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Tata Technologies IPO is a book build issue of ₹3,042.51 crores. The issue is entirely an offer for sale of 6.09 crore shares of ₹3,042.51 crore.
Tata Technologies IPO bidding started from Nov 22, 2023 and ended on Nov 24, 2023. The allotment for Tata Technologies IPO was finalized on Nov 28, 2023. The shares got listed on BSE, NSE on Nov 30, 2023.
Tata Technologies IPO price band is set at ₹500.00 per share . The lot size for an application is 30. The minimum amount of investment required by an retail is ₹14,250 (30 shares). The lot size investment for sNII is 14 lots (420 shares), amounting to ₹2,10,000, and for bNII, it is 67 lots (2,010 shares), amounting to ₹10,05,000.
The issue includes a reservation of up to 20,28,342 shares for employees offered at a discount of ₹0.00 to the issue price.
JM Financial Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Tata Technologies IPO RHP for detailed Information.
| IPO Date | November 22, 2023 to November 24, 2023 |
| Listing Date | November 30, 2023 |
| Face Value | ₹2 per share |
| Issue Price Band | ₹475 to ₹500 per share |
| Issue Price Final | ₹500 per share |
| Lot Size | 30 Shares |
| Sale Type | Offer For Sale |
| Total Issue Size | 6,08,50,278 shares (aggregating up to ₹3,042.51 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Post Issue | 40,56,68,530 shares |
Tata Technologies IPO offers total 6,08,50,278 shares. Out of which 2,63,68,453 (43.33%) allocated to QIB, 1,05,47,382 (17.33%) allocated to QIB, 79,10,537 (13.00%) allocated to NII, 1,84,57,919 (30.33%) allocated to RII and 1,58,21,071 (26.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 2,63,68,453 (43.33%) | NA |
| − Anchor Investor Shares Offered | 1,58,21,071 (26.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 1,05,47,382 (17.33%) | NA |
| NII (HNI) Shares Offered | 79,10,537 (13.00%) | NA |
| − bNII > ₹10L | 52,73,691 (8.67%) | 12,556 |
| − sNII < ₹10L | 26,36,846 (4.33%) | 6,278 |
| Retail Shares Offered | 1,84,57,919 (30.33%) | 6,15,263 |
| Employee Shares Offered | 20,28,342 (3.33%) | NA |
| Shareholders Shares Offered | 60,85,027 (10.00%) | NA |
| Total Shares Offered | 6,08,50,278 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only shareholder | Up to Rs 2 Lakhs | Allowed only if bidding amount is upto Rs 2 lakhs |
| Only employee | Up to | Yes |
| Employee + Shareholder |
|
Yes |
| Employee + Shareholder + RII/NII |
|
Yes for shareholder/employee/RII |
| Shareholder + RII/NII |
|
Yes for shareholder/RII |
| Employee + RII/NII |
|
Yes for shareholder/RII |
Note: To be eligible for the Shareholder Quota, you must hold shares in one of the following companies:
Tata Technologies IPO raises ₹791.05 crore from anchor investors. Tata Technologies IPO Anchor bid date is November 21, 2023. Tata Technologies IPO Anchor Investors list
| Bid Date | November 21, 2023 |
| Shares Offered | 1,58,21,071 |
| Anchor Portion Size (In Cr.) | 791.05 |
| Anchor lock-in period end date for 50% shares (30 Days) | December 28, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | February 26, 2024 |
Tata Technologies IPO opens on November 22, 2023, and closes on November 24, 2023.
| IPO Open Date | Wed, Nov 22, 2023 |
| IPO Close Date | Fri, Nov 24, 2023 |
| Tentative Allotment | Tue, Nov 28, 2023 |
| Initiation of Refunds | Wed, Nov 29, 2023 |
| Credit of Shares to Demat | Wed, Nov 29, 2023 |
| Tentative Listing Date | Thu, Nov 30, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Nov 24, 2023 |
Investors can bid for a minimum of 30 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 30 | ₹15,000 |
| Retail (Max) | 13 | 390 | ₹1,95,000 |
| S-HNI (Min) | 14 | 420 | ₹2,10,000 |
| S-HNI (Max) | 66 | 1,980 | ₹9,90,000 |
| B-HNI (Min) | 67 | 2,010 | ₹10,05,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Founded in 1994, Tata Technologies Limited provides product development and digital solutions to Original Equipment Manufacturers (OEMs) and their Tier-1 suppliers.
Tata Technologies has two business verticals:
As of September 30, 2023, the company has 19 global delivery centers in North America, Europe, and Asia Pacific.
As at September 30, 2023, the company employed 12,451 people, including 11,608 full-time employees and 843 temporary workers.
Tata Technologies Limited's revenue increased by 25.81% and profit after tax (PAT) rose by 42.8% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 5,142.42 | 5,201.49 | 4,218.00 | 3,572.74 |
| Total Income | 2,587.42 | 4,501.93 | 3,578.38 | 2,425.74 |
| Profit After Tax | 351.90 | 624.04 | 436.99 | 239.17 |
| Net Worth | 2,853.13 | 2,989.47 | 2,280.16 | 2,142.15 |
| Reserves and Surplus | 2,455.29 | 2,605.60 | 2,028.93 | 1,897.46 |
| Total Borrowing | ||||
| Amount in ₹ Crore | ||||
The market capitalization of Tata Technologies IPO is ₹20283.43 Cr.
| KPI | Values |
|---|---|
| RoNW | 20.87% |
The objects of the Offer are:
[Dilip Davda] “TATA” tag enjoys first preference amongst investors across the boards for investments and also known as investors friendly group. This IPO after a gap of 19 yrs., 5 months became the talk of the town ever since it filed DRHP. It has posted growth in its top and bottom lines for the reported periods. Investors should not miss this opportunity to grab Tata group share at the offered price for the medium to long-term rewards. The issue is reasonably priced indicating “Tata” legacy. Investors should not miss this opportunity of investment for the medium to long-term rewards. Read detail review...
| Listing Date | November 30, 2023 |
| BSE Script Code | 544028 |
| NSE Symbol | TATATECH |
| ISIN | INE142M01025 |
| Final Issue Price | ₹500 per share |
| BSE Listing Group | B |
Tata Technologies Ltd.
Plot No. 25,
Rajiv Gandhi Infotech Park Hinjawadi,
Pune 411 057
Pune, Maharashtra
Phone: +91 20 6652 9090
Email: ipo@tatatechnologies.com
Website: http://www.tatatechnologies.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: tatatechnologies.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Tata Technologies IPO is a main-board IPO of 6,08,50,278 equity shares of the face value of ₹2 aggregating up to ₹3,042.51 Crores. The issue is priced at ₹500 per share. The minimum order quantity is 30.
The IPO opens on November 22, 2023, and closes on November 24, 2023.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Tata Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in Tata Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Tata Technologies IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Tata Technologies IPO opens on November 22, 2023 and closes on November 24, 2023.
Tata Technologies IPO lot size is 30, and the minimum amount required for application is ₹15,000.
You can apply in Tata Technologies IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Tata Technologies IPO will be done on Tuesday, November 28, 2023, and the allotted shares will be credited to your demat account by Wednesday, November 29, 2023. Check the Tata Technologies IPO allotment status.
The Tata Technologies IPO listing date is on Thursday, November 30, 2023.
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