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 name | Tata Technologies Limited |
| Sector | Miscellaneous |
| Industry | Miscellaneous |
| Company Website | https://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 date | 22 November 2023 |
| IPO Closing | 24 November 2023 |
| Basis of Allotment | 30 November 2023 |
| Initiation Refund | 01 December 2023 |
| Credit to Demat Account | 04 December 2023 |
| Listing Date | 05 December 2023 |
Tata Technologies IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹3,042.51 Cr – 60,850,278 shares |
| Fresh Issue | Nil |
| Offer for sale | ₹3,042.51 Cr – 60,850,278 shares |
| Face value | ₹2 per share |
| Price Band | ₹475 to ₹500 per share |
| Lot size | 30 Shares |
| Shareholder reservation | 10% – 6,085,027 shares |
| Shareholding pre-issue | 405,668,530 |
| Shareholding post-issue | 405,668,530 |
| Listing Exchange | BSE & NSE |
Tata Technologies IPO Lot Size
| 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 |
Tata Technologies IPO Reservation Details
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Tata Technologies Financial Performance
| FY 2021 | FY 2022 | FY 2023 | H1 FY 2024 | |
| Revenue | 2,380.91 | 3,529.58 | 4,414.18 | 2,526.70 |
| Expenses | 2,105.06 | 2,991.53 | 3,705.77 | 2,121.17 |
| Net income | 239.17 | 436.99 | 624.03 | 351.90 |
| Margin (%) | 10.05 | 12.38 | 14.14 | 13.93 |
Tata Technologies Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 5.89 | 10.77 | 15.37 |
| PE ratio | – | – | – |
| RONW (%) | 11.17 | 19.16 | 20.87* |
| NAV | 512.42 | 545.40 | 736.80* |
| ROCE (%) | – | 34.00 | 31.00 |
| ROE (%) | – | 26.41 | 27.06 |
| EBITDA (%) | 16.20 | 18.29 | – |
| Debt/Equity | – | 0.12 | 0.08 |
Company Promoters
- Tata Motors Limited
Promoter Holding
| Pre Issue Share Holding | 66.79% |
| Post Issue Share Holding | 55.39% |
Tata Technologies Lead Manager(s)
- JM Financial Limited
- Citigroup Global Markets India Private Limited
- BofA Securities India Limited
Tata Technologies IPO Registrar
LINK INTIME INDIA PRIVATE LIMITED
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
TATA TECHNOLOGIES LIMITED
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
