Hello my fellow finance enthusiasts, there is a huge investment opportunity opening up in the near future. Yes, you heard absolutely right. The Tata Technologies IPO is going to open soon. So I will give you complete information about Tata technologies IPO here on IPO India.
On this article I will inform you about Tata Technologies IPO Date, Price, GMP, Review and Best 3 IPOs to Invest. So without wasting any more time let’s start.
About Tata Technologies Limited
Tata technologies Limited is a leading global engineering services company. They offer product development and digital solutions. This includes turnkey solutions for global original equipment manufacturers (OMEs) and their tier-1 suppliers.
Tata Technologies aspires to create value for its customers by helping them develop products that are safer, cleaner and improve the quality of life for end consumers.
With their DEO domain expertise in the automotive industry, they have acquired superior expertise in serving clients in adjacent industries as well, such as aerospace and transportation and heavy construction machinery.
Tata Technologies Limited’s operations are global. They bring together diverse teams from different parts of the world with different skill sets to collaborate in real time and solve a complex engineering problem.
Tata Technologies IPO GMP
| Exp. Premium (GMP) | ₹340-345 (68%) per Share |
About Tata Technologies IPO
Here is some information about Tata Technologies IPO which will help you in making a decision to invest in Tata Technologies IPO. It appears to be a book-built offer with a total value of Rs 3,042.51 crore, including 6.09 crore share offer for sale in full.
Summary of the key details
- Issue Size: Rs 3,042.51 crores.
- Offer for Sale: 6.09 crore shares.
- Subscription Period: November 22, 2023, to November 24, 2023.
- Allotment Date: Expected on Thursday, November 30, 2023.
- Listing Date: Tentatively scheduled for Tuesday, December 5, 2023, on both BSE and NSE
Price Range of Tata Technologies IPO
- ₹475 to ₹500 per share
Lot Size of Tata Technologies IPO
- Minimum Lot: 30 shares.
- Minimum Investment for Retail Investors: ₹15,000
Minimum Lot Size Investments for Tata Technologies IPO
- sNII (Non-Institutional Investors): 14 lots (420 shares), amounting to ₹210,000.
- bNII (Non-Institutional Investors): 67 lots (2,010 shares), totaling ₹1,005,000.
This information provides potential investors with the details they need to participate in the Tata Technologies IPO. It is important to note that investing in IPOs carries risks, and individuals should do their own research or consult financial professionals before making investment decisions.
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Tata Technologies IPO
| Open Date | Nov 22, 2023 |
| Close Date | Nov 24, 2023 |
| Allotment Date | Nov 30, 2023 |
| Listing Date | Dec 05, 2023 |
| Face Value | ₹2 Pre Equity Share |
| Issue Price | ₹475-500 Per Equity Share |
| Issue Size | OFS:60,850,278 Share of ₹2 (Aggregating up to ₹3042.51 Cr) |
| Market Lot (Min. Amount) | Retail: 30 Shares (₹15,000/-) S-HNI: 4220 Shares (₹2,10,000/-) B-HNI: 2,010 Shares (₹10,05,000/-) |
| Listing at Group(s) | BSE, NSE |
| Lead Manager | Jm Financial Limited Citigroup Global Markets India Private Limited Bofa Securities India Limited |
| Register | Link Intime India Private Ltd. |
| Retail Portion | 35% (Number of Retail Applications: 6,15,264 Approx), (Number of S-HNI Applications: 6,278 Approx), (Number of B-HNI Applications: 12,556 Approx) |
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Valuations of Tata Technologies IPO
| Earnings Per Share (EPS) | ₹15.37/- |
| P/E Ratio | 32.53 |
| RoNW | 20.87% |
| Net Asset Value (NAV) -as on 31.03.23 | ₹73.65 |
Company Financials (in Crs)
| Date | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-23 | 5,201.49 | 4,501.93 | 624.04 |
| 31-Mar-22 | 4,218.00 | 3,578.38 | 436.99 |
| 31-Mar-21 | 3,572.74 | 2,425.74 | 239.17 |
| 31-Mar-20 | 2,572.97 | 2,896.96 | 251.57 |
Peers Comparison
| Name of IPOs | P/B Ratio | P/E Ratio | RoNW | Total Revenue (in Crs) |
|---|---|---|---|---|
| Tata Technologies IPO | 7.12 | 32.53 | 20.9% | 4,501 |
| KPIT Technologies IPO | 21.8 | 83.1 | 25.7% | 3,365 |
| L&T Technologies IPO | 9.78 | 36.9 | 25.0% | 8,014 |
| Tata Elxsi IPO | 25.1 | 67.1 | 41.1% | 3,144 |
Promoter(s)
| Pre Issue Share Holding | 66.79% |
| Post Issue Share Holding | 55.39% |
Company Promotor(s):- Tata Motors Limited.
If you are new to the investment section and want to know how to invest in IPOs, you can read our article “How to Invest in IPOs?“.
Key Performance Indicator
Tata Technologies IPO Market Cap is Rs 20283.43 Cr and P/E (x) is 32.53.
| KPI | Values |
|---|---|
| P/E (x) | 32.53 |
| Market Cap (₹ Cr.) | 20283.43 |
| EPS (Rs) | 15.37 |
| RoNW | 20.87% |
Issue Objective(s)
- Achieve the benefits of listing the Equity Shares on the Stock Exchanges.
- Carry out the offer for Sale of up to 95,708,984 Equity Shares by the Selling Shareholders.
Tata Technologies IPO Registrar
| Name | Link Intime Private Ltd. |
| Phone | +91-22-4918 6270 |
| tatatechnologies.ipo@linkintime.co.in | |
| Website | https://linkintime.co.in/mipo/ipoallotment.html |
Tata Technologies IPO Review
Tata Technologies IPO emerges as an attractive investment opportunity in the financial landscape. With a substantial book-built issue worth Rs 3,042.51 crore, the IPO comprises an offer of 6.09 crore shares for sale only. This approach emphasizes transparency, allowing potential investors to be a part of Tata Technologies’ journey.
Open for subscription from November 22 to November 24, 2023, the IPO has an expected allotment date of November 30, 2023. The company is set to debut on both BSE and NSE on December 5, 2023, adding a level of anticipation. in the market
Investors can enter the fray at a reasonable price band of ₹475 to ₹500 per share. A minimum lot size of 30 shares and a minimum investment of ₹15,000 from a retail investor makes it accessible to a wide range of investors. For non-institutional investors, the options are varied, with sNII requiring ₹210,000 (14 lots/420 shares) and bNII ₹1,005,000 (67 lots/2,010 shares).
When an IPO shows promise and potential returns, it is important for investors to exercise due diligence. As with any investment, there are inherent risks, and individuals should consider their risk tolerance and conduct thorough research or consult financial professionals before making investment decisions.
In summary, the Tata Technologies IPO presents an attractive prospect for investors combining a large offering with a reputable company. However, prospective investors are encouraged to carefully evaluate their investment strategy and risk tolerance before participating in this opportunity.
Conclusion
In conclusion, Tata Technologies IPO for investors Rs. 3,042.51 crore represents a significant opportunity to engage in a book-built issue. The offer, comprising a full offer of 6.09 crore shares for sale, is open for subscription from November 22 to November 24, 2023. With the allotment expected on November 30, 2023 and a tentative listing date of December 5, 2023, the IPO has generated considerable interest on both BSE and NSE.
Investors can participate in a price band of ₹475 to ₹500 per share, with a minimum lot size of 30 shares and retail investors having a minimum investment of ₹15,000. Non-institutional investors are also provided with minimum lot size investments, requiring ₹210,000 for sNII (14 lots/420 shares) and ₹1,005,000 for bNII (67 lots/2,010 shares).
As always, prospective investors are advised to do thorough research or seek guidance from financial advisors before making investment decisions, recognizing the inherent risks associated with IPO investments. Tata Technologies IPO is an interesting opportunity in the market, which gives investors an opportunity to be a part of the company’s growth journey.
Tata Technologies IPO FAQs
When Tata Technology IPO is coming?
As mentioned above, Tata Technologies IPO date of opening is 22nd November 2023 and it will remain open till 24th November 2023
Is Tata Technologies IPO good?
Tata Technologies is also generous to its investors. Its 10-year long-term average dividend payout is 44%, in line with the industry. It reported a cash and bank balance of ₹11.9 billion in FY2023. Going forward, investors can expect a similar level of payout from a cash-rich company.
Who can apply in Tata Technologies IPO?
Retail investors will get 35 per cent of the net offer reserved for them.
What will be price of Tata Technologies IPO?
Tata Technologies IPO: The initial public offering (IPO) of Tata Technologies Ltd is set to hit the Indian primary market on 22nd November 2023 and will be open for bidding till 24th November 2023. The Tata group company has already announced the Tata Technologies IPO price band. At ₹475 to ₹500 per equity share.
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