Tata Technologies IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 29, 2023In anticipation of Tata Technologies’ imminent Initial Public Offering (IPO) scheduled from November 22 to November 24, 2023, this comprehensive overview offers a glimpse into the key facets of the offering.
With a face value of Rs 2 per share, the IPO includes a substantial number of shares, featuring an Offer for Sale. Post-issue, the company is poised to be listed on both BSE and NSE.
The undisclosed price range and other critical details add an element of intrigue to this market event. As a global leader in engineering and product development services, Tata Technologies IPO holds significance within the evolving landscape of the industry.
| Face Value | Rs 2 |
| Price Band | Rs 475 to Rs 500 |
| Listing At | BSE, NSE |
| Min. Order Quantity | 30 Shares |
| Listing Date | December 5, 2023 |
| Offer for Sale | Rs 3,042.51 Crore |
| Fresh Issue | Rs NA Crore |
| IPO Size | Rs 3,042.51 Crore |
| Tick Size | 1 |
Tata Technologies IPO Overview
Tata Technologies is set to launch its IPO from November 22 to November 24, 2023, with a face value of Rs 2 per share. The issue price per share is yet to be disclosed.
The lot size, listing date, and issue price remain pending. This Book Built Issue IPO comprises 60,850,278 shares. The offering of Tata Technologies IPO includes an Offer for Sale of 60,850,278 shares at Rs 2 each.
Post-issue, the shareholding will remain at 405,668,530, listing on both BSE and NSE.
Tata Technologies IPO Important Dates
| Events | Date |
| IPO Opening Date | November 22, 2023 |
| IPO Closing Date | November 24, 2023 |
| Basis of Allotment Finalization | November 30, 2023 |
| Refunds Initiation | December 1, 2023 |
| Credit of Shares to Demat Account | December 4, 2023 |
| Share Listing Date | December 5, 2023 |
Mark your calendars for the Tata Technologies IPO’s important dates, commencing on November 22, 2023, and concluding on November 24, 2023.
The basis of allotment will be declared on November 30, 2023, followed by the initiation of refunds on December 1, 2023.
Demat accounts will be credited with shares on December 4, 2023, and the stock is scheduled to be listed on both BSE and NSE on December 5, 2023. Ensure UPI mandate confirmation by 5 PM on November 24, 2023.
Tata Technologies IPO Price, Size, Share Offerings
| Face Value | Rs 2 |
| Price Band | Rs 475 to Rs 500 |
| Offer for Sale | Rs 3,042.51 Crore |
| Fresh Issue | Rs NA Crore |
| IPO Size | Rs 3,042.51 Crore |
Tata Technologies’ IPO, scheduled from November 22 to November 24, 2023, features a face value of Rs 2 per share, with an undisclosed price range. The Book Built Issue IPO includes 60,850,278 shares.
The offering involves a Tata Technologies IPO share offering of 60,850,278 shares at Rs 2 each. Post-issue, shareholding remains at 405,668,530.
The IPO allocation designates not more than 50% for QIBs, a minimum of 35% for retail investors, and at least 15% for NIIs (HNIs).
Tata Technologies IPO Grey Market Premium
| Date | GMP (Rs.) | Kostak Rate (Rs.) | Subject to Sauda (Rs.) |
| 29 Nov 2023 | Rs 375 | Rs 800 | Rs 8500 |
| 28 Nov 2023 | Rs 410 | Rs 1000 | Rs 10000 |
| 27 Nov 2023 | Rs 410 | Rs 800 | Rs 9500 |
| 26 Nov 2023 | Rs 410 | Rs 1700 | Rs 8000 |
| 25 Nov 2023 | Rs 390 | Rs 1700 | Rs 8000 |
| 23 Nov 2023 | Rs 375 | Rs 1700 | Rs 8000 |
| 22 Nov 2023 | Rs 360 | Rs 1700 | Rs 8000 |
| 21 Nov 2023 | Rs 350 | Rs 1700 | Rs 8000 |
| 20 Nov 2023 | Rs 350 | Rs 1700 | Rs 8000 |
| 19 Nov 2023 | Rs 350 | NA | NA |
| 16 Nov 2023 | Rs 300 | NA | NA |
| 15 Nov 2023 | Rs 250 | NA | NA |
| 14 Nov 2023 | Rs 280 | NA | NA |
As of November 14, 2023, the Tata Technologies IPO GMP stands at Rs 280. However, the price band for the IPO is now disclosed.
The GMP serves as an early indicator of market sentiment, reflecting investor expectations ahead of the IPO launch.
Tata Technologies IPO Subscription Status
| Day / Date | QIB | NII | RII | Emp | Other | Total Subscription |
| 1st Day – 22nd Nov | 4.08x | 11.93x | 6.05x | 1.27x | 5.61x | 6.34x |
| 2nd Day – 23rd Nov | 8.55x | 31.19x | 11.56x | 2.47x | 20.48x | 15.10x |
| 3rd Day – 24th Nov | 8.62x | 35.98x | 12.35x | 2.61x | 21.97x | 16.49x |
| Shares Offered or Net Issue | 10,547,382 | 7,910,537 | 18,457,919 | 2,028,342 | 6,085,027 | 60,850,278 |
The Tata Technologies IPO Subscription status is now available, and no data has been reported as of now. Investors are advised to stay tuned for updates on the subscription figures, which will be disclosed once the information becomes available.
Monitoring the subscription status provides insights into the market’s response and investor interest in the IPO.
Tata Technologies IPO Allotment Status
As of the current information available, the Tata Technologies IPO Allotment Status data is now available at this time.
Investors are advised to patiently await further updates from the company or the designated registrar regarding the allotment status. It is common for allotment details to be made available after the IPO closure date.
Tata Technologies IPO Live Performance
As of now, there is no available data on Tata Technologies IPO live performance. Investors are advised to stay tuned for real-time updates on the IPO’s performance, including the opening and closing prices, subscription figures, and market sentiment.
Detailed information on the IPO’s live performance will be provided once it becomes available.
Subscribe to Tata Technologies IPO – Open Free Demat Account Now!
Latest Tata Technologies IPO News
As of now, there is no available data regarding the Tata Technologies IPO latest news. Updates on crucial aspects such as the IPO price band, estimated listing price, and other relevant details have not been released.
Investors advises to stay informed through reliable sources for the most recent developments as the IPO launch date approaches. As of the latest update, no specific information is available regarding Tata Technologies IPO.
Tata Technologies – Company Review
Tata Technologies Limited, established in 1989 and headquartered in Pune, India, is a leading engineering and product development services company.
As a subsidiary of Tata Motors and part of the esteemed Tata Group, it serves diverse industries such as aerospace, automotive, industrial machinery, and consumer goods.
Approximately 60% of its revenue derive from engineering services, with key clients including Tata Motors, Jaguar Land Rover, and Airbus. The remaining revenue comes from product development, encompassing automotive components and consumer goods.
Tata Technologies boasts a competitive edge with its extensive engineering expertise, offering end-to-end product development solutions. Its global presence spans over 20 countries, facilitating a robust global delivery model and enabling cost-effective engineering solutions while leveraging top talent worldwide.
Products or Services
Tata Technologies is a global leader in engineering and product development services, offering a diverse range of solutions to drive innovation and sustainability. Their core services encompass Engineering, Research and Development (ER&D), aiding manufacturing clients in conceptualizing and developing sustainable products.
Digital Enterprise Services (DES) focuses on deploying cutting-edge technologies for enhanced manufacturing and service capabilities. Through Education Offerings, Tata Technologies collaborates with universities and governments to equip the next generation of engineers and provides digital learning solutions.
The company also specializes in Products and Value Added Reselling (VAR), guiding customers in selecting and implementing optimal product development software for superior market performance.
Tata Technologies’ comprehensive portfolio underscores a commitment to fostering excellence, technological advancement, and environmental responsibility in the manufacturing sector.
Promoters and Holding
Tata Motors Limited, a key player in the automotive sector, serves as the prominent promoter of Tata Technologies. Holding 64.79% of the pre-offer issued, subscribed, and paid-up equity share capital, Tata Motors Limited boasts a substantial aggregate of 262,844,816 Equity Shares.
Established in 1945, Tata Motors has evolved into a listed company with equity shares traded on the BSE and NSE. Operating primarily in the automotive segment, Tata Motors engages in activities spanning the development, design, manufacture, assembly, and sale of commercial vehicles.
Noteworthy members of Tata Motors’ board of directors include Natarajan Chandrasekaran as Chairperson and a mix of non-executive and independent directors.
This robust association positions Tata Technologies within the broader Tata Motors corporate framework, leveraging the extensive experience and industry leadership of its promoter.
Is Tata Technologies Good for Investment?
Tata Technologies stands as a global leader in engineering services, specializing in product development and digital solutions for OEMs and their tier-1 suppliers.
With a focus on creating safer, cleaner products, the company’s deep domain expertise in the automotive industry extends to adjacent sectors such as aerospace and transportation and construction heavy machinery.
As a global organization, Tata Technologies brings diverse teams together to collaboratively solve complex engineering problems. Recognizing the evolving complexities in the industry, the company leverages its globally distributed onshore-offshore service delivery capability to address clients’ requirements, offering value-added services supporting digital transformation initiatives.
The company’s primary business lines include Services, contributing 80% to revenue, and Technology Solutions, comprising Products and Education businesses.
Tata Technologies strategically positions in the ER&D market, primarily focusing on automotive and engaging with top spenders in both automotive and new energy sectors.
Recognized for its domain expertise, the company holds leadership positions in various Zinnov Zones and maintains a diversified global client base.
Leveraging a robust global delivery model and anchored in the Tata Group, Tata Technologies poises to capitalize on opportunities in the ER&D industry, particularly in automotive, TCHM, and aerospace.
Tata Technologies Financial Statements
| Amount (in INR & Million) | |||||
| 30-Sep-23 | 30-Sep-22 | 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Assets | 51,424.17 | 41,729.57 | 52,014.87 | 42,179.99 | 35,727.35 |
| Revenue | 25,874.24 | 19,103.90 | 45,019.29 | 35,783.82 | 24,257.38 |
| Expense | 21,211.70 | 15,690.95 | 37,057.78 | 29,915.26 | 21,050.58 |
| Profit After Tax | 3,519.01 | 2,590.61 | 6,240.37 | 4,369.91 | 2,391.73 |
Tata Technologies has demonstrated commendable financial performance in recent years, maintaining a consistent growth trajectory. In the fiscal year 2022-23, the company reported robust results, with a noteworthy 25.1% increase in revenue, reaching Rs 4,414.18 crores compared to Rs 3,529.57 crores in the previous fiscal year.
The surge was particularly notable in revenue from the sale of services, which experienced a substantial 33.2% growth, reaching Rs 3,535.22 crores in FY 2022-23 from Rs 2,654.84 crores in FY 2021-22.
The profitability metrics also showcased significant improvement, with Profit before Tax (PBT) reaching Rs 796.15 crores, marking a notable 35.7% increase from the previous fiscal year. Similarly, Profit after Tax (PAT) surged by 42.8% to Rs 624.03 crores in FY 2022-23, compared to Rs 436.97 crores in FY 2021-22.
The positive financial trends align with the broader industry outlook, as the engineering and product development services sector anticipates rapid growth.
Projections suggest that the global engineering services outsourcing market is to expand from $204.9 billion in 2021 to an estimated $316.8 billion by 2026, reflecting a robust compound annual growth rate (CAGR) of 9.1%.
These financial achievements position Tata Technologies favourably in the evolving landscape of the engineering services industry.
| Earnings per Equity Share (in Million) | |||||
| 30-Sep-23 | 30-Sep-22 | 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Basic & Diluted | 8.67 | 6.39 | 15.38 | 10.77 | 5.89 |
Tata Technologies IPO Review
Tata Technologies poises for an IPO from November 22 to November 24, 2023, with a face value of Rs 2 per share. The offering includes 60,850,278 shares, with an Offer for Sale at Rs 2 each.
Post-issue, the shareholding will remain at 405,668,530, and the company will lists on both BSE and NSE. The Tata Technologies IPO, featuring an undisclosed price range, holds significant market anticipation, reflected in the Grey Market Premium standing at Rs 282 as of November 14, 2023.
Tata Technologies’ robust financial performance and global leadership in engineering services position it favourably amid the evolving landscape of the engineering services industry.
Tata Technologies IPO Details
Here are a few more details you need to know before investing in Tata Technologies IPO –
Tata Technologies IPO Issue Object
So, Tata Technologies has proposed diverse objectives for making the IPO offer and some of the objectives are:
- To achieve the benefits of listing the Equity Shares on the Stock Exchanges; and
- To carry out the Offer for Sale of up to 60,850,278 Equity Shares by the Selling Shareholders
Tata Technologies IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Deep expertise in the automotive industry;
- Differentiated capabilities in new age automotive trends – electric vehicles, connected and autonomous;
- Strong digital capabilities bolstered by proprietary accelerators;
- Marquee set of clients across anchor accounts, traditional OEMs and new energy vehicle companies;
- Global delivery model enabling intimate client engagement and scalability;
- Proprietary e-learning platform leveraging our manufacturing domain knowledge to tap into the large upskilling and reskilling market; and
- Well-recognized brand with experienced Promoter, board of directors and management team.
Quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-23 | 15.38 | 20.87 | 73.68 |
| 31-Mar-22 | 10.77 | 19.16 | 56.19 |
| Mar-21 | 5.89 | 11.17 | 52.79 |
Tata Technologies IPO Lead Managers
Here is the list of Lead managers –
- JM Financial Limited
- Citigroup Global Markets India Private Limited
- BofA Securities India Limited
Tata Technologies IPO Registrar to offer
Check out the details of the registrar here –
Link Intime India Private Limited
C 101, 1st Floor, 247 Park
L.B.S Marg
Vikhroli West, Mumbai 400 083
Maharashtra, India
Tel: +91 810 811 4949
E-mail: tatatechnologies.ipo@linkintime.co.in
Website: www.linkintime.co.in
Investor Grievance ID:
tatatechnologies.ipo@linkintime.co.in
Contact Person: Shanti Gopalkrishnan
SEBI Registration Number: INR000004058
Tata Technologies IPO – Other Details
- Statutory Auditor – B S R & Co. LLP, Chartered Accountants
- Legal Counsel to the Company – Cyril Amarchand Mangaldas
- Bankers to the Company – HDFC Bank Limited and Citibank
Tata Technologies IPO Verdict by Stock Brokers
The Tata Technologies IPO appears promising, backed by the company’s robust financial performance and global leadership in engineering services.
With consistent growth and a strong position in the market, the IPO presents an opportunity for investors seeking exposure to the expanding engineering and product development services sector.
Tata Technologies’ strategic focus on creating safer, cleaner products and its diversified global client base. This enhances its potential for sustained success.
However, investors should closely monitor the IPO details, including the undisclosed price range. This is to make informed decisions based on market conditions. Overall, Tata Technologies IPO holds substantial appeal in the context of the industry’s anticipated growth.
Tata Technologies IPO – Conclusion
In conclusion, Tata Technologies IPO stands as a noteworthy event, drawing attention to its potential impact on the market.
The undisclosed price range and other pending details contribute to the anticipation surrounding this IPO. The company’s robust financial performance, coupled with its global leadership in engineering services. Also, positions it favourably in the dynamic landscape of the industry.
The IPO presents an opportunity for investors seeking exposure to the expanding engineering and product development services sector.
However, a cautious approach is advised, with investors urged to closely monitor the final IPO details and market conditions before making informed decisions.
To Subscribe to Tata Technologies IPO – Open Demat Account Now!
Tata Technologies IPO Review FAQs
Check out the FAQs on Tata Technologies IPO –
What is the Issue Size of Tata Technologies IPO?
The Company is making an initial public offer of 60,850,278 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Tata Technologies IPO?
The price band for this particular IPO ranges between Rs 475 to Rs 500. As far as the face value of the share is concerned, it is Rs.2 per share.
What is the Tata Technologies IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on November 22, 2023, while the closing date is set for November 24, 2023.
What is the Tata Technologies IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on November 30, 2023, refund initiation is on December 1, 2023, credit of shares is on December 4, 2023, and share listing date is on December 5, 2023.
What is the Tata Technologies IPO Listing Date?
Shares of this company shall be listed in the exchanges on December 5, 2023. The date, when the listing would be done, is stagnant on December 5, 2023.
Who is the Registrar of Tata Technologies IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. Link Intime India Private Limited. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Tata Technologies IPO?
Here are the promoters of this IPO – TATA MOTORS LIMITED. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Tata Technologies IPO?
They have obtained the GMP of this IPO and it is Rs. 375. Further insights into the Kostak rate and subject to sauda or SS are also included in this report.
Is Tata Technologies IPO Good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Tata Technologies Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2023 in Million is 6,240.37, 2022 is 4,369.91, 2021 is 2,391.73. PAT from Sep 2023 is 3,519.01.
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