Tata Technologies IPO is set to make its market debut on November 22, with the closing scheduled for November 24. The company aims to raise approximately ₹3043 crores through the IPO, which includes an offer for sale comprising up to 60,850,278 equity shares with a face value of ₹2 each. The allocation for retail investors is 35%, qualified institutional buyers (QIB) have a 50% share, the Shareholders Quota is 10%, and high net worth individuals (HNI) have a 15% allocation.
This IPO marks a significant event as it is the first public offering from the Tata Group since the TCS IPO in 2004. Current data reveals that Tata Motors holds a substantial 74.69% stake, Alpha TC Holdings Pte has a 7.26% stake, and Tata Capital Growth Fund I possesses a 3.63% stake in Tata Technologies.
Tata Technologies Limited, a member of the Tata Group, specializes in engineering and design, product lifecycle management, manufacturing, product development, and IT service management. Serving automotive and aerospace original equipment manufacturers and their suppliers, they operate globally, spanning North America, Europe, the Middle East, and the Asia Pacific.
Ranked as the 15th largest IT company in the Fortune India Infotech Industry, Tata Technologies has a widespread presence, with more than 11,000 employees operating in 25 countries and around 4,000 professionals worldwide. Headquartered in Pune, India, with regional headquarters in the USA, Tata Technologies is an integral part of the Tata Group, recognized as the most valuable brand in India by Brand Finance. As a subsidiary of Tata Motors Limited, the company leverages long-term relationships with both Tata Motors and JLR (Jaguar Land Rover) to cultivate skills and capabilities, enabling them to pursue opportunities beyond the Tata Group.
Purpose of the Offering:
- Utilization of the Offer proceeds by Selling Shareholders
- Offer Expenses
Tata Technologies Shareholders Quota Eligibility Date:
The eligibility date for the Shareholders Quota in Tata Technologies is November 13, 2023. If a shareholder has Tata Motors stocks in their demat account as of November 13, 2023, they will be eligible to participate in the Shareholders Quota for the Tata Technologies IPO.
Tata Technologies IPO Review (Apply or Not)
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Tata Technologies IPO: Information on Date and Price Band.
| IPO Open: | 22-November-2023 |
| IPO Close: | 24-November-2023 |
| IPO Size: | Approx ₹3,042.51 Crores |
| Offer for Sale: | Approx 60,850,278 Equity Shares |
| Face Value: | ₹2 Per Equity Share |
| IPO Price Band: | ₹475 to ₹500 Per Share |
| IPO Listing on: | BSE & NSE |
| Retail Quota: | 35% |
| QIB Quota: | 50% |
| NII Quota: | 15% |
| Shareholders Quote: | 10% |
| Eligibility date for SH Quota: | 13-November-2023 |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
The market lot for Tata Technologies IPO
For the Tata Technologies IPO, the smallest market lot consists of 30 shares, requiring a ₹15,000 application amount. Retail investors have the option to apply for up to 13 lots, totaling 390 shares or an amount of ₹195,000.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 30 | ₹15,000 |
| Retail Maximum | 13 | 390 | ₹195,000 |
| S-HNI Minimum | 14 | 420 | ₹210,000 |
| B-HNI Minimum | 67 | 2010 | ₹10,05,000 |
Tata Technologies IPO: Allotment and Listing Dates.
The Tata Technologies IPO is set to open its doors on November 22, closing the chapter on November 24. The allotment of shares for the IPO will be settled by November 29, paving the way for the official listing on November 30.
| Anchor Investors Allotment: | 21-November-2023 |
| IPO Open Date: | 22-November-2023 |
| IPO Close Date: | 24-November-2023 |
| Basis of Allotment: | 29-November-2023 |
| Refunds: | 29-November-2023 |
| Credit to Demat Account: | 29-November-2023 |
| Tata Technologies IPO Listing Date: | 30-November-2023 |
You may monitor the subscription status and allotment status of the IPO on their respective pages.
Applying for Tata Technologies IPO
Wondering how to secure your shares in the Tata Technologies IPO? It’s a breeze! You have two straightforward options. Firstly, through ASBA in your bank account – just log in online, head to the Invest section, and choose Tata Technologies IPO for your application. Alternatively, you can opt for the traditional route by downloading IPO forms from NSE and BSE. Simply click on BSE Forms & NSE Forms, download the blank IPO forms, complete them, and submit either directly to your bank or through your broker. It’s that simple!
Tata Technologies Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹2426 | ₹2105 | ₹239 |
| 2022 | ₹3578 | ₹2992 | ₹437 |
| 2023 | ₹4502 | ₹3706 | ₹624 |
| 2024 6M | ₹2587 | ₹2121 | ₹352 |
Tata Technologies IPO Valuation – FY2023
Check Tata Technologies IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹15.38 per Equity Share |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 20.87% |
| Net Asset Value (NAV): | ₹73.68 per Equity Share |
Peer Group
- KPIT Technologies Limited
- L&T Technology Services Limited
- Tata Elxsi Limited
Company Promoters
- Tata Motors 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, India
Tel: +91 810 811 4949
E-mail: tatatechnologies.ipo@linkintime.co.in
Website: www.linkintime.co.in
Tata Technologies IPO Allotment Status Check
Check Tata Technologies IPO allotment status on Linkintime website allotment URL. Click Here
Tata Technologies IPO Lead Managers
- JM Financial Ltd
- BofA Securities
- Citigroup Global Markets India Pvt Ltd
Company Address
Tata Technologies Limited
Plot No. 25, Rajiv Gandhi Infotech Park,
Hinjawadi, Pune 411 057,
Maharashtra, India
Telephone: +91 20 6652 9090
Contact Person: Vikrant Gandhe
Company Secretary and Compliance Officer
E-mail: ipo@tatatechnologies.com
Website: www.tatatechnologies.com
Tata Technologies IPO FAQs
When is the Tata Technologies IPO scheduled to open and close?
The IPO is set to open on November 22 and will close on November 24.
When will the allotment of Tata Technologies IPO shares be finalized?
The allotment process is expected to be completed by November 29.
On which date is the Tata Technologies IPO set to be listed?
The IPO is scheduled to be listed on November 30.
What is the minimum market lot for the Tata Technologies IPO?
The minimum market lot is 30 shares, with an application amount of ₹15,000.
What is the maximum number of lots retail investors can apply for in the IPO?
Retail investors have the option to apply for up to 13 lots, totaling 390 shares or ₹195,000.
