Tata Technologies IPO Price: ₹475 - ₹500
IPO Date Range: Nov 22, 2023 - Nov 24, 2023
Established on August 22, 1994, Tata Technologies Limited emerged under the patronage of Tata Motors Ltd. Renowned as a premier global engineering services firm, Tata Technologies specializes in providing comprehensive product development and digital solutions, catering to the needs of international OEMs and their Tier-1 suppliers.
They provide comprehensive product development and digital solutions, offering turnkey services to global original equipment manufacturers (OEMs) and their tier-1 suppliers.
Tata Technologies aims to generate value for their customers by aiding in the creation of safer, cleaner products that enhance the quality of life for end-users.
Leveraging their extensive domain knowledge in the automotive sector, they've cultivated profound expertise, extending their services to adjacent industries like aerospace, transportation, and heavy construction machinery.
Tata Technologies stands as the 15th largest IT company in the Fortune India Infotech Industry ranking. Operating across 25 countries, they boast a workforce of over 11,000 employees, with approximately 4,000 professionals worldwide. While the company is headquartered in Pune, its regional headquarters are located in the USA.
| IPO Date | November 22, 2023 to November 24, 2023 |
| Listing Date | Tuesday, December 5, 2023 |
| Face Value | ₹2 per share |
| Price Band | ₹475 to ₹500 per share |
| Lot Size | 30 shares |
| Total Issue Size | 60,850,278 shares (aggregating up to ₹3,042.51 Cr) |
| Offer For Sale | 60,850,278 shares (aggregating up to ₹3,042.51 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 405,668,530 |
| Share holding post issue | 405,668,530 |
Investors have the option to bid for a minimum of 30 shares and in multiples of this number. The table below outlines the minimum and maximum investments, both in terms of shares and amounts, for retail and high-net-worth individuals (HNIs).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 30 | ₹15,000 |
| Retail (Max) | 13 | 390 | ₹195,000 |
| S-HNI (Min) | 14 | 420 | ₹210,000 |
| S-HNI (Max) | 66 | 1,980 | ₹990,000 |
| B-HNI (Min) | 67 | 2,010 | ₹1,005,000 |
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
| IPO Open Date | Wednesday, November 22, 2023 |
| IPO Close Date | Friday, November 24, 2023 |
| Basis of Allotment | Thursday, November 30, 2023 |
| Initiation of Refunds | Friday, December 1, 2023 |
| Credit of Shares to Demat | Monday, December 4, 2023 |
| Listing Date | Tuesday, December 5, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 24, 2023 |
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Tata Technologies Limited witnessed a 25.81% surge in revenue, while its profit after tax (PAT) experienced a substantial 42.8% growth between the financial years ending March 31, 2023, and March 31, 2022.
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 | 30 Sept 2023 |
|---|---|---|---|---|
| Assets | 3572.74 | 4218 | 5201.49 | 5142.42 |
| Revenue | 2425.74 | 3578.38 | 4501.93 | 2587.42 |
| Profit After Tax | 239.17 | 436.99 | 624.04 | 351.90 |
| Net Worth | 2142.15 | 2280.16 | 2989.47 | 2853.13 |
| Reserves & Surplus | 1897.46 | 2028.93 | 2605.60 | 2455.29 |
| KPI | Values |
|---|---|
| P/E (x) | 32.53 |
| Market Cap (Rs Cr.) | 20,283.43 |
| EPS (Rs) | 15.37 |
| RoNW | 20.87% |
The objectives of the Offer include:
Prospectus: Official documents that provide detailed information about the IPO and the company. Tata Technologies IPO DRHP and Tata Technologies IPO RHP.
An IPO, or Initial Public Offering, is the process by which a private company offers its shares to the public for the first time to raise capital.
Companies go public to raise capital for expansion, reduce debt, or for other corporate purposes. It also provides liquidity to existing shareholders.
The price range for the"Tata Technologies Limited" IPO is ₹ 475 to ₹ 500 per share.
The "Tata Technologies Limited" IPO is expected to be listed on Tuesday, 5 December 2023.
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