Tata Technologies IPO
IPO Details
- Open Date
22 Nov 2023
- Close Date
24 Nov 2023
- IPO
Price Range
₹ 475 to ₹ 500
- IPO
Size
₹ 3042.51 Cr
- Listing Exchange
BSE, NSE
- Listing Date
30 Nov 2023
IPO Timeline
Tata Technologies IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 22-Nov-23 | 4.08 | 11.93 | 6.05 | 6.34 |
| 23-Nov-23 | 8.55 | 31.19 | 11.56 | 15.10 |
| 24-Nov-23 | 203.41 | 62.11 | 16.50 | 69.43 |
Last Updated: 29 November 2023 4:53 PM by 5Paisa
Tata Technologies Limited IPO is all set to open from 22nd November to 24th November 2023. The company is engaged in the business of providing engineering services. The IPO includes an Offer for Sale (OFS) of 60,850,278 equity shares worth around ₹3042.51 cr. The share allotment date is 28th November, and the IPO will be listed on 30th November on the stock exchanges. The price band is ₹475 to ₹500 per share and the lot size is 30 shares.
JM Financial Limited, Citigroup Global Markets India Private Limited, and BofA Securities India Limited are the book-running lead managers for this IPO, while Link Intime India Private Limited is the registrar.
Objective of the Tata Technologies IPO
The company will not receive any proceeds. The entire Offer Proceeds will be received by the Selling Shareholders.
Tata Technologies IPO Video:
Established in 1994, Tata Technologies Limited offers engineering services globally, which include product development and digital solutions such as turnkey solutions. The company is part of Tata Group and caters to global original equipment manufacturers (“OEMs”) and their tier 1 suppliers. Tata Technologies specialises in the domain of the automotive industry and serves allied industries such as aerospace and transportation and construction heavy machinery (“TCHM”).
The company ranks first among all India-based ER&D service providers and is among the top two globally, in electrification. As of September 30, 2023, Tata Technologies has a presence in Europe, North America, and Asia Pacific regions via its 19 global delivery centres.
Peer Comparison
● KPIT Technologies Limited
● Tata Elxsi Limited
● L&T Technology Services Limited
For More Information:
Tata Technologies IPO GMP
Webstory on Tata Technologies IPO
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue | 4414.17 | 3529.58 | 2380.91 |
| EBITDA | 908.68 | 694.46 | 430.53 |
| PAT | 624.03 | 436.99 | 239.17 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 5201.48 | 4217.99 | 3572.73 |
| Share Capital | 81.13 | 41.80 | 41.80 |
| Total Borrowings | 2212.01 | 1937.83 | 1430.58 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 401.37 | -38.68 | 1112.89 |
| Net cash from / (used in) investing activities | -487.42 | 74.20 | -673.57 |
| Net cash flow from / (used in) financing activities | -346.86 | -44.41 | -44.07 |
| Net increase (decrease) in cash and cash equivalents | -432.90 | -8.88 | 395.24 |
Strenghts
1. The company has deep expertise in the automotive industry.
2. It also has differentiated capabilities in new-age automotive trends such as electric vehicles (“EVs”).
3. The company has a diversified clientele spread across the globe.
4. Its delivery centres are located globally to ensure client engagement and scalability.
5. It also has a proprietary e-learning platform to tap into the large upskilling and reskilling market.
6. Brand value and recognition are well-established.
7. The management team and board are quite experienced.
Risks
1. The company’s major automotive sector and top five clients.
2. Negative cash flow in the past.
3. Exposed to foreign exchange rate fluctuations.
4. The company operates in a very competitive industry.
5. The company claims deductions under special tax holidays for units set up in special economic zones in India. Thus, any changes in that can impact the business.
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FAQs
The minimum lot size is 30 shares and the investment required is ₹14,250.
The price band of Tata Technologies IPO is ₹475 to ₹500.
Tata Technologies IPO is open from 22nd November to 24th November 2023.
The size of Tata Technologies IPO is around ₹3042.51 cr.
The Allotment date of Tata Technologies IPO is 28th of November 2023.
The listing date of Tata Technologies IPO is 30th of November 2023.
JM Financial Limited, Citigroup Global Markets India Private Limited, and BofA Securities India Limited are the book-running lead managers for Tata Technologies IPO.
The company will not receive any proceeds. The entire Offer Proceeds will be received by the Selling Shareholders.
To apply for the Tata Technologies IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Tata Technologies IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
● You will receive a mandate notification to block funds in your UPI app.
