Tata Technologies IPO Going to List, Date, GMP, Lot Size, Price Band and Things to Know Before You Buy

Tata Technologies IPO is the first share sale by a Tata group firm in nearly two decades. As the much-awaited IPO of Tata Technologies is set to open for public subscription on 22 November 23. The three-day issue will close on 24 November 23 and the price band for the same will be announced soon.

Tata Technologies IPO Date

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Tata Technologies 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. Now today it is in under pre apply mode.

What does Tata Technologies do?

Tata Technologies IPO

Tata Technologies is a leading global engineering services company offering product development and digital solutions to global original equipment manufacturers (OEMs). The company services include concept design, tear-down and benchmarking, vehicle architecture, body and chassis engineering, electrical and electronics systems, and diagnostics. It has a workforce of over 11,000 employees spread across 18 global delivery centres.

Tata Technologies IPO Share For Offers (OFS)

In accordance with the addendum filed, the company’s IPO will consist of an offer for sale (OFS) of up to 60,850,278 equity shares for cash that comprises an offer for:

(a) up to 46,275,000 Equity Shares by the Company;

(b) up to 9,716,853 Equity Shares by Alpha TC Holdings Pte. Ltd.; and

(c) up to 4,858,425 Equity Shares by Tata Capital Growth Fund I, each representing up to 11.41%, 2.40%, and 1.20%, respectively, of the paid-up Equity Share Capital of Tata Technologies Limited.

Tata Technologies IPO Reservation for Employees

Tata Tech has reserved a portion for employees as well as Tata Motors shareholders. The allocated quota for Tata Motors shareholders is 10 per cent. “The maximum Bid Amount under the TML Shareholders Reservation Portion by an Eligible TML Shareholder shall not exceed Rs 200,000,” the addendum released earlier read.

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“Employees eligible to buy shares in IPO can apply in the Employee Reservation Portion. They can apply at the cut-off price. The maximum bid amount under the TML shareholders reservation portion by an eligible TML Shareholder shall not exceed Rs 2 lakh. On the other hand, the maximum bid amount under the employee reservation portion by an eligible employee should be under Rs 5 lakh,” addendum added.

IPO GMP for Tata Technologies

The firm considering an IPO considers demand when determining information about the IPO GMP, sometimes referred to as the grey market premium. The gray market formally emerges from the unregulated market after the price range and IPO date are disclosed. IPO investors continually weigh the premium before investing, which varies based on the number of subscribers, demand, and market conditions.

Tata Technologies IPO Financials

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Tata Technologies’ revenue growth and profit growth slowed in FY23 as compared to the previous financial year. The company remains debt-free. Revenue for FY23 grew 25% to Rs 4,418 crore, while profit after tax was up 63% at Rs 708 crore.Over FY21-23, revenue had a compound annual growth rate (CAGR) of 30%, leading to a 46% EBITDA CAGR, and translating to a 61.5% profit after-tax CAGR.

Tata Technologies IPO price band and lot size revealed

Tata Technologies IPO price band fixed at ₹475-500 per share, subscription opens on Nov 22 and closes on Nov 24. Tata Technologies IPO lot size is 30 shares, basis of allotment to be finalised on Nov 30, shares likely to be listed on BSE and NSE on Dec 5.

What is the face value of Tata Technologies share?

Face Value – ₹ 2
ISIN Code – INE142M01025
Available in Depository – CDSL & NSDL
Tata Technologies Unlisted Share Price – ₹ 875 Per Equity Share

How good is Tata Technologies as a company?

Tata Technologies has an overall rating of 3.8 out of 5, based on over 2,523 reviews left anonymously by employees. 76% of employees would recommend working at Tata Technologies to a friend and 79% have a positive outlook for the business. This rating has improved by 4% over the last 12 months.

What is the issue size of the Tata Technologies Limited IPO?

The issue size of the Tata Technologies IPO is an offer for sale of 95,708,984 Equity Shares.

Is it good to buy Tata Technologies shares?

Tata Technologies’ unlisted share price is much more profitable than other companies. Tata Technologies is a market leader in the outsourcing of engineering services and in providing product development IT services to the global manufacturing sector, helping aspiration manufacturing firms to create superior goods.

Who is the parent company of Tata Technologies IPO?

Tata Technologies, which is part of the Tata Group, provides engineering services to firms across various sectors, including auto and aerospace. With the $350-375 million IPO, Tata Tech will be the first Tata Group company to launch an IPO in two decades.

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