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Tata Technologies IPO GMP, Listing Dates, IPO Price Band, IPO Lot Size
Tata Technologies IPO is set to launch, with the subscription period commencing on November 22, 2023 and closing on November 24, 2023. This IPO aims to raise ₹3,042.51 crores through the offer for sale of 60,850,278 equity shares with a face value of ₹2 each. The price band for the Tata Technologies IPO is fixed at ₹475 to ₹500 Per Share, with a market lot of 30 shares. The distribution of the offering includes a 35% allocation for retail investors, 50% for QIBs, 10% for Shareholders Quota, and 15% for HNIs. Tata Technologies IPO Allotment will done on November 30, 2023 and Tata Technologies IPO listing date is December 5, 2023.
Tata Technologies Company Profile
As an integral part of the Tata Group, Tata Technologies Limited specializes in providing services in engineering, design, product lifecycle management, manufacturing, product development, and IT service management. Operating globally, the company caters to industries such as automotive, aerospace, and their respective original equipment manufacturers and suppliers. Tata Technologies holds the 15th position in the Fortune India Infotech Industry ranking, with a widespread presence across 25 countries, boasting a workforce of over 11,000 employees and 4,000 professionals worldwide. The company’s headquarters is situated in Pune, with regional headquarters in the USA.
Tata Technologies’ Stakeholders
As of the latest data, Tata Motors, the parent company, holds a 74.69% stake, Alpha TC Holdings Pte has a 7.26% stake and Tata Capital Growth Fund I possesses a 3.63% stake in Tata Technologies.
Tata Technologies IPO Objectives
The funds raised through the IPO will be utilized for:
- Selling shareholders.
- Offer-related expenses.
Tata Technologies Eligibility Date for Shareholders Quota
For shareholders to be eligible for the Tata Technologies IPO’s Shareholders Quota, they must hold Tata Motors stock as of November 13, 2023, in their demat account.
Tata Technologies IPO Key Details
- Tata Technologies IPO Open Date: November 22, 2023
- Tata Technologies IPO Close Date: November 24, 2023
- Tata Technologies IPO Size: Approximately ₹3,042.51 Crores, OFS 60,850,278 Equity Shares
- Face Value: ₹2 Per Equity Share
- Tata Technologies IPO Price Band: ₹475 – ₹500 Per Equity Share
- Tata Technologies IPO Listing on: NSE SME
- Retail Quota: 35% of the net offer
- NII Quota: 15% of the net offer
- QIB Quota: 50% of the net offer
Tata Technologies IPO Timeline
- Tata Technologies IPO Open Date: November 22, 2023
- Tata Technologies IPO Close Date: November 24, 2023
- Basis of Allotment: November 30, 2023
- Refunds: December 1, 2023
- Credit to Demat Account: December 4, 2023
- Tata Technologies IPO Listing Date: December 5, 2023
How to Apply for Tata Technologies IPO
Investors can apply for the Tata Technologies IPO through ASBA (Applications Supported by Blocked Amount) online via their bank accounts or by using the offline IPO forms, which can be downloaded from the NSE website.
Tata Technologies Financial Performance (in Crores)
- Year 2021: Revenue ₹2426, Expense ₹2105, PAT ₹239
- Year 2022: Revenue ₹3578, Expense ₹2992, PAT ₹437
- Year 2023: Revenue ₹4502, Expense ₹3706, PAT ₹624
- Year 2024 6M: Revenue ₹2587, Expense ₹2121, PAT ₹352
Tata Technologies Valuation FY2023
- Earnings Per Share (EPS): ₹15.38 per Equity Share
- Price/Earnings (P/E) Ratio: N/A (Not available)
- Return on Net Worth (RoNW): 20.87%
- Net Asset Value (NAV): ₹73.68 per Equity Share
Tata Technologies Peer Group
- KPIT Technologies Limited
- L&T Technology Services Limited
- Tata Elxsi Limited
Tata Technologies Company Promoters
- Tata Motors Limited
Tata Technologies IPO Registrar
Link Intime India Private Limited Address
C 101, 1st Floor, 247 Park, L.B.S Marg Vikhroli West,
Mumbai 400 083, Maharashtra, India
Tel: +91 810 811 4949
Email: tatatechnologies.ipo@linkintime.co.in
Website: www.linkintime.co.in
Tata Technologies IPO Allotment Status Check
- Check the Tata Technologies IPO allotment status on the Link Intime India website.
Tata Technologies IPO Lead Managers (Merchant Bankers)
- JM Financial Ltd
- BofA Securities
- Citigroup Global Markets India Pvt Ltd
Tata Technologies Company Address
Plot No. 25, Rajiv Gandhi Infotech Park, Hinjawadi, Pune 411 057, Maharashtra, India
Telephone: +91 20 6652 9090
Contact Person: Vikrant Gandhe
Company Secretary and Compliance Officer
Email: ipo@tatatechnologies.com
Website: www.tatatechnologies.com
Tata Technologies IPO FAQs
What is Tata Technologies IPO?
Tata Technologies IPO is a Mainboard IPO. They are going to raise ₹3,042.51 Crores via IPO. The issue is priced at ₹475 to ₹500 per equity share. The IPO is to be listed on BSE & NSE.
When Tata Technologies IPO will open?
The IPO is to open on November 22, 2023 for NII, and Retail Investors.
What is Tata Technologies IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
How to Apply the Tata Technologies IPO?
You can apply Tata Technologies IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
How to Apply Tata Technologies IPO through Zerodha?
For those using Zerodha, the application process involves logging into the Zerodha Console, selecting the IPO under the Portfolio section, and then filling in the necessary details. Approval through a UPI app is also required. Opening a Demat Account with Zerodha may be necessary for some applicants. Open Demat Account with Zerodha.
How to Apply the Tata Technologies IPO through Alice Blue?
Alice Blue users can apply by logging into the Alice Blue application, selecting the IPO, and confirming their application. Similar to other methods, approval via a UPI app is required. Opening a Demat Account with Alice Blue may also be necessary. Open a Demat Account with Alice Blue.
How to Apply for the Tata Technologies IPO through Motilal Oswal?
Log in to Motilal Oswal Application with your credentials. Select the IPO. You will see the IPO Name. Click on the Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Motilal Oswal.
What is Tata Technologies IPO Size?
Tata Technologies IPO size is ₹3,042.51 crores.
What is Tata Technologies IPO Price Band?
Tata Technologies IPO Price Band is ₹₹475 to ₹500 per equity share.
What is Tata Technologies IPO Minimum and Maximum Lot Size?
The IPO bid is 30 shares with ₹15,000.
What is Tata Technologies IPO Allotment Date?
Tata Technologies IPO allotment date is November 30, 2023.
What is Tata Technologies IPO Listing Date?
Tata Technologies IPO listing date is December 5, 2023. The IPO to list on NSE SME.
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