Tata Technologies IPO Date, Anchor Investment, Price, GMP, Review, Details
Tata Technologies IPO details. Find IPO Date, Price, Live Subscription, Allotment, Grey Market Premium GMP, Listing Date, Analysis and Review.
The Tata Technologies IPO, which is a book built issue of Rs 3,042.51 crores, is entirely an offer for sale of 6.09 crore shares. The subscription for the IPO will commence on November 22, 2023 and conclude on November 24, 2023. The allotment for the IPO is expected to be finalized on Thursday, November 30, 2023. The IPO will be listed on both BSE and NSE, with a tentative listing date set as Tuesday, December 5, 2023.
The price band for the Tata Technologies IPO is fixed at ₹475 to ₹500 per share. Retail investors are required to apply for a minimum lot size of 30 shares, with a minimum investment amount of ₹15,000. For sNII, the minimum lot size investment is 14 lots (420 shares), totaling ₹210,000, while for bNII, it is 67 lots (2,010 shares), amounting to ₹1,005,000.
Link Intime India Private Ltd serves as the registrar for the Tata Technologies IPO.
Grey Market Premium.
Market analysts have reported that the grey market premium (GMP) for Tata Technologies IPO remains steady at ₹351 today, the same as yesterday's GMP. Despite the volatile trends on Dalal Street, the GMP has not fluctuated much in the last three days, which is commendable considering that the shares of Tata Technologies Ltd are still trading at a premium of 70% above the IPO price band of ₹475 to ₹500 per equity share. This indicates a strong response to the public issue, which is set to open tomorrow.
Tata Technologies IPO Timeline (Tentative Schedule)
Tata Technologies IPO opens on November 22, 2023, and closes on November 24, 2023.
| IPO Open Date | Wednesday, November 22, 2023 |
| IPO Close Date | Friday, November 24, 2023 |
| Basis of Allotment | Thursday, November 30, 2023 |
| Initiation of Refunds | Friday, December 1, 2023 |
| Credit of Shares to Demat | Monday, December 4, 2023 |
| Listing Date | Tuesday, December 5, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 24, 2023 |
Tata Technologies IPO Lot Size
Investors can bid for a minimum of 30 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares |
Amount |
| Retail (Min) | 1 | 30 | ₹15,000 |
| Retail (Max) | 13 | 390 | ₹195,000 |
| S-HNI (Min) | 14 | 420 | ₹210,000 |
| S-HNI (Max) | 66 | 1,980 | ₹990,000 |
| B-HNI (Min) | 67 | 2,010 | ₹1,005,000 |
Promoter Holding
Tata Motors Limited is the Promoter of the company.
Share Holding Pre Issue 66.79%
Share Holding Post Issue 55.39%
About Tata Technologies Limited.
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.
Tata Technologies Limited Financial Information (Restated Consolidated)
Tata Technologies Limited's revenue increased by 25.81% and profit after tax (PAT) rose by 42.8% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 5,142.42 | 5,201.49 | 4,218.00 | 3,572.74 |
| Revenue | 2,587.42 | 4,501.93 | 3,578.38 | 2,425.74 |
| Profit After Tax | 351.90 | 624.04 | 436.99 | 239.17 |
| Net Worth | 2,853.13 | 2,989.47 | 2,280.16 | 2,142.15 |
| Reserves and Surplus | 2,455.29 | 2,605.60 | 2,028.93 | 1,897.46 |
| Total Borrowing | ||||
| Amount in ₹ Crore | ||||
Key Performance Indicator
Tata Technologies IPO Market Cap is Rs 20283.43 Cr and P/E (x) is 32.53.
| KPI | Values |
|---|---|
| P/E (x) | 32.53 |
| Post P/E (x) | 28.82 |
| Market Cap (₹ Cr.) | 20283.43 |
| EPS (Rs) | 15.37 |
| RoNW | 20.87% |
Objects of the Issue (Tata Technologies IPO Objectives)
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 IPO Review (Apply)
“TATA” tag enjoys first preference amongst investors across the boards for investments and also known as investors friendly group. This IPO after a gap of 19 yrs., 5 months became the talk of the town ever since it filed DRHP. It has posted growth in its top and bottom lines for the reported periods. Investors should not miss this opportunity to grab Tata group share at the offered price for the medium to long-term rewards. The issue is reasonably priced indicating “Tata” legacy. Investors should not miss this opportunity of investment for the medium to long-term rewards
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