Tata Technologies Limited IPO (Tata Technologies IPO) Details
Tata Technologies IPO is a book built issue of Rs 3,042.51 crores. The issue is entirely an offer for sale of 6.09 crore shares.
Tata Technologies IPO bidding started from November 22, 2023 and ended on November 24, 2023. The allotment for the Tata Technologies IPO is expected to be finalized on Thursday, November 30, 2023. Tata Technologies IPO will list on BSE, NSE with tentative listing date fixed as Tuesday, December 5, 2023.
Tata Technologies IPO price band is set at ₹475 to ₹500 per share. The minimum lot size for an application is 30 Shares. The minimum amount of investment required by retail investors is ₹15,000. The minimum lot size investment for sNII is 14 lots (420 shares), amounting to ₹210,000, and for bNII, it is 67 lots (2,010 shares), amounting to ₹1,005,000.
Jm Financial Limited, Citigroup Global Markets India Private Limited and Bofa Securities India Limited are the book running lead managers of the Tata Technologies IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Tata Technologies IPO RHP for detailed information.
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
Tata Technologies IPO offers 60,850,278 shares. 10,547,382 (17.33%) to QIB, 7,910,537 (13.00%) to NII, 18,457,919 (30.33%) to RII, 2,028,342 (3.33%) to employees and 15,821,071 (26.00%) to Anchor investors. 615,263 RIIs will receive minimum 30 shares and 6,278 (sNII) and 12,556 (bNII) will receive minimum 420 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 15,821,071 (26.00%) | NA |
| QIB Shares Offered | 10,547,382 (17.33%) | NA |
| NII (HNI) Shares Offered | 7,910,537 (13.00%) | |
| bNII > ₹10L | 5,273,691 (8.67%) | 12,556 |
| sNII < ₹10L | 2,636,846 (4.33%) | 6,278 |
| Retail Shares Offered | 18,457,919 (30.33%) | 615,263 |
| Employee Shares Offered | 2,028,342 (3.33%) | NA |
| Other Shares Offered | 6,085,027 (10.00%) | NA |
| Total Shares Offered | 60,850,278 (100%) |
Tata Technologies IPO Anchor Investors Details
Tata Technologies IPO raises Rs 791.05 crore from anchor investors. Tata Technologies IPO Anchor bid date is November 21, 2023. Tata Technologies IPO Anchor Investors list
| Bid Date | November 21, 2023 |
| Shares Offered | 15,821,071 |
| Anchor Portion Size (In Cr.) | 791.05 |
| Anchor lock-in period end date for 50% shares (30 Days) | January 12, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | April 5, 2024 |
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Tata Technologies IPO Timeline (Tentative Schedule)
Tata Technologies IPO opens on November 22, 2023, and closes on November 24, 2023.
| 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 |
Tata Technologies IPO Lot Size
Investors can bid for a minimum of 30 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| 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 Promoter Holding
Tata Motors Limited is the Promoter of the company.
| Share Holding Pre Issue | 66.79% |
| Share Holding Post Issue | 55.39% |
About Tata Technologies Limited
Incorporated in 1994, Tata Technologies Limited is a global engineering services company. They offer product development and digital solutions. This includes turnkey solutions, to global original equipment manufacturers (OEMs) and their tier-1 suppliers.
Tata Technologies aims to provide value for their customers by assisting them in the development of products that are safer, and cleaner and improve the quality of life for the end customers.
With their deep domain expertise in the automotive industry, they have gained high expertise to serve clients in adjacent industries, such as aerospace and transportation and heavy construction machinery.
The operation of Tata Technologies Limited is spread globally. They bring together diverse teams from different parts of the world with varied skill sets to collaborate in real-time and solve complex engineering problems.
The competitive strength of the company lies in the following:
- With over 11,000 employees, the company has established a global presence across 27 countries.
- The revenue has grown at a compound annual growth rate (CAGR) of 30% between the financial years of 2021 and 2023.
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 | ||||
Key Performance Indicator
Tata Technologies IPO Market Cap is Rs 20283.43 Cr and P/E (x) is 32.53.
| KPI | Values |
|---|---|
| P/E (x) | 32.53 |
| Post P/E (x) | 28.82 |
| Market Cap (₹ Cr.) | 20283.43 |
| EPS (Rs) | 15.37 |
| RoNW | 20.87% |
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;
- Carry out the Offer for Sale of up to 95,708,984 Equity Shares by the Selling Shareholders.
Tata Technologies IPO Prospectus
Tata Technologies Limited Contact Details
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/
Tata Technologies IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: tatatechnologies.ipo@linkintime.co.in
Website: https://linkintime.co.in/mipo/ipoallotment.html
Tata Technologies IPO FAQs
Tata Technologies IPO is a main-board IPO of 60,850,278 equity shares of the face value of ₹2 aggregating up to ₹3,042.51 Crores. The issue is priced at ₹475 to ₹500 per share. The minimum order quantity is 30 Shares.
The IPO opens on November 22, 2023, and closes on November 24, 2023.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Tata Technologies IPO opens on November 22, 2023 and closes on November 24, 2023.
Tata Technologies IPO lot size is 30 Shares, and the minimum amount required is ₹15,000.
The finalization of Basis of Allotment for Tata Technologies IPO will be done on Thursday, November 30, 2023, and the allotted shares will be credited to your demat account by Monday, December 4, 2023. Check the Tata Technologies IPO allotment status.
Tata Technologies IPO GMP
Tata Technologies IPO last GMP is ₹396, last updated Nov 25th 2023 04:02 PM. With the price band of 500.00, Tata Technologies IPO's estimated listing price is ₹896 (cap price + today's GMP).The expected percentage gain/loss per share is 79.20%.>> Tata Technologies IPO Retail Subject to Sauda: ₹9000>> Tata Technologies IPO Small HNI Subject to Sauda: ₹126000
We update GMP on a daily basis and based on last 40 sessions grey market activities, today IPO GMP trending upward and expects a strong listing. The lowest GMP is ₹240, while the highest GMP is ₹414. Stay with us to know the daily price trend of Tata Technologies IPO GMP with expected listing price.
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Tata Technologies Day-wise IPO GMP Trend
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Estimated Listing Price | Last Updated |
|---|---|---|---|---|---|
| 25-11-2023 | 500.00 | ₹396  | 9000/126000 | ₹896 (79.2%) | 25-Nov-2023 16:02 |
| 24-11-2023 Close | 500.00 | ₹414  | 9400/131600 | ₹914 (82.8%) | 24-Nov-2023 23:24 |
| 23-11-2023 | 500.00 | ₹403 | 9200/128800 | ₹903 (80.6%) | 23-Nov-2023 23:28 |
| 22-11-2023 Open | 500.00 | ₹395 | 9000/126000 | ₹895 (79%) | 22-Nov-2023 23:31 |
| 21-11-2023 | 500.00 | ₹355 | 8100/113400 | ₹855 (71%) | 21-Nov-2023 23:31 |
| 20-11-2023 | 500.00 | ₹350  | 8000/112000 | ₹850 (70%) | 20-Nov-2023 23:26 |
| 19-11-2023 | 500.00 | ₹350 | 8000/112000 | ₹850 (70%) | 19-Nov-2023 23:24 |
| 18-11-2023 | 500.00 | ₹350 | 8000/112000 | ₹850 (70%) | 18-Nov-2023 23:28 |
| 17-11-2023 | 500.00 | ₹354 | 8100/113400 | ₹854 (70.8%) | 17-Nov-2023 23:32 |
| 16-11-2023 | 500.00 | ₹370 | 8400/117600 | ₹870 (74%) | 16-Nov-2023 23:31 |
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FAQs
The Current GMP of Tata Technologies IPO is ₹396 . The Tata Technologies IPO GMP (Grey Market Premium) is the rate of premium, on which, the IPO is trading in the grey market or over-the-counter (OTC) market or off-exchange trading between two persons. The GMP price last updated on Nov 25th 2023 04:02 PM.
The estimated listing price for Tata Technologies IPO is ₹896 which is approx 79.20% gain. The latest GMP of Tata Technologies IPO is ₹396. The GMP price last updated on Nov 25th 2023 04:02 PM.
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