November 22 is when the eagerly awaited Tata Technologies IPO will go live. Shares will be priced between Rs. 475 and Rs. 500. By issuing more than six crore equity shares at the highest price range, it intends to raise Rs 3,042.51 crores.
Table of Contents
Of the five mainboard IPOs to be launched this week, Tata Technologies, the first offering by the Tata Group in nearly two decades, garnered the highest premium on the grey market. The Group’s final initial public offering (IPO) was Tata Consultancy Services in 2004.
The Rs 3,042.51 crore Tata Technologies IPO is a book-built offering. The entire purpose of the issue is to sell 6.09 crore shares.
November 22, 2023, is when the Tata Technologies IPO subscription opens and closes on November 24, 2023. On Thursday, November 30, 2023, the allotment for the Tata Technologies IPO is anticipated to be completed. The tentative listing date for the Tata Technologies initial public offering (IPO) is Tuesday, December 5, 2023, on the BSE and NSE.
The price range for Tata Technologies’ IPO is ₹475 to ₹500 per share. An application must have a minimum lot size of thirty shares. Retail investors are required to invest a minimum of ₹15,000. The minimum lot size investment for sNII is 14 lots (420 shares), amounting to ₹210,000, and for bNII, it is 67 lots (2,010 shares), amounting to ₹1,005,000.
In the grey market, Tata Technologies’ shares are already trading for 70% more than their market value. Analysts observed that despite the muted sentiment on Dalal Street, the Tata Technologies IPO Grey Market Premium (GMP) increased admirably.
Financial analysts, however, contend that Grey Market Premium (GMP), being wholly speculative and unregulated, should not be accorded much weight. They made it clear that there is no relationship at all between the company’s financials and the grey market premium.
Atul Parakh, CEO of Bigul, commented on the IPO of Tata Technologies, saying, “Everyone has been waiting for this announcement, and it will be the IPO to look upon in the next week.” With a face value of ₹2, the IPO has a comfortable valuation in comparison to its peers, KPITTECH and TATAELXI. TATA also supports the company, which has strong financials and promising futures. A significant contributing element to the retail interest in the stock is the investors’ interest, which also shows potential significant listing gains.”
About Tata Technologies
Tata Technologies Limited, a prominent international provider of engineering services, was founded in 1994. They provide digital solutions and product development. Turnkey solutions for international original equipment manufacturers (OEMs) and their tier-1 suppliers are included in this.
By helping them develop products that are safer, and cleaner, and enhance end users’ quality of life, Tata Technologies hopes to add value for their clients.
Due to their extensive domain knowledge in the automotive sector, they are also highly qualified to assist clients in related industries like heavy construction equipment, transportation, and aerospace.
Tata Technologies Limited operates on a global scale. They assemble heterogeneous teams with a range of skill sets from around the globe to work together in real-time to solve challenging engineering problems.
Want to know about Types of Trading in Stock Market
Open a Free Demat Account on Zerodha and use Sensibull and Streak for Free
Tata Technologies IPO Details
| IPO Date | November 22, 2023 to November 24, 2023 |
| Listing Date | [.] |
| Face Value | ₹2 per share |
| Price Band | ₹475 to ₹500 per share |
| Lot Size | 30 Shares |
| Total Issue Size | 60,850,278 shares (aggregating up to ₹3,042.51 Cr) |
| Offer for Sale | 60,850,278 shares of ₹2 (aggregating up to ₹3,042.51 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Shareholding post issue | 405,668,530 |
| Share holding post issue | 405,668,530 |
Tata Technologies IPO Timeline (Tentative Schedule)
Nov. 22, 2023, is when the Tata Technologies initial public offering (IPO) opens and ends Nov. 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
A minimum of 30 shares, as well as multiples of those, are up for bid. The minimum and maximum share and amount of investments made by HNIs and retail investors are shown in the table below.
| 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 | ₹990,000 |
Tata Technologies IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Tata Technologies Limited Financial Information (Restated Consolidated)
From March 31, 2022, to March 31, 2023, Tata Technologies Limited’s profit after tax (PAT) increased by 42.8%, while its revenue increased by 25.81%.
| 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 |
| 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 |
| Market Cap (₹ Cr.) | 20283.43 |
| EPS (Rs) | 15.37 |
| RoNW | 20.87% |
Tata Technologies IPO Objectives
The Offer’s goals are as follows:
1. Realize the advantages associated with listing equity shares on stock exchanges;
2. Execute the Selling Shareholders’ Offer to Sell Up to 95,708,984 Equity Shares.
2 thoughts on “Tata Technologies IPO Price, Date, GMP, Review, Details”