Tata Technologies Limited IPO Detail
Incorporated in 1994, Tata Technologies Limited is a leading 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 aspire to create value for their customers by assisting them in the development of products that are safer, 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 also, 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.
Company Promoters
Tata Motors LimitedIPO Details
| IPO Opening Date | Nov 22, 2023 |
| IPO Closing Date | Nov 24, 2023 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹2 per equity share |
| IPO Price | ₹475 - 500 per equity share |
| Market Lot | 30 Shares |
| Min Order Quantity | 30 Shares |
| Listing At | BSE, NSE |
| Issue Size | ₹3,042.51 Cr |
| Fresh Issue | - |
| Offer for Sale | ₹3,042.51 Cr |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 4.08x | - | - | 11.93x | 6.05x | 6.34x |
| Day 2 | 8.55x | - | - | 31.19x | 11.56x | 15.10x |
| Day 3 | 203.41x | - | - | 62.11x | 16.50x | 69.43x |
IPO Tentative Timetable
The Tata Technologies Limited IPO open date is Nov 22, 2023, and the close date is Nov 24, 2023. The issue may list on Nov 30, 2023.
| IPO Open Date | Nov 22, 2023 |
| IPO Close Date | Nov 24, 2023 |
| Basis of Allotment Date | Nov 29, 2023 |
| Initiation of Refunds | Nov 29, 2023 |
| Credit of Shares to Demat Account | Nov 29, 2023 |
| IPO Listing Date | Nov 30, 2023 |
IPO Lot Size
The Tata Technologies Limited IPO market lot size is 30 shares. A retail-individual investor can apply for up to 13 lots (390 shares or ₹195000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 30 | ₹15000 |
| Maximum | 13 | 390 | ₹195000 |
IPO Promoter Holding
| Pre Issue Share Holding | 66.79% |
| Post Issue Share Holding | 55.39% |
Company Financials:
For the year/period ended (₹ in Cr.)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-20 | 2,572.97 | 2,896.96 | 251.57 |
| 31-Mar-21 | 3,572.74 | 2,425.74 | 239.17 |
| 31-Mar-22 | 4,218.00 | 3,578.38 | 436.99 |
| 31-Dec-22 | 4,640.68 | 3,052.30 | 407.47 |
Objects of the Issue:
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 Limited IPO Registrar:
Link Intime India Private Ltd
Tata Technologies Limited IPO Lead Manager(s):
Jm Financial Limited, Citigroup Global Markets India Private Limited, Bofa Securities India Limited
Company Contact Information:
Tata Technologies Limited
Plot No. 25,
Rajiv Gandhi Infotech Park Hinjawadi,
Pune 411 057
