Tata Technologies IPO Review

 
Tata Technologiese IPO Review

IPO Open Date: November 22, 2023

IPO Close Date: November 24, 2023

IPO Price: ₹475 to ₹500 per share

Lot Size: 30 Shares

Listing: November 30, 2023

Tata Technologies is scheduled to hit the market on November 22, 2023 and close on November 24, 2023. Tata Technologies plans to raise around ₹3,042.51 Cr through an IPO with a sale of up to 60,850,278 equity shares of ₹2 each. The Retail offered 30.33%, QIB Shares Offered 17.33%, HNI Shares Offered 13.00%.

Established in 1994, Tata Technologies Limited is a global engineering services company specializing in product development and digital solutions. The company delivers turnkey solutions to worldwide original equipment manufacturers (OEMs) and their tier-1 suppliers.

Tata Technologies is committed to creating value for its customers by supporting the development of products that prioritize safety, cleanliness, and enhance the overall quality of life for end-users. Leveraging profound domain expertise, particularly in the automotive sector, the company has expanded its capabilities to effectively serve clients in related industries such as aerospace, transportation, and heavy construction machinery.

Tata Technologies


Tata Technologies IPO Details

Tata Technologies IPO opens on Nov 22, 2023, and closes on Nov 24, 2023. The Listing date for Tata Technologies IPO is on Nov 30, 2023. The price band for IPO is ₹475 to ₹500 per share and lot size of 30 Shares.

IPO DateNov 22, 2023 to Nov 24, 2023
Listing DateNov 30, 2023
Price₹475 to ₹500 per share
Lot Size30 Shares
Issue Size₹3,042.51 Cr
Face Value₹2 per share

Tata Technologies IPO Tentative Timetable

Tata Technologies opening date is November 22, 2023 and close date is November 24, 2023. The IPO allotment date is November 28, 2023. The refund initiation of IPO is on November 29, 2023. The credit of shares in demat account is on November 29, 2023. The listing date is on November 30, 2023.

EventDate
IPO OpeningNov 22, 2023
IPO ClosingNov 24, 2023
IPO Allotment DateNov 28, 2023
Refund InitiationNov 29, 2023
Shares Credit to DematNov 29, 2023
Lisiting DateNov 30, 2023

Tata Technologies IPO Lot Size

Lot Size of this IPO is 30 shares. A retail-individual investor can apply for up to 13 lots (390 shares or ₹195,000).

CategoryLotsSharesAmount
Retail(Minimum)130₹15,000
Retail(Maximum)13390₹195,000
S-HNI (Minimum)14420₹210,000
B-HNI (Minimum)672,010₹1,005,000

Tata Technologies IPO Promoter Holding

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

Tata Technologies IPO Review

Tata Technologies Limited is a global engineering services company specializing in product development and digital solutions. The company delivers turnkey solutions to worldwide original equipment manufacturers (OEMs) and their tier-1 suppliers.

Tata Technologies Limited (TTL) is planning to launch its maiden secondary issue, offering 60,850,278 equity shares at a price band of Rs. 475 to Rs. 500 per share. The total mobilization at the upper cap is expected to be Rs. 3,042.51 crores. The issue will be open for subscription from November 22 to November 24, 2023, with a minimum application size of 30 shares. The company has reserved shares for eligible employees and retail shareholders of Tata Motors, while the rest will be allocated to qualified institutional buyers (QIBs), high net worth individuals (HNIs), and retail investors.

For the last three fiscal years, TTL has posted consolidated total income/net profit of Rs. 2,425.74 cr./Rs. 239.17 cr. (FY21), Rs. 3,578.38 cr./Rs. 437.00 cr. (FY22), and Rs. 4,501.93 cr./Rs. 624.04 cr. (FY23). H1 FY24 results show a net profit of Rs. 351.90 cr. on a total income of Rs. 2,587.42 cr. Average EPS over the last three fiscal years is Rs. 12.26, with an average RoNW of 18.68%. The issue is priced at a P/BV of 7.12 based on NAV as of September 30, 2023.
The company paid a dividend of 615% for FY23 and adopted a dividend policy in February 2023.

Tata Technologies IPO Subscription Status (Bidding Details)

Table not found

Tata Technologies IPO Broker Recommendations

  • Capital Market: To be updated soon
  • Anand Rathi: To be updated soon
  • SMC Global: To be updated soon
  • Arihant Capital: To be updated soon

Tata Technologies IPO FAQs

What is Tata Technologies IPO?

Tata Technologies is issuing 60,850,278 equity shares with a face value of ₹2 each, totaling up to ₹3,042.51 Cr. The shares are being offered at a price of ₹475 to ₹500 each, with a minimum order quantity of 30 shares.

Link Intime India Private Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.

When Tata Technologies IPO will open?

Tata Technologies will open on November 22, 2023 for QIB, NII, and Retail Investors.

When Tata Technologies IPO will end?

Tata Technologies will end on November 24, 2023.

What is Tata Technologies IPO Size?

Tata Technologies IPO size is ₹3,042.51 Cr.

What is Tata Technologies IPO Price Band?

Tata Technologies price band is ₹475 to ₹500 per share.

What is the Tata Technologies IPO Allotment Date?

Tata Technologies allotment date is November 28, 2023.

What is the Tata Technologies IPO Listing Date?

Tata Technologies listing date is November 30, 2023. The IPO is to be listed on BSE and NSE.

How to Apply Tata Technologies IPO through Zerodha?

To apply for the IPO “Tata Technologies” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.

How to Apply Tata Technologies IPO through Upstox?

To apply for the IPO “Tata Technologies” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.

How to check Tata Technologies IPO Allotment Status?

For Tata Technologies IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.

What is Tata Technologies IPO GMP?

You can check out here: Tata Technologies IPO GMP

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