Tata Technologies IPO is here, marking the first IPO from the Tata Group since 2004 when TCS went public. Presently, Tata Motors holds a 74.69% stake, Alpha TC Holdings Pte possesses a 7.26% stake, and Tata Capital Growth Fund I holds a 3.63% stake in Tata Technologies.
Tata Technologies Limited, a part of the Tata Group, specializes in engineering and design services, product lifecycle management, manufacturing, product development, and IT service management. The company serves industries such as automotive and aerospace, catering to original equipment manufacturers and their suppliers. Tata Technologies operates across North America, Europe, the Middle East, and the Asia Pacific.
Ranked as the 15th largest IT company in the Fortune India Infotech Industry, Tata Technologies has a global presence, operating in 25 countries with a workforce exceeding 11,000 employees, including around 4,000 professionals worldwide. The company’s headquarters are situated in Pune, with regional headquarters in the USA.
Tata Technologies IPO Timeline
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 | Thursday, November 30, 2023 |
| Initiation of Refunds | Friday, December 1, 2023 |
| Credit of Shares to Demat | Monday, December 4, 2023 |
| Listing Date | Tuesday, December 5, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 24, 2023 |
About the Issue
The Tata Technologies IPO is a book-built issue comprising 9.57 crore shares, entirely through an offer for sale of 9.57 crore shares.
The IPO subscription period is set to open on November 22, 2023, and will conclude on November 24, 2023. The allotment for the Tata Technologies IPO is expected to be finalized on Thursday, November 30, 2023, with the IPO listing on BSE and NSE tentatively scheduled for Tuesday, December 5, 2023.
As of now, the price bands for the Tata Technologies IPO are yet to be announced.
Jm Financial Limited, Citigroup Global Markets India Private Limited, and Bofa Securities India Limited are the book running lead managers for the Tata Technologies IPO. Link Intime India Private Ltd will serve as the registrar for the issue.
Tata Technologies IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Objects of the Issue
- Utilisation of the Offer proceeds by Selling Shareholders
- Offer Expenses
Tata Technologies Financials (Rs in Crore)
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth |
|---|---|---|---|---|
| 31-Mar-20 | 2,572.97 | 2,896.96 | 251.57 | 1,852.60 |
| 31-Mar-21 | 3,572.74 | 2,425.74 | 239.17 | 2,142.15 |
| 31-Dec-21 | 4,121.07 | 2,647.69 | 331.36 | 2,477.62 |
| 31-Mar-22 | 4,218.00 | 3,578.38 | 436.99 | 2,280.16 |
| 31-Dec-22 | 4,640.68 | 3,052.30 | 407.47 | 2,752.83 |
Tata Technologies IPO Registrar
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
Tata Technologies IPO Allotment Status Check
Check Tata IPO allotment status on Linkintime website allotment URL. Click Here
Tata Technologies IPO Lead Managers
- JM Financial Ltd
- BofA Securities
- Citigroup Global Markets India Pvt Ltd
Company Address
Tata Technologies Limited
Plot No. 25, Rajiv Gandhi Infotech Park,
Hinjawadi, Pune 411 057,
Maharashtra, India
Telephone: +91 20 6652 9090
Contact Person: Vikrant Gandhe
Company Secretary and Compliance Officer
E-mail: ipo@tatatechnologies.com
Website: www.tatatechnologies.com
Tata Technologies IPO FAQs
What is Tata Technologies IPO?
Tata Technologies is a main-board IPO. They are going to raise ₹[.] Crores via IPO. The issue is priced at ₹[.] to ₹[.] pr equity share. The IPO is to be listed on BSE & NSE.
When Tata Technologies IPO will open?
The IPO is to open on November 22, 2023 for QIB, NII, and Retail Investors.
What is Tata Technologies IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%
How to Apply the Tata Technologies through Zerodha?
Steps to apply in Tata Technologies IPO through Zerodha
- Visit the Zerodha website and login to Console.
- Go to Portfolio and click the IPOs link.
- Go to the ‘Tata Technologies IPO’ row and click the ‘Bid’ button.
- Enter your UPI ID, Quantity, and Price.
- ‘Submit’ IPO application form.
- Visit the UPI App (net banking or BHIM) to approve the mandate.