Tata Technologies IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Apr 18, 2023Let’s have a detailed review of the company and analytics of the Tata Technologies IPO release date, IPO offer price, subscription, Tata Technologies Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 2 |
| Price Band | Rs [●] |
| Listing At | BSE, NSE |
| Min. Order Quantity | NA |
| Listing Date | NA |
| Offer for Sale | Rs Million |
| Fresh Issue | Rs Million |
| IPO Size | Rs Million |
| Tick Size | 1 |
Tata Technologies IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Tata Technologies Share Price – Live Performance |
Tata Technologies IPO – Summary
They are a leading global engineering services company offering product development and digital solutions, including turnkey solutions, to global original equipment manufacturers (“OEMs”) and their tier 1 suppliers.
They endeavour to create value for their clients by helping them develop products that are safer, and cleaner and improve the quality of life for their end-customers. Also, they have deep domain expertise in the automotive industry and leverage this expertise to serve their clients in adjacent industries, such as aerospace and transportation and construction heavy machinery (“TCHM”).
The Promoter of this company is TATA MOTORS LIMITED. The lead manager to the issue is JM Financial Limited, Citigroup Global Markets India Private Limited and BofA Securities India Limited, and the Registrar to this issue is Link Intime India Private Limited.
Tata Technologies IPO Date
The opening and closing dates of the IPO of Tata Technologies Limited is not available yet.
Tata Technologies IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – | ||||
| 2nd Day – | ||||
| 3rd Day – | ||||
| Shares Offered or Net Issue |
The shares subscribed by the public will be updated here.
Check Tata Technologies IPO LIVE Subscription
- Tata Technologies IPO LIVE Bid details on BSE
- Tata Technologies IPO LIVE Bid details on NSE
For the Latest Bid details click on the above links.
Tata Technologies IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares is pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Tata Technologies Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | – |
| Refunds Initiation | – |
| Credit of Shares to Demat Account | – |
| Share Listing Date | – |
Tata Technologies IPO Price Band
The face value of each share is Rs.2, but the price band of the IPO is Rs.[●]
Tata Technologies IPO Equity Size
This Initial Public Issue of 95,708,984 Equity Shares of Rs.2 each for cash at a price of Rs.[●] per equity share aggregating to Rs.[●] Million.
Tata Technologies IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 95,708,984 equity Shares of Rs.2/ each.
Issue Size: 95,708,984 Equity Shares of Rs.2 each, aggregating to Rs.[●] Million
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Tata Technologies IPO – Live Performance
The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Tata Technologies Share Price |
Tata Technologies IPO Grey Market Premium
The Tata Technologies Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Tata Technologies IPO – Company Overview
They complement their service offerings with their Products and Education businesses (collectively, “Technology Solutions”).
Through their Products business, they resell third-party software applications, primarily product lifecycle management (“PLM”) software and solutions and provide value-added services such as consulting, implementation, systems integration and support.
Their Education business provides “phygital” education solutions in manufacturing skills including upskilling and reskilling in relation to the latest engineering and manufacturing technologies to public sector institutions and private institutions and enterprises through curriculum development and competency centre offerings through their proprietary iGetIT platform.
In Fiscal 2022 and the nine-month period ended December 31, 2022, their Technology Solutions business contributed Rs8,782.29 million and Rs4,546.06 million to their revenue from operations, respectively, comprising 24.88% and 15.09% of their revenue from operations for the respective periods.
Tata Technologies IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Million) | |||||
| 31-Dec-22 | 31-Dec-21 | 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Total Assets | 46,406.83 | 41,210.65 | 42,179.99 | 35,727.35 | 25,729.73 |
| *Total Revenue | 30,522.95 | 26,476.88 | 35,783.82 | 24,257.38 | 28,969.60 |
| Total Expense | 25,164.91 | 22,013.05 | 29,915.26 | 21,050.58 | 24,963.92 |
| Profit After Tax | 4,074.67 | 3,313.62 | 4,369.91 | 2,391.73 | 2,515.67 |
Earnings per Equity Share (in Million)
| 31-Dec-22 | 31-Dec-21 | 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Basic & Diluted | 10.04 | 8.17 | 10.77 | 5.89 | 6.20 |
Further, their PAT for the period ended on Dec 31, 2022, Dec 31, 2021, March 31, 2022, March 31, 2021, and March 31, 2020, were Rs. 4,074.67 Million, Rs. 3,313.62 Million, Rs. 4,369.91 Million, Rs. 2,391.73 Million and Rs. 2,515.67 Million respectively.
Tata Technologies IPO – Promoters
The Promoter of this company is:
- TATA MOTORS LIMITED
List of Related Parties (Key Managerial Personnel)
-
Ajoyendra Mukherjee, Chairman and Independent Director
-
Warren Kevin Harris, Chief Executive Officer and Managing Director
-
Usha Sangwan, Independent Director
-
Aarthi Sivanandh, Independent Director
-
Nagaraj Ijari, Independent Director
Tata Technologies IPO – Promoters Holding
- Pre-Issue Share Holding – %
- Post Issue Share Holding – %
Tata Technologies IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 95,708,984 Equity Shares aggregating up to Rs.[●] Million |
| of which: | |
| Issue Reserved for the Market Makers | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Net Issue to the Public | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | 405,668,530 Equity Shares |
| Equity Shares outstanding after the Issue | X Equity Shares |
Tata Technologies IPO Issue Object
Their Company proposes to utilise the Net Proceeds towards funding the following objects:
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 – Business Strategy
-
Deepen engagements within the existing client base
-
Target top ER&D spenders in select high-priority verticals and key geographies
-
Expand capabilities in digital engineering and embedded systems
-
Strengthening service delivery through capacity and capability building and optimizing delivery processes
-
Expand capabilities and enterprise client base in the education sector
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 their manufacturing domain knowledge to tap into the large upskilling and reskilling market; and
- The well-recognized brand with an experienced Promoter, board of directors and management team
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-22 | 10.77 | 19.16 | 545.40 |
| 31-Mar-21 | 5.89 | 11.17 | 512.42 |
| Mar-20 | 6.20 | 13.58 | 440.26 |
Tata Technologies IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Revenue from operation (Rs. in Million) | |
| Tata Technologies Limited | 2 | [●] | 10.77 | 19.16 | 35,295.80 |
| Listed Peers | |||||
| KPIT Technologies Limited | 10 | 83.10 | 10.17 | 20.70 | 24,323.86 |
| L&T Technology Services Limited | 2 | 40.92 | 90.92 | 22.92 | 65,697.00 |
| Tata Elxsi Limited | 10 | 88.26 | 88.26 | 34.34 | 24,707.99 |
Tata Technologies IPO Lead Managers
| Lead Managers |
| JM Financial Limited
Citigroup Global Markets India Private Limited BofA Securities India Limited |
Tata Technologies IPO Registrar to offer
| Registrar to the Offer |
| 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 – Cravath, Swaine & Moore LLP
- Bankers to the Company – HDFC Bank Limited and Citibank
Tata Technologies IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Tata Technologies Limited IPO News
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Tata Technologies IPO Review FAQs
Check out various FAQs related to TATA Technologies IPO:
What is the Issue Size of Tata Technologies IPO?
The Company is making an initial public offer of 95,708,984 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, i.e. Tata Technologies IPO ranges between NA. As far as the face value of the share is of concern, it is Rs.10 per share.
What is the Tata Technologies IPO Open Date?
The opening and closing dates for Tata Technologies IPO have been updated. The IPO is set to open on NA, while the closing date is set at NA.
What is the Tata Technologies IPO Allotment Date?
They also have the news regarding the respective allotment dates of Tata Technologies IPO. The basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA, and share listing date is on NA.
What is the Tata Technologies IPO Listing Date?
Shares of Tata Technologies shall be listed in the exchanges NA. The date, when the listing would be done, is stagnant on NA.
Who is the Registrar of Tata Technologies IPO?
One of the reputed registrars is managing the issue of Tata Technologies 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 Tata Technologies – 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 Tata Technologies IPO and it is NA. Further insights into the Kostak rate and subject to sauda or SS are as well 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 2022 in Million is 4,369.91, 2021 is 2,391.73, and 2020 is 2,515.67. PAT from Dec 2022 is 4,074.67.
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