IPO Details
Bidding Dates
22 Nov '23 - 24 Nov '23
Minimum Investment
₹15,000 / 1 Lots ( 30 Shares )
Price Range
₹475 - ₹500
Maximum Investment
₹195,000 / 13 Lots ( 390 Shares )
Retail Discount
Not Applicable
Issue Size
₹3,042.51 Cr
Investor category and sub category
Qualified Institutional Buyers | Non-Institutional Investors | Retail Individual Investors |IPO Dates
Important dates with respect to IPO allotment and listing
IPO Opening Date
Nov 22, 2023
IPO Closing Date
Nov 24, 2023
Basis of Allotment
Nov 29, 2023
Initiation of Refunds
Nov 29, 2023
Credit of Shares to Demat Account
Nov 29, 2023
IPO Listing Date
Nov 30, 2023
UPI Mandate Expiry Date
Nov 24, 2023
Tata Technologies IPO Subscription Details
| Date | QIB | NII | Retail | EMP | Others | Total |
|---|---|---|---|---|---|---|
Day 1Nov 22, 2023 |
4.08x | 11.93x | 6.05x | 1.27x | 5.61x | 6.34x |
Day 2Nov 23, 2023 |
8.55x | 31.07x | 11.27x | 2.38x | 20.13x | 14.91x |
Day 3Nov 24, 2023 |
203.41x | 62.11x | 16.50x | 3.70x | 29.19x | 69.43x |
Tata Technologies IPO Subscription Status Live
| Investor Category | Subscription (Times) |
|---|---|
| Qualified Institutions Buyers | 203.41 |
| Non-Institutional Buyers | 62.11 |
| Retail Investors | 16.50 |
| Employees | 3.70 |
| Others | 29.19 |
| Total | 69.43 |
About Company
Incorporated as Core Software Systems Private Limited on August 22, 1994, Tata Technologies Limited is a leading global engineering services company that offers product development and digital solutions, such as turnkey solutions, to global Original Equipment Manufacturers (OEMs) and their tier-1 suppliers. The company has extensive domain expertise in the automotive industry and uses it to serve its clients in aerospace and Transportation and Construction Heavy Machinery (TCHM).
Tata Technologies is a part of the Tata Group and a subsidiary of Tata Motors Limited. The company has a diverse client base in countries such as India, Europe, North America, etc. As of September 30, 2023, they have 19 global delivery centres spread across Europe, North America, and Asia Pacific.
By 2026, digital engineering spending is expected to grow at a CAGR of ~16%, from ₹66,498 billion in 2022 to ₹2,19,361 billion in 2026. The largest contributing industry verticals are automotive, aerospace, software, telecom, healthcare, etc.
Tata Technologies Limited IPO Details
Tata Technologies Limited IPO Date
Tata Technologies Limited’s IPO will open on November 22, 2023, and close on November 24, 2023. The IPO will be listed on BSE and NSE on December 5, 2023.
Tata Technologies Limited IPO Price Band
Tata Technologies Limited is an Offer for Sale of 60,850,278 shares. The issue price band has not yet been announced.
Tata Technologies Limited IPO Lot Size
Tata Technologies Limited’s IPO lot size is not yet announced.
Tata Technologies Limited IPO Objectives
The objectives of Tata Technologies Limited's IPO are listed below:
- To achieve the benefits of listing the shares on the stock exchanges.
- To carry out the Offer for Sale of up to 60,850,278 equity shares by the selling shareholders.
Peer Details
Tata Technologies Limited faces competition from publicly listed players like KPIT Technologies Limited, L&T Technology Services Limited and Tata Elxsi Limited, which operate in the same business.
How To Check the Tata Technologies Limited Allotment Status?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the IPO Section and then to IPO Orders
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Open a demat account with Angel One to apply for the Tata Technologies Limited IPO.
Contact Details of Tata Technologies Limited IPO
- Registered office: Plot No. 25, Rajiv Gandhi Infotech Park, Hinjawadi, Pune 411 057, Maharashtra, India.
- Phone: +91 20 6652 9090
E-mail:ipo@tatatechnologies.com
Tata Technologies Company Financials
| Particulars | Period ending on September 30, 2023 | Period ending on March 31, 2023 | Period ending on March 31, 2022 | Period ending on March 31, 2021 |
|---|---|---|---|---|
| Total Income | 25,874.24 | 45,019.29 | 35,783.82 | 24,257.38 |
| Profit | 3,519.01 | 6,240.37 | 4,369.91 | 2,391.73 |
| Net Worth | 28,531.27 | 29,894.71 | 22,801.61 | 21,421.54 |
| Earnings Per Share (in ₹) | 8.67 | 15.38 | 10.77 | 5.89 |
Know before investing
Strengths
3-
They have deep domain knowledge and expertise in the automotive industry.
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They offer end-to-end solutions for EV development, manufacturing and after-sales services.
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The company is a global player with marquee clients from Europe, North America, and Asia Pacific.
Risks
3-
A material portion of their revenue comes from the top 5 clients.
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They derive their revenue primarily from the automotive industry, and its performance can impact the company’s operation, cash flow, and revenue.
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Uncertainties in the EV sector can impact future operations and cash flow.
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Tata Technologies IPO FAQs
The Tata Technologies Ltd IPO is an Offer for Sale of 60,850,278 shares. The IPO will open on November 22, 2023.
The Basis of Allotment will happen on Thursday, November 30, 2023.
The IPO subscription window will open on Wednesday, November 22, 2023.
Tata Technologies Ltd IPO will be listed on BSE and NSE exchanges on Tuesday, December 5, 2023.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange, which is Tuesday, December 5, 2023, for Tata Technologies Ltd.
The bank will only block the amount initially in your account. Under the new system, the money isn’t debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
