The Tata Technologies IPO date has been confirmed for November 22 and will close on November 24.
Using an IPO, Tata Technologies is a BSE SME IPO seeking to raise Rs 3,042.51 crores. The price band is set at ₹475 to ₹500 per share. The minimum lot size for an application is 30 Shares. The minimum amount of investment required by retail investors is ₹15,000. The minimum lot size investment for sNII is 14 lots (420 shares), amounting to ₹210,000, and for bNII, it is 67 lots (2,010 shares), amounting to ₹1,005,000.
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Bidding Dates
November 22–24
Price Range
₹475 to ₹500 per share
Face Value
₹2 per share
GMP
₹475
Tata Technologies IPO GMP
The Tata Technologies Limited IPO GMP is ₹475 .
IPO Overview
The Tata Technologies IPO is a book-built offering for Rs 3,042.51 crores. The offering consists wholly of 6.09 crore shares for sale. Bidding for Tata Technologies’ initial public offering (IPO) began on November 22, 2023 and finished on November 24, 2023. On Tuesday, November 28, 2023, the allotment for Tata Technologies’ IPO was finalised. On November 30, 2023, the shares were listed on the BSE and NSE. The price range for Tata Technologies’ IPO is $475 to $500 per share.
An application requires a minimum lot size of 30 Shares. Retail investors must make a minimum commitment of $15,000. The minimum lot size investment for sNII is 14 lots (420 shares), which equals 210,000, and 67 lots (2,010 shares), which equals 1,005,000. The company has 19 global delivery centres in North America, Europe, and Asia Pacific as of September 30, 2023. The corporation employs 12,451 individuals as of September 30, 2023, including 11,608 full-time employees and 843 temporary workers.
Tata Technologies IPO Details
| IPO Date | November 22, 2023 to November 24, 2023 |
| Listing Date | November 30, 2023 |
| Face Value | ₹2 per share |
| Price Band | ₹475 to ₹500 per share |
| Lot Size | 30 Shares |
| Total Issue Size | 60,850,278 shares (aggregating up to ₹3,042.51 Cr) |
| Offer for Sale | 60,850,278 shares of ₹2 (aggregating up to ₹3,042.51 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 405,668,530 |
| Share holding post issue | 405,668,530 |
Tata Technologies Company Financial Report
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 5,142.42 | 5,201.49 | 4,218.00 | 3,572.74 |
| Revenue | 2,587.42 | 4,501.93 | 3,578.38 | 2,425.74 |
| Profit After Tax | 351.90 | 624.04 | 436.99 | 239.17 |
| Net Worth | 2,853.13 | 2,989.47 | 2,280.16 | 2,142.15 |
| Reserves and Surplus | 2,455.29 | 2,605.60 | 2,028.93 | 1,897.46 |
Tata Technologies IPO Allotment & Listing Dates
| 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 |
Company Profile
Tata Technologies Limited, founded in 1994, supplies Original Equipment Manufacturers (OEMs) and their Tier-1 suppliers with product development and digital solutions. Tata Technologies has two business verticals:
- Services: This involves outsourcing engineering services and digital transformation services to global manufacturing customers to help them conceptualize, design, develop, and deliver better products.
- Technology solutions: This involves the resale of third-
party software applications, including software and solutions for product lifecycle management (PLM), as well as the provision of value-added services such as consulting, implementation, system integration, and support. In addition, the company offers Phygital (physical plus digital) educational solutions, that help public and private institutions and companies improve their manufacturing skills in the latest engineering and manufacturing technologies through the development of curriculum and centers of excellence via the company’s proprietary iGetIT platform.
Registrar Info
| Name | Link Intime India Private Limited |
| Phone number | +91 810 811 4949 |
| Email ID | tatatechnologies.ipo@linkintime.co.in |
| Website | linkintime.co.in |
Contact Details
| Name | Tata Technologies Limited |
| Phone number | +91 20 6652 9090 |
| Email ID | ipo@tatatechnologies.com |
| Website | tatatechnologies.com |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
