The Tata Technologies Initial Public Offering (IPO) is a significant financial event, marked by a book-built issue of ₹3,042.51 crores. Here’s a detailed analysis of the IPO, with all important details; you need to know.
IPO Details
- Issue Size: ₹3,042.51 crores
- Shares Offered: 60.85 million shares
- Type: Offer for Sale (OFS)
- IPO Dates: November 22, 2023, to November 24, 2023
- Listing Date: November 30, 2023
- Price Band: ₹475 – ₹500 per share
- Face Value: ₹2 per share
- Lot Size: 30 shares
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Key Dates and Events
| Event | Date |
|---|---|
| IPO Opening Date | November 22, 2023 |
| IPO Closing Date | November 24, 2023 |
| Basis of Allotment | November 28, 2023 |
| Initiation of Refunds | November 29, 2023 |
| Credit of Shares to Demat | November 29, 2023 |
| Listing Date | November 30, 2023 |
| UPI Mandate Confirmation Cut-off | November 24, 2023 5 PM |
Investment Details
- Minimum Investment for Retail Investors: ₹15,000 (30 shares)
- Minimum Investment for sNII: ₹210,000 (420 shares)
- Minimum Investment for bNII: ₹1,005,000 (2,010 shares)
Subscription Status
The IPO saw robust participation, being subscribed 69.43 times overall. Here’s a breakdown of the subscription:
| Category | Subscription (times) |
|---|---|
| QIB | 203.41 |
| NII | 62.11 |
| Retail | 16.50 |
| Employee | 3.70 |
| Others | 29.20 |
Shareholding
- Pre-Issue Shareholding: 405,668,530 shares
- Post-Issue Shareholding: 405,668,530 shares
- Promoter Holding Pre-Issue: 66.79%
- Promoter Holding Post-Issue: 55.39%
Financial Performance
Tata Technologies has demonstrated impressive financial growth. Below are the key financial metrics:
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets (₹ Crores) | 5,142.42 | 5,201.49 | 4,218.00 | 3,572.74 |
| Revenue (₹ Crores) | 2,587.42 | 4,501.93 | 3,578.38 | 2,425.74 |
| PAT (₹ Crores) | 351.90 | 624.04 | 436.99 | 239.17 |
| Net Worth (₹ Crores) | 2,853.13 | 2,989.47 | 2,280.16 | 2,142.15 |
Prominent Aspects
- Promoter: Tata Motors Limited
- Global Presence: 19 delivery centers across North America, Europe, and Asia Pacific.
- Employee Strength: 12,451 (11,608 full-time and 843 temporary)
IPO Reservation
The IPO reserved shares for various categories, ensuring widespread participation:
| Category | Shares Offered | Percentage |
|---|---|---|
| QIB | 10,547,382 | 17.33% |
| NII | 7,910,537 | 13.00% |
| Retail Investors | 18,457,919 | 30.33% |
| Employees | 2,028,342 | 3.33% |
| Anchor Investors | 15,821,071 | 26.00% |
| Others | 6,085,027 | 10.00% |
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Anchor Investors
- Amount Raised: ₹791.05 crores
- Shares Offered: 15,821,071 shares
- Anchor Lock-in Period:
- 50% until December 28, 2023
- Remaining until February 26, 2024
Listing Day Performance
- BSE Opening Price: ₹1,199.95
- BSE High: ₹1,400.00
- BSE Last Trade: ₹1,314.25
- NSE Opening Price: ₹1,200.00
- NSE High: ₹1,400.00
- NSE Last Trade: ₹1,313.00
Financial Summary
- EPS (Post IPO): ₹15.37
- P/E Ratio (Post IPO): 28.82
- Market Cap: ₹20,283.43 crores
Contact Information
- Tata Technologies Limited:
- Address: Plot No. 25, Rajiv Gandhi Infotech Park Hinjawadi, Pune 411 057
- Phone: +91 20 6652 9090
- Email: ipo@tatatechnologies.com
- Website: Tata Technologies
- Registrar:
- Link Intime India Private Ltd:
- Phone: +91-22-4918 6270
- Email: tatatechnologies.ipo@linkintime.co.in
- Website: Link Intime
Strengths of Tata Technologies Ltd
Tata Technologies Ltd’s strengths are:
- They have extensive industry experience, establishing themselves as leaders in engineering services, particularly in the automotive and aerospace sectors.
- Their workforce is highly skilled and diverse, including engineers, designers, and IT professionals, ensuring high-quality service delivery.
- They operate globally, with operations in multiple countries, allowing them to serve clients worldwide and leverage international market opportunities.
- Their association with the Tata Group provides credibility, trust, and access to a vast network of resources and expertise.
- Their services are diverse, including product engineering, IT services, and consulting, enabling them to cater to various client needs.
- They focus on innovation and technology, continuously investing in research and development to stay ahead of industry trends and offer cutting-edge solutions.
- They are committed to sustainability and corporate social responsibility, aligning their business practices with global standards and contributing to community development.
Conclusion
Tata Technologies’ IPO has garnered significant attention due to its strong financial performance and the reputable “TATA” brand. The IPO’s reasonable pricing and the company’s strategic global presence make it an attractive investment opportunity for medium to long-term gains.
People May Ask
What is Tata Technologies Ltd IPO?
Tata Technologies Ltd IPO is when the company offers its shares to the public for the first time. This is called an Initial Public Offering (IPO). Tata Technologies, which is a part of the Tata Group, plans to raise about ₹3,042.51 crores by selling 60,850,278 shares priced between ₹475 to ₹500 each.
When will Tata Technologies Ltd IPO open?
The IPO will open on November 22, 2023, and close on November 24, 2023.
What is the lot size of Tata Technologies Ltd IPO?
The lot size is 30 shares. This means you need to buy at least 30 shares if you want to invest. The minimum amount required to invest is ₹15,000.
How to apply for Tata Technologies Ltd IPO?
You can apply for the IPO online through various platforms like Zerodha, Kotak Securities, Paytm Money, and other brokerages. Here are the general steps:
Log in to your brokerage account (like; Zerodha, Kotak Securities, etc.).
Select IPO: Find Tata Technologies IPO in the list of ongoing IPOs.
Enter Details: Fill in the number of lots and the price you want to bid at.
Enter UPI ID: If using UPI, enter your UPI ID to approve the payment.
Submit: Confirm and submit your application.
Approve Mandate: Approve the payment request in your UPI app to block the necessary funds.
When is Tata Technologies Ltd IPO allotment?
The allotment date is November 28, 2023. This is when it will be decided how many shares each applicant will receive. If you are allotted shares, they will be credited to your demat account by November 29, 2023.