Tata Technologies Limited IPO : Key Information

Tata Technologies Limited IPO is set to launch on 22 November, 2023. The company initiated its business operations in the year 1994. It is a leading global engineering service provider. The company provides services such as product development and digital solutions. These services include turnkey solutions to global OEMs and in their list of tier-1 suppliers. The business of the frim is spread across the globe and has a privilege of serving under the brand name TATA.

Tata Technologies Limited IPO DETAILS

Tata Technologies Limited IPO is set to launch on 22 November, 2023. The subscription timeline extends till 24 November, 2023. The size for the IPO is 3042.51 Crore Rs. No shares are issued through fresh issue mode. Shares issued through offer for sale mode are worth Rs 3042.51 Crore. The lot size is 30 shares and the price is 475 Rs to 500 Rs per share. The company is going to get listed at both NSE and BSE. The face value per share is Rs.2 and this is a Book Built issue. The registrar for the company is Link Intime India Private Limited.

Tabular Description of Tata Technologies Limited IPO 

Tata Technologies Limited IPO : IMPORTANT DATES

Tata Technologies Limited IPO begins for subscription from 22 November, 2023. The IPO subscription would continue till 24 November, 2023. The allotment status for the shareholders who applied would come on 30 November, 2023. The refunds for the ones who did not get allotment would be initiated on 1 December, 2023. The DEMAT accounts of shareholders would be credited on 4 December, 2023. The listing of the company would be completed on 5 December, 2023.

Tata Technologies Limited IPO : Lead Managers

The lead managers are :

• Citigroup Global Markets India Private Limited
• JM Financial Limited
• BOFA Securities india Limited

The minimum lot size for the company is decided at 30 shares. This holding accounts to 15000 Rs.. The maximum lot size is decided at 390 shares. This amounts to 195000 Rs.. Hence the company’s final holdings would be set as :

OBJECTIVES FOR THE IPO

• IPO proceeds would be used for general corporate purposes.
• The company will use the IPO money for further working capital requirements.

COMPANY FINANCIALS

Tata Technologies Limited had an asset base of 3572 Crore Rs in the year 2021. This increased to 4218 Crore Rs in the year 2022. However the same asset base boosted by 983 Crore Rs to 5201 Crore rs. The revenue of the firm was 2425 Crore Rs in the year 2021. This increased to 3578 Crore Rs in 2022 which is an increase of 1153 Crore Rs. The revenue of the firm again increased by 923 Crore Rs to 4501 Crore Rs in the year 2023. The profit of the firm has been increasing by almost 200 Crore Rs every year. The profit for the year 2021 was 239 Crore Rs which became 436 Crore Rs in the year 2022. The same was 624 Crore Rs for the year 2023.

PROS

• The company provides services such as product development and digital solutions. These services include turnkey solutions to global OEMs and in their list of tier-1 suppliers. 
• The business of the frim is spread across the globe and has a privilege of serving under the brand name TATA.

CONS

• The company works in a highly competitive segment.

Tata Technologies Limited IPO Application Process with Zerodha

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

1. Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
2. Click the Tata Technologies Limited IPO button and press the BID button.
3. Entering the details asked for like UPI ID, Quantity and price.
4. Submit the application form for the IPO.
5. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.