Here we are going to focus on Tata Technologies Limited IPO.
About Tata Technologies Limited
Tata Technologies Limited, a prominent international provider of engineering services, was founded in 1994. They provide digital solutions and product development. Turnkey solutions for international original equipment manufacturers (OEMs) and their tier-1 suppliers are included in this.
By helping them develop products that are safer, cleaner, and enhance end users’ quality of life, Tata Technologies hopes to add value for its clients.
Due to their extensive domain knowledge in the automotive sector, they are also well qualified to assist clients in related industries including heavy construction equipment, transportation, and aerospace.
Tata Technologies Limited operates on a worldwide scale. They assemble heterogeneous teams with a range of skill sets from all over the world to work together.
About IPO details :
The Rs 3,042.51 crore Tata Technologies IPO is a book-built offering. The entire purpose of the issuance is to sell 6.09 crore shares.
November 22, 2023 is when the Tata Technologies IPO subscription starts and ends on November 24, 2023. On Thursday, November 30, 2023, the allotment for the Tata Technologies IPO is anticipated to be completed. The proposed listing date for the Tata Technologies initial public offering (IPO) is Tuesday, December 5, 2023, on the BSE and NSE.
The pricing range for Tata Technologies’ IPO is ₹475 to ₹500 per share. An application must have a minimum lot size of thirty shares. Retail investors are obliged to invest a minimum of ₹15,000. For sNII, a minimum lot size investment of 14 lots (420 shares) of ₹210,000 is required.
Refer to Tata Technologies IPO RHP for detailed information.
Objects of the Issue (Tata Technologies IPO Objectives)
The objects of the Offer are:
- Achieve the benefits of listing the Equity Shares on the Stock Exchanges;
Tata Technologies IPO Details
| IPO Date | November 22, 2023 to November 24, 2023 |
| Listing Date | [.] |
| 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 of ₹2 (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 |
Tata Technologies IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB | Not more than 50% of the Net Issue |
| Retail | Not less than 35% of the Net Issue |
| NII (HNI) | Not less than 15% of the Net Issue |
Tata Technologies Limited Financial Information (Restated Consolidated)
Tata Technologies Limited’s revenue increased by 25.81% and profit after tax (PAT) rose by 42.8% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 5,142.42 | 5,201.49 | 4,218.00 | 3,572.74 |
| Revenue | 2,587.42 | 4,501.93 | 3,578.38 | 2,425.74 |
| Profit After Tax | 351.90 | 624.04 | 436.99 | 239.17 |
| Net Worth | 2,853.13 | 2,989.47 | 2,280.16 | 2,142.15 |
| Reserves and Surplus | 2,455.29 | 2,605.60 | 2,028.93 | 1,897.46 |
| Total Borrowing | ||||
| Amount in ₹ Crore | ||||
Tata Technologies Limited
Plot No. 25,
Rajiv Gandhi Infotech Park Hinjawadi,
Pune 411 057
Phone: +91 20 6652 9090
Email: ipo@tatatechnologies.com
Website: http://www.tatatechnologies.com/
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