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Tata Technologies Limited IPO (Tata Technologies IPO) Detail

November 22, 2023 - November 24, 2023

Tata Technologies IPO is a book built issue of Rs 3,042.51 crores. The issue is entirely an offer for sale of 6.09 crore shares.

Tata Technologies IPO bidding started from November 22, 2023 and ended on November 24, 2023. The allotment for Tata Technologies IPO was finalized on Tuesday, November 28, 2023. The shares got listed on BSE, NSE on November 30, 2023.

Tata Technologies IPO price band is set at ₹475 to ₹500 per share. The minimum lot size for an application is 30 Shares. The minimum amount of investment required by retail investors is ₹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.

Jm Financial Limited, Citigroup Global Markets India Private Limited and Bofa Securities India Limited are the book running lead managers of the Tata Technologies IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to Tata Technologies IPO RHP for detailed information.

Tata Technologies IPO Details

IPO Date November 22, 2023 to November 24, 2023
Listing Date November 30, 2023
Face Value ₹2 per share
Price Band ₹475 to ₹500 per share
Lot Size 30 Shares
Total Issue Size60,850,278 shares
(aggregating up to ₹3,042.51 Cr)
Offer for Sale60,850,278 shares of ₹2
(aggregating up to ₹3,042.51 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Share holding pre issue405,668,530
Share holding post issue405,668,530

Tata Technologies IPO Reservation

Tata Technologies IPO offers 60,850,278 shares. 10,547,382 (17.33%) to QIB, 7,910,537 (13.00%) to NII, 18,457,919 (30.33%) to RII, 2,028,342 (3.33%) to employees and 15,821,071 (26.00%) to Anchor investors. 615,263 RIIs will receive minimum 30 shares and 6,278 (sNII) and 12,556 (bNII) will receive minimum 420 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered15,821,071 (26.00%)NA
QIB Shares Offered10,547,382 (17.33%)NA
NII (HNI) Shares Offered7,910,537 (13.00%)
  bNII > ₹10L5,273,691 (8.67%)12,556
  sNII < ₹10L2,636,846 (4.33%)6,278
Retail Shares Offered18,457,919 (30.33%)615,263
Employee Shares Offered2,028,342 (3.33%)NA
Other Shares Offered6,085,027 (10.00%)NA
Total Shares Offered60,850,278 (100%)

Tata Technologies IPO Anchor Investors Details

Tata Technologies IPO raises Rs 791.05 crore from anchor investors. Tata Technologies IPO Anchor bid date is November 21, 2023. Tata Technologies IPO Anchor Investors list

Bid Date November 21, 2023
Shares Offered 15,821,071
Anchor Portion Size (In Cr.) 791.05
Anchor lock-in period end date for 50% shares (30 Days) December 28, 2023
Anchor lock-in period end date for remaining shares (90 Days) February 26, 2024

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 Tuesday, November 28, 2023
Initiation of Refunds Wednesday, November 29, 2023
Credit of Shares to Demat Wednesday, November 29, 2023
Listing Date Thursday, November 30, 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
Lot Size Calculator

Tata Technologies IPO 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

Founded in 1994, Tata Technologies Limited provides product development and digital solutions to Original Equipment Manufacturers (OEMs) and their Tier-1 suppliers.

Tata Technologies has two business verticals:

  1. Services: This involves outsourcing engineering services and digital transformation services to global manufacturing customers to help them conceptualize, design, develop, and deliver better products.
  2. Technology solutions: This involves the resale of third-party software applications, including software and solutions for product lifecycle management (PLM), as well as the provision of value-added services such as consulting, implementation, system integration, and support. In addition, the company offers Phygital (physical plus digital) educational solutions, that help public and private institutions and companies improve their manufacturing skills in the latest engineering and manufacturing technologies through the development of curriculum and centers of excellence via the company's proprietary iGetIT platform.

As of September 30, 2023, the company has 19 global delivery centers in North America, Europe, and Asia Pacific.

As at September 30, 2023, the company employed 12,451 people, including 11,608 full-time employees and 843 temporary workers.

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 Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets5,142.425,201.494,218.003,572.74
Revenue2,587.424,501.933,578.382,425.74
Profit After Tax351.90624.04436.99239.17
Net Worth2,853.132,989.472,280.162,142.15
Reserves and Surplus2,455.292,605.602,028.931,897.46
Total Borrowing
Amount in ₹ Crore

Key Performance Indicator

The market capitalization of Tata Technologies IPO is Rs 20283.43 Cr.

Pre IPO Post IPO
EPS (Rs) 15.37
P/E (x) 32.5328.82

Objects of the Issue (Tata Technologies IPO Objectives)

The objects of the Offer are:

  1. Achieve the benefits of listing the Equity Shares on the Stock Exchanges;
  2. Carry out the Offer for Sale of up to 95,708,984 Equity Shares by the Selling Shareholders.

Tata Technologies IPO Review (Apply)

[Dilip Davda]  “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. Read detail review...


Tata Technologies IPO Subscription Status (Bidding Detail)

The Tata Technologies IPO is subscribed 69.43 times on November 24, 2023 7:02:00 PM. The public issue subscribed 16.50 times in the retail category, 203.41 times in the QIB category, and 62.11 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB203.41
NII62.11
    bNII (bids above ₹10L)70.67
    sNII (bids below ₹10L)44.98
Retail16.50
Employee3.70
Others29.20
Total69.43

Total Application : 7,325,011 (11.91 times)

Tata Technologies IPO Rating

106
4.2
Rating:Rated 4.2 stars
Vote Here ...

Tata Technologies IPO Listing Details

Listing Date November 30, 2023
BSE Script Code 544028
NSE Symbol TATATECH
ISIN INE142M01025
Final Issue Price ₹500 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE
₹500.00
₹1,199.95
₹1,199.95
₹1,400.00
₹1,314.25
NSE
₹500.00
₹1,200.00
₹1,200.00
₹1,400.00
₹1,313.00

Check IPO Performance…

Tata Technologies Limited Contact Details

Tata Technologies Limited
Plot No. 25,
Rajiv Gandhi Infotech Park Hinjawadi,
Pune 411 057
Phone: +91 20 6652 9090
Email: ipo@tatatechnologies.com
Website: http://www.tatatechnologies.com/

Tata Technologies IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: tatatechnologies.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html

Tata Technologies IPO - Buy or Not

Tata Technologies IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 18 0 0
Members 26 1 0

Read All Reviews Post Your Review Manage Reviews

Tata Technologies IPO FAQs

Tata Technologies IPO is a main-board IPO of 60,850,278 equity shares of the face value of ₹2 aggregating up to ₹3,042.51 Crores. The issue is priced at ₹475 to ₹500 per share. The minimum order quantity is 30 Shares.

The IPO opens on November 22, 2023, and closes on November 24, 2023.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Zerodha customers can apply online in Tata Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in Tata Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Tata Technologies IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Tata Technologies IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Tata Technologies IPO opens on November 22, 2023 and closes on November 24, 2023.

Tata Technologies IPO lot size is 30 Shares, and the minimum amount required is ₹15,000.

You can apply in Tata Technologies IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Tata Technologies IPO will be done on Tuesday, November 28, 2023, and the allotted shares will be credited to your demat account by Wednesday, November 29, 2023. Check the Tata Technologies IPO allotment status.

The Tata Technologies IPO listing date is on November 30, 2023.
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Tata Technologies IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Members with Most Likes

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8708 Comments

3078. Market Advisor |   Link |  Bookmark |December 17, 2023 8:38:58 AM
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
Palka ji
First of all I congratulate you & very glad to see you as "TOP CONTRIBUTORS" .
I wishes that you should keep up serving regularly with your valuable views for investors here with out any personal profit.
3077. rajaipo |   Link |  Bookmark |December 11, 2023 7:29:50 PM
they have very very big bookies of crickets so you think very easy what happen in this shares in near term
3076. KB. |   Link |  Bookmark |December 9, 2023 1:15:07 PM
Was unable to apply in TATA IPO (SHNI Category) from RBL Bank ASBA. Submitted a physical application from the branch as well but apparently they were unable to process it on time as linkintime did not show any application from my PAN. Received this message today from RBL Bank:

Rs 8466.00 credited to RBL Bank a/c xx on 08-12-2023. (Ref -TATATECH IPO - COMPENSATION). avl.bal. XX.

Any one else who faced the same issue and got such compensation?
3075. Market Advisor |   Link |  Bookmark |December 9, 2023 12:25:32 PM
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
Thank you Palka ji..🙏
3074. Market Advisor |   Link |  Bookmark |December 8, 2023 6:00:02 AM
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
@Palka 
Heartiest Thanks for your wishes..👍✌️
3073. risingsun |   Link |  Bookmark |December 7, 2023 1:26:57 PM (200+ Posts)
NEXT TATA ELXI,HOLD FOR LONG TERM, DON'T AFRAID,NAME IS ENOUGH
3072. Swar |   Link |  Bookmark |December 5, 2023 8:21:57 PM
Please help
I hold Tcs in Angel
How to tender shares buyback
No option available
Ddpi no activated
3071. hoxin |   Link |  Bookmark |December 5, 2023 8:38:04 PM
Dear Seniors @newgen consultancy @Tejas Pandya @Krishna T ✨ requesting you to please advice about Adani shares to invest or not for short term and long term??
3070. whiteFox |   Link |  Bookmark |December 5, 2023 12:27:19 PM
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
This stock will not go below 1100 easily...Lots of people ready to buy at lower level...I am holding one lot for long term. .will add more if slides below 1000
3069. tri.vis |   Link |  Bookmark |December 5, 2023 9:05:46 AM (200+ Posts)
OT:
Netweb at all time high
3068. Anil Gujar |   Link |  Bookmark |December 4, 2023 7:29:25 PM
DEAR MEMBER I APPLIED 3270 SHARE X 500 BID PRICE BUT MINE 3270 CATEGORY FOR SHARE IS NOT IN NII CATEGORY ANY REASON ALSO MAILED REGISTERE NO RESPONSE WHAT SHALL I DO @B.M.SURANA @Prachi @ Team Chittorgarh.com
3068.3. Anil Gujar |   Link |  Bookmark |December 5, 2023 1:47:28 PM
@tri.vis Why did You Comment when You don't have an answer you Spammer
3068.4. tri.vis |   Link |  Bookmark |December 5, 2023 11:41:20 PM (200+ Posts)
@Anil Gujar before calling others spammers,

Procure some netiquette
Spammers is one who posts a same comment again and again.
Request Admin@Admin @ Chittorgarh.com to stop spammers more proactively
3067. hoxin |   Link |  Bookmark |December 4, 2023 8:15:10 PM
Dear seniors request you please advice for protein egov as i purchsed today 50 shares @1220 hold or sell tomorrow as chart showing downword movement
3067.2. hoxin |   Link |  Bookmark |December 4, 2023 9:27:40 PM
just for intraday due to the hype but stuck in it so need advice now😅
3067.3. hoxin |   Link |  Bookmark |December 4, 2023 9:36:44 PM
@IPO NOOBIE and bro i joined share market only for about 2 months ago so mistake happens to me everytime
3066. Paymzia |   Link |  Bookmark |December 4, 2023 2:40:32 PM
IPO Guru IPO Guru (2400+ Posts, 4500+ Likes)
2k
Bought at 1153.6
Sold at 1204.6
3066.2. Ashish Khater |   Link |  Bookmark |December 4, 2023 9:25:38 PM
IPO Mentor IPO Mentor (600+ Posts, 400+ Likes)
Jab loss hota hai tab koi nhi batata......
Jai Jinendra....Jai Shree Ram
3066.3. hoxin |   Link |  Bookmark |December 4, 2023 9:34:41 PM
bilkul shi kha @Ashish Khater
3065. Anil Gujar |   Link |  Bookmark |December 4, 2023 7:20:35 PM
DEAR MEMBER @Admin @ Chittorgarh.com @Chem cho 
I APPLIED 3270 SHARE X 500 VALUE OF16,35,000 BUT ITS NOT SHOWING IN BASIS OF ALLOTMENT DOCUMENT ALL RECORD WER CONFIRMED
3065.1. Basuvr |   Link |  Bookmark |December 4, 2023 7:34:54 PM
IPO Guru IPO Guru (1700+ Posts, 900+ Likes)
@Anil Gujar  The BOA uploaded here is just sample data and doesn't show all lots, If you need full details you can send mail to Registar and definitely they will share it with you in 7 - 15 days 🙏
3065.2. Anil Gujar |   Link |  Bookmark |December 4, 2023 7:42:29 PM
@BASUVR I UNDERSTAND BUT CATEGORY OF 3270 IS NOT SHOWING
3064. Anil Gujar |   Link |  Bookmark |December 4, 2023 7:27:12 PM
DEAR MEMBER I APPLIED 3270 SHARE X 500 BID PRICE BUT MINE 3270 CATEGORY FOR SHARE IS NOT IN NII CATEGORY ANY REASON ALSO MAILED REGISTERE NO RESPONSE WHAT SHALL I DO @Chem cho @Fans of Eagleye ANY EXPERTS PLEASE ADVICE ITS NOT SHOWING IN BOA OF DOCUMENTS
3063. Anil Gujar |   Link |  Bookmark |December 4, 2023 7:26:12 PM
DEAR MEMBER I APPLIED 3270 SHARE X 500 BID PRICE BUT MINE 3270 CATEGORY FOR SHARE IS NOT IN NII CATEGORY ANY REASON ALSO MAILED REGISTERE NO RESPONSE WHAT SHALL I DO
3063.2. Anil Gujar |   Link |  Bookmark |December 5, 2023 10:02:36 PM
@SONMAYA Being an Mentor why Are you Just acting like an Crap just like a cheap
3063.3. SatishReddyIPOInvestor |   Link |  Bookmark |December 5, 2023 11:20:28 PM (200+ Posts)
It's not like SME, Only shni(2lakhs) and bhni(10lakhs above) categories in normal ipos. So you applied in bhni u should check in it.
3062. COMMON MEN WAITING FOR ALLOTMENT |   Link |  Bookmark |December 4, 2023 5:59:52 PM
Tata tec se me personally 1080-1100 tak dur reh na pasand krunga 🙏 pachi bhagvan jane 👍
3061. KAMMA SIVA RAMA KRISHNA |   Link |  Bookmark |December 4, 2023 1:36:44 PM
Purchased a few shares @ Rs.1160.15
3060. IPOTraders |   Link |  Bookmark |December 4, 2023 10:48:18 AM
IPO Mentor IPO Mentor (800+ Posts, 400+ Likes)
@newgen consultancy  Ji,
What to do in Tata tech.
Holding 2 lots in allotted in IPO.
Problem is 1 lot in my account, can hold long.
But 1 lot in others account.
Can you please guide me.
3060.1. IPO NOOBIE |   Link |  Bookmark |December 4, 2023 11:22:25 AM
Not an expert but if your concern is to hold both the lots then what you can do is sell the lot from the others account and buy 30 shares from your account at the same price at which u sold.So the Shares will kind of gets transferred to your account.
3059. Chem cho |   Link |  Bookmark |December 4, 2023 8:42:10 AM
IPO Guru IPO Guru (2500+ Posts, 2700+ Likes)
HIGH of Rs 1400 on listing date and 7% cut on second day
today when the markets are up 1000 points on BSE
tata tech is down 4 % today also at 9.41 am 4 dec2023
weak hands will sell wait for the stock to settle
3059.1. Tindu Mindu |   Link |  Bookmark |December 4, 2023 8:54:32 AM (200+ Posts)
Sir,
Shall I add now, I was alloted 1 retail lot
3059.2. Mr. Agrawal |   Link |  Bookmark |December 4, 2023 9:05:55 AM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
Bhai isme hni lot rakh ke galti kardi lagta hai .. top se 1 lakh se jyada profit kam ho chuka hai isme aur yeh kisi bhi price pe rukta dikh hi ni rha ..no big order in market depth to support price.. kya kre bech ke khatam kre ??