Tata Technologies IPO: Tata Technologies Limited IPO Detail

The much-anticipated Tata Technologies IPO is set to hit the market, offering investors an opportunity to be part of a leading global engineering services company. With a rich history and a promising future, Tata Technologies Limited is poised to make waves in the world of engineering and digital solutions. In this blog, we will delve into the details of the Tata Technologies IPO, including its timeline, pricing, financial information, and what investors can expect from this offering.

Also See: Tata Technologies IPO GMP

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Tata Technologies IPO Overview

The Tata Technologies IPO is a book-built issue with a total issue size of Rs 3,042.51 crores. It consists entirely of an offer for sale of 6.09 crore shares. The subscription window for this IPO opens on November 22, 2023, and closes on November 24, 2023. The allotment is expected to be finalized on Thursday, November 30, 2023, and the shares will be listed on both BSE and NSE on Tuesday, December 5, 2023.

Here are some key details at a glance:

ParameterDetails
IPO DateNovember 22, 2023, to November 24, 2023
Basis of AllotmentThursday, November 30, 2023
Listing DateDecember 5, 2023
Face Value₹2 per share
Price Band₹475 to ₹500 per share
Lot Size30 Shares
Total Issue Size60,850,278 shares (aggregating up to ₹3,042.51 Cr)
Offer for Sale60,850,278 shares of ₹2 (aggregating up to ₹3,042.51 Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE
Shareholding Pre-Issue405,668,530
Shareholding Post-Issue405,668,530

Also See: IPO GMP Today Price: All IPO GMP Today

Tata Technologies IPO Reservation

The allocation of shares for the Tata Technologies IPO is as follows:

  • Qualified Institutional Buyers (QIBs): Not more than 50% of the Net Issue
  • Retail Investors: Not less than 35% of the Net Issue
  • Non-Institutional Investors (NII, HNIs): Not less than 15% of the Net Issue

Also Read: Tata Tech Stuns Investors with IPO Price Band at 47% Discount to Unlisted Market Value

Tata Technologies IPO Lot Size

Investors have the flexibility to bid for a minimum of 30 shares and in multiples thereof. Below is a breakdown of the minimum and maximum investment for retail investors and high-net-worth individuals (HNIs):

ApplicationLotsSharesAmount
Retail (Min)130₹15,000
Retail (Max)13390₹195,000
S-HNI (Min)14420₹210,000
S-HNI (Max)661,980₹990,000
B-HNI (Min)672,010₹1,005,000

Tata Technologies IPO Promoter Holding

Tata Motors Limited is the promoter of Tata Technologies Limited. The promoter’s shareholding pre-issue stands at 66.79%, which will reduce to 55.39% post the IPO.

Financial Performance Graphs

Tata Technologies IPO Objectives

The primary objectives of the Tata Technologies IPO are:

  1. Achieve the benefits of listing the Equity Shares on the Stock Exchanges.
  2. Carry out the Offer for Sale of up to 95,708,984 Equity Shares by the Selling Shareholders.

Tata Technologies Financial Performance

Tata Technologies Limited has shown impressive financial growth between the financial year ending March 31, 2022, and March 31, 2023. Its revenue increased by 25.81%, while the profit after tax (PAT) rose by an impressive 42.8%. This robust financial performance indicates the company’s strength and potential for future growth.

About Tata Technologies Limited

Founded in 1994, Tata Technologies Limited is a globally recognized engineering services company. It specializes in offering product development and digital solutions, including turnkey solutions, to global original equipment manufacturers (OEMs) and their tier-1 suppliers. Tata Technologies aims to create value for its customers by assisting in the development of products that are safer, cleaner, and enhance the quality of life for end customers.

With deep domain expertise in the automotive industry, Tata Technologies has expanded its capabilities to serve clients in adjacent industries, such as aerospace, transportation, and heavy construction machinery. The company operates on a global scale, bringing together diverse teams from different parts of the world with varied skill sets to collaborate in real time and solve complex engineering problems.

Tata Technologies IPO Registrar

The registrar for the Tata Technologies IPO is Link Intime India Private Ltd. You can contact them at:

Tata Technologies IPO Lead Managers

The lead managers for the Tata Technologies IPO are:

  1. JM Financial Limited
  2. Citigroup Global Markets India Private Limited
  3. BofA Securities India Limited
Tata Technologies IPO GMP

Conclusion

The Tata Technologies IPO presents an exciting opportunity for investors to become part of a global leader in engineering services and digital solutions. With a strong financial performance, a rich history, and a commitment to innovation, Tata Technologies Limited is well-positioned for future growth and success. Investors looking to participate in this IPO should carefully consider the details, assess their investment goals, and consult with financial experts if necessary. As the IPO subscription window opens, the market eagerly awaits the listing of Tata Technologies shares, which could be a milestone event in the world of engineering and technology.

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