Tata Technologies IPO Unlocks Excitement on 22-Nov-2023
by 5paisa Research Team
15 Nov 2023
Listing Details
- Listing Exchange BSE, NSE
- Listing Date 30-Nov-23
- IPO Price Range ₹475
- Listing Price ₹1199.95
- Listing Change 140.0 %
- Last Traded Price ₹941.35
- Current Change 88.3 %
Tata Technologies IPO Details
- Open Date 22-Nov-23
- Close Date 24-Nov-23
- Lot Size 30
- IPO Size ₹ 3042.51 Cr
- IPO Price Range ₹ 475 to ₹ 500
- Min Investment ₹ 14250
- Listing Exchange BSE, NSE
- Basis of Allotment 28-Nov-23
- Refunds 29-Nov-23
- Credit to Demat Account 29-Nov-23
- Listing Date 30-Nov-23
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 |
Tata Technologies IPO Synopsis
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:
About Tata Technologies
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
Tata Technologies Financial Status
Profit and Loss
Balance Sheet
| 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 |
Tata Technologies IPO Key Points
-
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.
Tata Technologies
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
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 -
Approve the mandate request on your UPI and funds
will be blocked
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Tata Technologies IPO FAQs
What is the minimum lot size required for Tata Technologies IPO?
The minimum lot size is 30 shares and the investment required is ₹14,250.
What is the price band of the Tata Technologies IPO?
The price band of Tata Technologies IPO is ₹475 to ₹500.
When does the Tata Technologies IPO opens and closes?
Tata Technologies IPO is open from 22nd November to 24th November 2023.
What is the size of the Tata Technologies IPO?
The size of Tata Technologies IPO is around ₹3042.51 cr.
What is the allotment date of Tata Technologies IPO?
The Allotment date of Tata Technologies IPO is 28th of November 2023.
What is the Tata Technologies IPO listing date?
The listing date of Tata Technologies IPO is 30th of November 2023.
Who are the book runners for Tata Technologies IPO?
JM Financial Limited, Citigroup Global Markets India Private Limited, and BofA Securities India Limited are the book-running lead managers for Tata Technologies IPO.
What is the objective of Tata Technologies IPO?
The company will not receive any proceeds. The entire Offer Proceeds will be received by the Selling Shareholders.
How to apply for the Tata Technologies IPO?
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.
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