7 Things to Know About Tata Technologies IPO

By : Sachin Gupta Published : 3 Apr 2023

1. Tata Technologies is a global engineering services company offering product development and digital solutions, including turnkey solutions, to global OEMs

[{"selector":"#anim-81c9c887-cc7d-414d-b5ba-4120a5c6f62c","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

2. It caters to the industries like automotive, and aerospace OEMs and its suppliers.

[{"selector":"#anim-3c5ee581-fad8-4bfe-996f-a09963be1a9f","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

3. It is active in the countries like North America, Europe, the Middle East, and the Asia Pacific.

[{"selector":"#anim-99d8cb21-039a-4eb6-ac75-0e2fc05d52dd","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

4. The IPO consists of a pure offer for sale (OFS) of up to 95.71 million shares, with Tata Motors offering up to 81.13 million shares (74.69%), Alpha TC Holdings Pte offering up to 9.72 million shares(7.26%), and Tata Capital Growth Fund I offering up to 4.86 million shares(3.63%)

[{"selector":"#anim-8b79abe5-833d-401d-90ba-6bc3428ed21b","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

5. The issue will be led managed by JM Financial, Bank of America (BOFA) Securities and Citigroup Global Markets acting as the book running lead managers (BRLMs) to the issue

[{"selector":"#anim-f87a07b1-1b2f-4bb6-a10a-ba2ce6c92782","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

6. Peer group includes players namely KPIT Technologies Limited, L&T Technology Services Limited and Tata Elxsi Limited

[{"selector":"#anim-ee9db303-614f-4252-a47d-183bd2a3f3aa","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

7. The company is promoted by Tata Motors Ltd

[{"selector":"#anim-6c5eccf1-6785-429b-8244-af1470482c19","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

[{"selector":"#anim-1faaa4d8-6895-41db-9812-f08807d3e9f0","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-bd872174-a495-4b1a-aca8-73739ca16aa5","keyframes":{"transform":["translate3d(0px, 453.05562%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Check out more 5paisa webstories Swipe up More Webstories