In today’s briefing:
- Tata Technologies IPO- Forensic Analysis
Tata Technologies IPO- Forensic Analysis
- Tata Technologies (TATATECH IN) awaited IPO is set to launch for subscription this week.
- The company is one of the largest ER&D player that is based in India with revenues crossing INR 44 bn in F23.
- Balance sheet remains strong and cash rich. There are however, doubts on revenue recognition policy, forex risk and reliance on Tata Group.
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