Tata Technologies IPO - 5 Things to Know about Tata Tech IPO

Tata Technologies IPO, in this IPO season is going to be not only one of the giant but also most promising brand coming up with the IPO. In this blog we will delve into the what makes this company and this IPO so special and 5 things to know about Tata tech IPO which is action provoking to subscribing this Opportunity.

About Tata Technologies Company 

Tata Technologies IPO, a key player in the global engineering services sector, operates as a subsidiary of Tata Motors Limited. With a focus on product development and digital solutions, Tata Technologies serves global original equipment manufacturers (OEMs) and their Tier 1 suppliers. This report delves into the financial and operational aspects of the company as of September 30, 2023.

5 Important Things to Know About Tata Technologies IPO

Details of Tata Technologies IPO:

1. Tata Technologies IPO objectives

(i) Realize the advantages of listing the equity shares on stock exchanges; and 
(ii) Execute the selling shareholders' offer to sell up to 60,850,278 equity shares. Additionally, our company anticipates that the proposed listing of its equity shares would improve our brand recognition and exposure and open up a public market in India for the equity shares.
Utilizing the Proceeds of the Offer for Selling Shareholders
Proceeds from the Selling Shareholders' Offer for Sale will not be received by Our Company. After deducting their share of the offer-related costs and any taxes, each Selling Shareholder will be entitled to their respective share of the proceeds of the Offer for Sale.

2. Lead Manager and Registrar of Tata Technologies IPO

JM Financial Limited, Citigroup Global Markets India Private Limited and Bofa Securities India Limited are the book running lead managers of the Tata Technologies IPO, while Link Intime India Private Ltd is the registrar for the issue.

3. Tata Technologies IPO reservation

60,850,278 shares are available in the Tata Technologies IPO. The following payments were made: 10,547,382 (17.33%) to QIB; 7,910,537 (13.00%) to NII; 18,457,919 (30.33%) to RII; 2,028,342 (3.33%) to staff; and 15,821,071 (26.00%) to Anchor investors. A minimum of 30 shares will be awarded to RIIs 615,263; sNII and bNII 6,278 and 12,556 will get a minimum of 420 shares. (If there is a large subscription)

4. Tata Technologies IPO GMP

Tata Technologies' most recent GMP, as of Nov. 23, 2023, at 3:00 PM, is ₹388. The projected listing price for the Tata Technologies IPO, with a price band of 500.00, is ₹888 (cap price + today's GMP). 77.60% is the anticipated percentage gain or loss per share.

5. Offer Details

Tata Technologies IPO opens on November 22, 2023, and closes on November 24, 2023.

Overview of Company Financials of Tata Technologies Company

How to Apply for Tata Technology IPO using 5paisa App or website

One can subscribe to IPO using ASBA (Application Supported by Blocked Amount) channel. If you have a 5paisa Demat Account then, you can use the net-banking process to apply in IPO. To do this, follow these steps;

    1. Login into your net banking account.
    2. In the menu option, click on the investment offerings and select “IPO”
    3. Choose the IPO, you want to invest in.
    4. Enter details i.e. bid price, lot size, Demat account number, etc.
    5. Submit the IPO subscription request and assure you to keep the required balance in your bank account.

Worldwide original equipment manufacturers (OEM) and their Tier 1 suppliers may receive turnkey solutions, product development, and digital solutions from Tata Technologies, a worldwide engineering services provider. Supported by Toyota Motors Ltd. (TML), this company has a wealth of experience in the automotive industry and has recently broadened its knowledge to include heavy construction equipment and aircraft, which has improved its commercial prospects.