Tata Technologies IPO

Tata Technologies IPO will open for subscription from 22 November 2023. The company aims for an issue size of ₹3,042.51 Cr through this IPO.

Company Overview

Full nameTata Technologies Limited
Company Websitehttps://www.tatatechnologies.com/in

About Company

Tata Technologies is a global leader in engineering, digital services, product development, and outsourcing. The company has a diversified global presence across Asia Pacific, Europe, and North America and partners with many of the largest manufacturing enterprises in the world. The company has a diversified global client base and in the nine-month period ended 31 December 2022, it derived 25.76%, 23.94%, 22.27%, and 28.03% of its revenue from operations from clients in India, Europe, North America, and the rest of the world, respectively.

As of 31 December 2022, its clients comprised more than 35 traditional automotive OEMs and tier 1 suppliers, and more than 12 new energy vehicle companies. Tata Technologies has a global workforce of over 11,081 employees, comprising 10,161 full-time employees (FTEs) and 920 contracted employees, serving multiple global clients from 18 global delivery centers. It is a pure-play manufacturing-focused ER&D company, primarily focused on the automotive industry, and is currently engaged with six out of the top 10 automotive ER&D spenders and four out of the 10 prominent new energy ER&D spenders in 2021.

The Objectives of the Issue

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

Tata Technologies IPO Timetable

IPO Opening date22 November 2023
IPO Closing24 November 2023
Basis of Allotment30 November 2023
Initiation Refund01 December 2023
Credit to Demat Account04 December 2023
Listing Date05 December 2023
(Cut-off time for UPI mandate confirmation – 5 PM on November 24, 2023)

Tata Technologies IPO details

Issue typeBook Built Issue IPO
IPO issue size₹3,042.51 Cr – 60,850,278 shares
Fresh IssueNil
Offer for sale₹3,042.51 Cr – 60,850,278 shares
Face value₹2 per share
Price Band₹475 to ₹500 per share
Lot size30 Shares
Shareholder reservation10% – 6,085,027 shares
Shareholding pre-issue405,668,530
Shareholding post-issue405,668,530
Listing ExchangeBSE & NSE

Tata Technologies IPO Lot Size

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 Reservation Details

QIB Shares Offered50%
NII (HNI) Shares Offered15%
Retail Shares Offered35%

Tata Technologies Financial Performance

 FY 2021FY 2022FY 2023H1 FY 2024
Net income239.17436.99624.03351.90
Margin (%)10.0512.3814.1413.93

Tata Technologies Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio
RONW (%)11.1719.1620.87*
ROCE (%)34.0031.00
ROE (%)26.4127.06
EBITDA (%)16.2018.29

Company Promoters

  • Tata Motors Limited

Promoter Holding

Pre Issue Share Holding66.79%
Post Issue Share Holding55.39%

Tata Technologies Lead Manager(s)

  • JM Financial Limited
  • Citigroup Global Markets India Private Limited
  • BofA Securities India Limited

Tata Technologies IPO Registrar

C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai – 400 083, Maharashtra
Telephone: 022 4918 6200
Email: tatatechnologies.ipo@linkintime.co.in
Website: www.linkintime.co.in

Tata Technologies Contact Details

Plot No. 25, Rajiv Gandhi Infotech Park,
Hinjawadi, Pune 411 057, Maharashtra
Phone: +91 20 6652 9090
E-mail: ipo@tatatechnologies.com
Website: www.tatatechnologies.com

Tata Technologies IPO Allotment Status

Tata Technologies IPO allotment status will be available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.

Final thoughts

Tata Technologies IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.

Happy Investing

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