Tata Technologies Limited is planning to launch an initial public offering (IPO) of Rs 3,042.51 crores. The issue is entirely an offer for sale of 6.09 crore shares. The IPO opens for subscription on November 22, 2023 and closes 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.
Tata Technologies is a subsidiary of Tata Motors and provides engineering and digital transformation services to global clients. It has a strong track record of growth and profitability, and is expected to benefit from the growth of the automotive and manufacturing industries.
Tata Technologies Financial
The company has a strong track record of growth and profitability. Tata Technologies’ revenue and PAT both grew significantly in 2022-23. Revenue grew by 23.2%, from 3,529.57 crores in 2021-22 to 4,414.18 crores in 2022-23. PAT also grew by 42.2%, from 436.97 crores in 2021-22 to 624.03 crores in 2022-23.
The Tata Technologies IPO is expected to be a success. The company has a strong track record and is well-positioned to benefit from the growth of the automotive and manufacturing industries. The IPO is also well-priced, which is likely to attract investors.
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
Analysts’ View
Analysts have given a positive view on the Tata Technologies IPO. They believe that the company is well-positioned to benefit from the growth of the automotive and manufacturing industries. They have also pointed out that the company has a strong track record of growth and profitability.
Investors’ Response
Investors have responded well to the Tata Technologies IPO. The company has already received strong interest from institutional investors. It is expected that the IPO will be well-subscribed by retail investors as well.
Outlook
The Tata Technologies IPO is expected to be a success. The company has a strong track record and is well-positioned to benefit from the growth of the automotive and manufacturing industries. The IPO is also well-priced, which is likely to attract investors.
Tata Technologies IPO GMP
According to market observers, the grey market premium (GMP) for Tata Technologies IPO is ₹367
Conclusion
The Tata Technologies IPO is a good opportunity for investors to invest in a growing company with a strong track record. The shares are well-priced and are likely to be in high demand. Investors who are looking for a long-term investment in the automotive and manufacturing industries should consider investing in the Tata Technologies IPO.
Disclaimers :
The information provided about Tata Technologies IPO is based on publicly available sources and is for informational purposes only. It is not intended to be investment advice or a recommendation to buy or sell any security. The information is provided “as is” without warranty of any kind. While we strive to provide accurate and up-to-date information, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the information, products, services, or related graphics contained in this post for any purpose. Any reliance you place on such information is therefore strictly at your own risk. In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this post.
Tata Technologies IPO faqs
Who owns of Tata Technologies IPO?
TATA Motors
Who is the promoter of Tata Technologies?
The promoter of Tata Technologies is Tata Motors. Tata Motors owns a 74.69 % stake in Tata Technologies, making it the controlling shareholder.
Who is the CEO of Tata Technologies India?
Warren Harris
Tata Technologies IPO Draft Red Herring Prospectus (DHRP)
It can be found on the SEBI website
Is Tata Technologies and TCS same?
No, Tata Technologies and TCS are not the same company. They are both part of the Tata Group, but they have different business focuses.
Tata Technologies is a product engineering company that provides services in engineering and design, product lifecycle management, manufacturing, product development, and IT service management to automotive and aerospace original equipment manufacturers as well as industrial machinery companies.
TCS, on the other hand, is a global information technology services and consulting company that offers a wide range of services, including business consulting, application development and maintenance, infrastructure management, cloud computing, and digital transformation.
Tata Technologies shares price
Tata Technologies is a private company, so its shares are not listed on any stock exchange. The company is planning to go public in the near future, and filed its DRHP with SEBI .
When Tata Technologies IPO will come?
Tata Technologies filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on March 9, 2023. The company is planning to raise ₹3,800–₹4,000 crores through its IPO.
Tata Technologies IPO is expected to be launched in the second half of 2023. The exact dates have not yet been announced.
Tata technologies IPO date and price
Tata Technologies IPO opens for subscription on November 22, 2023 and closes on November 24, 2023. Tata Technologies IPO price band is set at ₹475 to ₹500 per share.
Tata Technologies IPO minimum investment?
The minimum lot size for an application is 30 Shares. The minimum amount of investment required by retail investors is ₹14,250. The minimum lot size investment for sNII is 14 lots (420 shares), amounting to ₹199,500, and for bNII, it is 67 lots (2,010 shares), amounting to ₹954,750.
What is the face value of Tata Technologies share?
₹2 per share .
Is Tata Technologies listed in NSE?
Yes, Tata Technologies Limited is expected to list on both BSE and NSE with a tentative listing date fixed as Tuesday, December 5, 2023
GMP of TATA technologies IPO today
According to market observers, the grey market premium (GMP) for Tata Technologies IPO is ₹367
Disclaimer: The information contained in this document is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities. The information contained herein has been obtained from sources believed to be reliable, but its accuracy and completeness cannot be guaranteed. Any opinions expressed herein are subject to change without notice.