Tata Technologies is set to launch an IPO which will open on November 22, 2023, and close on November 24, 2023. Through this public offer company wants to raise 3,042.51crore from the primary market, The Company fixed the price band of Rs. 475-500 with a minimum lot of 30 shares and listed on December 05, according to the preliminary papers filed to the capital market regulator SEBI.
About Tata Technologies Company
Tata Technologies is engaged in the business of engineering services offering product development and digital solutions, including turnkey solutions, to global original equipment manufacturing. The company has over two decades of experience in the automotive industry and has a global distribution execution model.
India’s renowned company Tata Motors Limited is only the promoter of Tata Technologies Limited.
Check out the IPO allotment status on IPO Deliver.
Tata Technologies IPO Object
The company intends to use the IPO Funds for the below-mentioned purposes:
- Achieve the benefits of listing on Stock Exchanges
- Offer expenses.
Tata Technologies Strength
- Smooth flow of operations
- Experienced promoters and management team
- Existing supplier relationship
- Well-defined organizational structure
Tata Technologies Risk Factor
- Highly dependent on automotive segments for revenue.
- A significant amount of future revenue to come from new energy vehicle companies, many of which are startups.
- Failed to anticipate growth in the new growth areas.
Tata Technologies IPO Review & Rating
| Issue Size (Rs.) | Rs. 3,042.51 crore |
| Issue Price (Rs.) | Rs. 475-500 |
| Minimum Lot Size | 60 shares |
| Market Capitalization (Rs.) | 20,283.43 crore |
| Total Profit (March 2023) (Rs.) | 351.90 crore |
| RoNW (%) | 20.87 |
| P/E Ratio | 32.53 |
| NAV (Rs.) | 545.40 |
| Listing on | BSE and NSE |
| IPO Deliver Rating | Seven |
Tata Technologies IPO Dates, Price Band & Details
Tata Technologies IPO will open on November 22, 2023, and close on November 24, 2023. The IPO list on December 05, 2023.
| Type of issue | Book Built IPO |
| Issue Size (Rs.) | 3,042.51 crore |
| Face Value (Rs.) | 2/- per share |
| IPO Open Date | November 22, 2023 |
| IPO Close Date | November 24, 2023 |
| IPO Allotment Date | November 30, 2023 |
| Refund Date | December 01, 2023 |
| Share Credit Date | December 04, 2023 |
| Listing Date | December 05, 2023 |
Tata Technologies IPO Offer
Tata Technologies IPO total issue size is 60,885,278 shares which comprises the below-mentioned categories.
| Offer Category | Shares Offer | Amount (Rs.) |
| Fresh Issue | – | – |
| Offer for Sale (OFS) | 60,885,278 | 3,042.51 |
Tata Technologies Financials Review (Lakhs)
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2022, 2021, and 2020.
| Category (Rs.) | March 31, 2022 | March 31, 2023 | March 31, 2020 |
| Total Revenue | 35,783.82 | 24,524.38 | 28,969.60 |
| Net Worth | 22,801.61 | 21,421.54 | 18,525.99 |
| Profit | 4,369.91 | 2,391.73 | 2,515.67 |
| Total Borrowings | – | – | – |
Tata Technologies IPO Quantitative Factors
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2022, 2021, and 2020.
| Category | March 31, 2022 | March 31, 2021 | March 31, 2020 |
| EPS (Rs.) | 10.77 | 5.89 | 6.20 |
| RoNW (%) | 19.16 | 11.17 | 13.58 |
| NAV (Rs.) | 545.40 | 512.42 | 440.26 |
Tata Technologies IPO Peers Comparison (Top 2)
Comparison with the other same segment listed companies in India.
| Company Names | EPS (Rs.) | RoNW (%) | NAV (Rs.) |
| KPIT Tech | 10.17 | 20.70 | 49.16 |
| L & T Tech | 90.92 | 22.92 | 396.73 |
Tata Technologies Company Promoters
As per the DRHP and RHP, the company has one Promoter.
| Serial No. | Name |
| 01. | Tata Motors Limited |
Tata Technologies Pre-offer and Post-Offer Promoters Shareholding
| Promoter and promoter group Shareholding | Percentage (%) |
| Pre-Issue | 66.79 |
| Post- Issue | 53.39 |
Tata Technologies IPO Reservation
Tata Technologies IPO total reservation of shares, distributed between the below-mentioned categories.
| Category | No. of Shares |
| QIB shares offered | Not more than 50% of the offer size |
| RII shares offered | Not less than 35% of the offer size |
| NII shares offered | Not less than 15% of the offer size |
Tata Technologies IPO – Market Lot Size
An individual investor can apply for a minimum of 1 lot of 30 Shares and a maximum of 13 lot of 390 shares. Market lot sizes for retail investors are as follows:
| Application | Lot Size | No. of Shares | Amount (Rs.) |
| Retail Minimum | 1 | 30 | 15,000 |
| Retail Maximum | 13 | 390 | 1,95,000 |
Tata Technologies IPO – Prospectus
An investor can download/view the Tata Technologies Limited prospectus copy, which was filed by the company to SEBI, details are as follows.
| Tata Technologies IPO Prospectus | Download/View Links |
| Draft Red Herring Prospectus (DRHP) | Click here |
| Red Herring Prospectus (RHP) | Click here |
Tata Technologies IPO Registrar
Link Intime India Private Limited
Tel: +91-22 49186270
E-Mail: tatatechnologies.ipo@linkintime.co.in
Website: www.linkintime.co.in
Tata Technologies IPO lead manager
#1. JM Financial Limited
E-Mail: ttl.ipo@jmfl.com
Website: www.jmfl.com
#2. Citigroup Global Market India Private Limited
E-Mail: tatatechipo@citi.com
Website: www.citi.com
#3. Bofa Securities India Limited
E-Mail: dg.gcib_in_tatatechnologies_ipo@bofa.com
Website: www.bofa.com
Tata Technologies IPO Application (How to Apply for an IPO)
There are primary four options for applying for a Tata Technologies IPO, details are as follows:
Option-1 Apply for IPO through Internet Banking
Step-1. Log into your bank account.
Step-2. In the invest Tab, you will see ASBA, click on it.
Step-3. Choose to apply for IPO and select the ongoing IPO “Tata Technologies Limited”
Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment.
Step-5. After the above steps, the respective amount will get blocked till the allotment date, and after it will get a refund/debited in case of rejection/allotment respectively.
Option-2 Apply for IPO through a Broker firm
Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)
Step-2. Click on the IPO tab and select the ongoing IPO “Tata Technologies Limited”
Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.
Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will get debited from your account or refunded in case no allotment is made to you.
Option-3 Apply for IPO Offline Mode Bank mode
Step-1. Visit the nearest branch of your bank.
Step-2. Fill out the ASBA form and submit it with KYC details.
Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will get debited from your bank account or refunded in case no allotment is made to you.
Option – 4 Apply for IPO through Stock Exchanges
NSE Form – Click to download
BSE Form – Click to download
Submit the form with your bank/broker.
Tata Technologies Company Details
Tata Technologies Limited (1994)
Registered Office: Plot No.25, Rajiv Gandhi Infotech Park, Hinjawadi, Pune-411 057, Maharashtra
Tel: +91 20 66529090
Email: ipo@tatatechnologies.com
Website: www.tatatechnologies.com
Investor Grievances/Compliance Officer: Vikrant Gandhe
Tata Technologies Subsidiary Companies (Top 2)
| Serial No. | Name of Companies |
| 01. | – |
| 02. | – |
Tata Technologies Company Board (Top 2)
| Serial No. | Name of Directors |
| 01. | Ajoyendra Mukherjee |
| 02. | Warren Kevin Harris |
Tata Technologies IPO – Frequently Asked Questions (FAQ’s)
Q-1 What is Tata Technologies IPO?
Ans: Tata Technologies brings its Mainboard IPO of Rs. 3,042.51 crore, on November 22, 2023, with a price band of Rs.475-500 per share.
Q-2 what is Tata Technologies IPO Open date?
Ans: Tata Technologies IPO opening date is November 22, 2023.
Q-3 what is Tata Technologies IPO Close date?
Ans: Tata Technologies IPO closing date is November 24, 2023.
Q-4 What is Tata Technologies IPO Listing date?
Ans: Tata Technologies IPO listing date is December 05, 2023.
Q-5 What is Tata Technologies IPO Minimum investment amount?
Ans: Tata Technologies IPO minimum investment amount is Rs. 15,000.
Q-6 What is Tata Technologies IPO offer issue Size?
Ans: Tata Technologies offers an issue size of Rs. 3,042.51 Crores.
Q-7 What is Tata Technologies IPO Price Band?
Ans: Tata Technologies IPO price band is Rs 475-500 per share.
Q-8 Is Tata Technologies IPO mainboard IPO or SME IPO?
Ans: Tata Technologies IPO is the Mainboard IPO.
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