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Tata Technologies IPO Detail 2023

Tata Technologies IPO Detail 2023

Introduction

The Tata Technologies IPO opening and closing date have not been announced yet. This IPO contains a total issue size of 95,708,984 shares. The issue price of this IPO was not disclosed.

Tata Technologies Limited (“the Company”)

The company was founded in 1994. Global original equipment manufacturers (“OEMs”) and their tier 1 suppliers can obtain product development and digital solutions, including turnkey solutions, from Tata Technologies Limited, a top provider of engineering services worldwide. This endeavour is 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. The business uses its extensive domain knowledge of the automotive sector to service clients in related industries like aerospace, transportation, and construction heavy machinery (“TCHM”).  As a global organisation, they bring together diverse teams from different parts of the world with multiple skill sets to collaborate in real-time and solve complex engineering problems for their own clients.

We mainly categorise company business in two categories: services, which includes providing outsourced engineering services and digital transformation services to global manufacturing clients to help them conceive, design, develop, and deliver better products. And the second is technology solutions; through this, 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.

Objects of the Issue,

The objects of the offer are:

  1. Achieve the benefits of listing the equity shares on the stock exchanges;
  2. Carry out the offer to sell up to 95,708,984 equity shares by the selling shareholders.

Financial Highlights (Restated Consolidated)

ParticularsThe period ended on 31st Dec. 2022FY 2021-22FY 2020-21FY 2019-20
Net Worth2,7532,2802,1421,853
Total Assets4,6414,2183,5732,573
Total Revenue3,0523,5782,4262,897
Profit After Tax407437239252
(Amount in ₹ Crores)

IPO details

Issue TypeBook built issue IPO
IPO Price₹ [.] per share
Face Value₹ 2 per share
Market Lot[.]
Issue Size95,708,984 shares (aggregating up to ₹ [.] crores)
Offer for Sale95,708,984 shares of ₹ 2 each (aggregating up to ₹ [.] crores)
Listing AtNSE, BSE
Company PromotersTata Motors Limited

IPO Reservation

CategoriesNo. of shares offered
QIB shares offeredNot more than 50% of the net issue
Retail shares offeredNot less than 35% of the net issue
NII (HNI) shares offeredNot less than 15% of the net issue

GMP: Tata Technologies IPO

GMP, or grey market premium, is available on this page. The IPO GMP is updated on a day-to-day basis during the running period of the IPO, due to which the GMP rates fluctuate and stabilise after some time. GMP rates are not 100% guaranteed. Please click here for GMP details.

Promoters Holdings 

Pre-issue Shares Holdings87.58%
Post-issue Shares Holdings

Miscellaneous Information

Download Prospectus (PDF)IPO DRHP
Company Contact InformationTata Technologies Limited
Plot No. 25, Rajiv Gandhi Infotech Park Hinjawadi, Pune 411 057
Phone: +91 20 6652 9090
Email: [email protected]
Website: http://www.tatatechnologies.com/
IPO RegistrarLink Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/
IPO Lead Manager(s)1. JM Financial Limited 
2. Citigroup Global Markets India Private Limited 
3. BOFA Securities India Limited 

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