The valuations of Tata Technologies IPO appear to be around 27x 1 year forward, which is cheaper than the comparable listed companies, says Dhananjay Sinha.
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The much-awaited Tata Technologies IPO will open for subscription on November 22, with a price band of Rs 475-500 per share. It is planning to raise Rs 3,042.51 crore via issue of over six crore equity shares at the upper price band.
The complacency of lenders with respect to a potential surge in delinquencies, where households are funding ordinary consumption using retail loans and possibly being used for trading in the financial markets may be bothering the RBI as they pose a systemic risk for financial stability.