to be allotted around 55 lakh shares. The total equity capital of the company consists of 45.5 crore shares, which would be increased to 47.83 crore post IPO.

TCS is expected to cross Rs 7,000 crore mark in 2003-04. The post-issue valuation of the company could be around $10 billion. The exact valuation would depend on the final pricing. It is also expected that TCS is likely to be de-merged and corporatized as an independent entity contingent upon the IPO. The Bombay High Court has already approved the scheme of arrangement between Tata Sons and TCS, which will result in transfer of the division to Orchid Prints that has been renamed as TCS Ltd.

The IPO would provide an opportunity for Tata Sons and its shareholders to realize the value of their holdings through the sale of their shares after TCS gets listed. DSP Merrill Lynch, JM Morgan Stanley, JP Morgan, and Kotak Mahindra Capital Company are likely to be the lead-managers for the IPO.


Advertisements

Reply With Quote
Advertisements
  #2  
Old 19th July 2004, 07:19 PM
Member
 
Join Date: Mar 2004
Posts: 205
Thanks: 0
Thanked 4 Times in 4 Posts
Neal is on a distinguished road
Default TCS IPO in Rs 775-900 price band

TCS IPO in Rs 775-900 price band

July 19, 2004 18:08 IST


Tata Consultancy Services' initial public offer will open on July 29 with a price band of Rs 775 to Rs 900 per share of a face value of Re 1, informed sources said.

TCS vice president (corporate communication), Atul Takle told PTI from Mumbai: "We have filed with the Registrar of Companies... and the price band for the IPO is Rs 775 to Rs 900."

He, however, did not comment on the launch date of the IPO, the biggest public issue in the private corporate sector that could help Tatas mop up about Rs 5,000 crore (Rs 50 billion).

The roadshows for the issue would commence from July 21 and the Tatas' team for these promotional shows could include Tata supremo Ratan Tata and TCS chairman S Ramadurai.

Sources associated with the IPO process told PTI that there would be as many as 24 roadshows for the issue commencing on July 29, which coincides with the 100th birth anniversary of J R D Tata.

TCS will offer 5.54 crore (55.4 million) equity shares of Re 1 each, including a fresh issue of 2.27 crore shares, in its initial public offering through a book building route.

Advertisements

Reply With Quote
Reply

Bookmarks


Advertise Here


Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads for: Fundamental valuation of TCS IPO
Thread Thread Starter Forum Replies Last Post
What is Fundamental Analysis Mohan Fundamental Analysis 121 24th November 2016 06:48 PM
LIC may come out with IPO soon TATrader Initial Public Offers (IPO's) 4 22nd June 2005 09:17 AM
List of new IPO TATrader Initial Public Offers (IPO's) 0 13th March 2005 08:15 PM
Jet IPO subscribed 18.7 times TATrader Initial Public Offers (IPO's) 4 7th March 2005 05:20 PM
Indoco Remedies IPO TATrader Initial Public Offers (IPO's) 0 26th November 2004 03:59 PM


All times are GMT +5.5. The time now is 12:21 PM.

Indemnity, Disclaimer & Disclosure Notice:
• By visiting Traderji.com you automatically indicate that you agree to our Forum Rules, Indemnity, Disclaimer & Disclosure Notice and General Content Disclaimer Notice and indemnify Traderji.com, its associates and related parties of all claims howsoever resulting from the usage of the forum/site.
Disclaimer: Trading or investing in stocks & commodities is a high risk activity. Any action you choose to take in the markets is totally your own responsibility. You are recommended to make appropriate enquiries and seek appropriate advise before sending money, incurring any expenses, acting on recommendations or entering into any commitment in relation to any advertisement published here. Traderji.com does not vouch for any claims made by the advertisers of products and services. Traderji.com will not be held liable for any consequences in the event such claims are not honoured by the advertisers. Traderji.com will not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of any information by anybody mentioned anywhere on this site.
Disclosure: The information in this forum is neither an offer to sell nor solicitation to buy any of the securities mentioned herein. The writers may or may not be trading in the securities mentioned.
• All names or products mentioned are trademarks or registered trademarks of their respective owners.
General Content Disclaimer Notice:
In light of our policy of encouraging candid, open exchanges of views and the rapid distribution of information originating from many sources, Traderji.com cannot determine the accuracy or legality of any information that may be uploaded to the forum. Opinions, advice and all other information expressed by participants in discussions are those of the author. You rely on such information at your own risk. You are urged to seek professional advice for specific, individual situations and not rely solely on advice or opinions given in the discussions. Since Traderji.com is an open and free discussion forum, any comments made by members of this forum in their posts reflect their own views and not of the owner or administrator of Traderji.com. Thus the owner/administrator indemnify themselves of all claims whatsoever and will not be liable or responsible for any members comments/views in this forum Traderji.com. Although we constantly delete all irrelevant content and/or SPAM, if you should find any objectionable or offensive posts made by members of this forum which you would like to bring to our notice for removal then please Contact Us.
 


Copyright © www.Traderji.com 2001 - , All rights reserved.

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70