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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.
| 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 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 |
| Share holding pre issue | 405,668,530 |
| Share holding post issue | 405,668,530 |
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 Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 15,821,071 (26.00%) | NA |
| QIB Shares Offered | 10,547,382 (17.33%) | NA |
| NII (HNI) Shares Offered | 7,910,537 (13.00%) | |
| bNII > ₹10L | 5,273,691 (8.67%) | 12,556 |
| sNII < ₹10L | 2,636,846 (4.33%) | 6,278 |
| Retail Shares Offered | 18,457,919 (30.33%) | 615,263 |
| Employee Shares Offered | 2,028,342 (3.33%) | NA | Other Shares Offered | 6,085,027 (10.00%) | NA |
| Total Shares Offered | 60,850,278 (100%) |
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 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 |
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 Motors Limited is the Promoter of the company.
| Share Holding Pre Issue | 66.79% |
| Share Holding Post Issue | 55.39% |
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:
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'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 | ||||
The market capitalization of Tata Technologies IPO is Rs 20283.43 Cr.
| KPI | Values |
|---|---|
| RoNW | 20.87% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 15.37 | |
| P/E (x) | 32.53 | 28.82 |
The objects of the Offer are:
[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...
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)
| Category | Subscription (times) |
|---|---|
| QIB | 203.41 |
| NII | 62.11 |
| bNII (bids above ₹10L) | 70.67 |
| sNII (bids below ₹10L) | 44.98 |
| Retail | 16.50 |
| Employee | 3.70 |
| Others | 29.20 |
| Total | 69.43 |
Total Application : 7,325,011 (11.91 times)
| Listing Date | November 30, 2023 |
| BSE Script Code | 544028 |
| NSE Symbol | TATATECH |
| ISIN | INE142M01025 |
| Final Issue Price | ₹500 per share |
| 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 |
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/
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 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
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.
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