Tata Technologies Ltd, a subsidiary of Tata Motors Ltd, on March 10, 2023 filed a draft red herring prospectus with market regulator Sebi for the launch of its initial public offering (IPO). Ever since then market observers, Tata Motors shareholders and investors are eagerly waiting for the IPO to open for subscription. As mentioned in Tata Technologies DRHP, Tata Motors has bought Tata Technologies shares paying Rs. 7.40 per share price and as per the market expectations, market capital of Tata Technologies is expected to be around Rs. 18000 to Rs. 20000 crore, which means one share of Tata Technologies would cost around Rs. 500 apiece, a report by Live Mint stated.