Investors are setting their sights on the forthcoming initial public offering (IPO) of Tata Technologies, as announced on Thursday. The IPO will be managed by BofA Securities India, JM Financial, and Citigroup Global Markets India.

The company’s stakeholders, including Tata Motors (NYSE:TTM), Alpha TC Holdings, and Tata Capital Growth Fund I, have planned share disposals as part of the process. Analysts of Dalal Street endorsed the IPO earlier this week. They drew parallels between this IPO and the prosperous Tata Consultancy Services (NS:TCS) IPO previously launched by the Tata Group.

Tata Technologies, unlike its counterpart Tata Elxsi, is known for its specialization in product development and digital solutions. This focus has caught the attention of investors, who are keen on the upcoming IPO.

In an effort to ensure a broad distribution of shares, allocations have been set aside for different categories of investors. These include qualified institutional bidders and retail investors. Notably, there are also special provisions dedicated specifically for Tata Motors shareholders.

This move is seen as a strategic step by Tata Technologies to engage its existing shareholder base while attracting new investors to fuel its growth in the technology sector.