Bookbuilding IPO | ₹3,043 Cr | Listed at BSE, NSE | Wed, Nov 22, 2023 - Fri, Nov 24, 2023
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 per share. The lot size for an application is 30. The minimum amount of investment required by an retail is ₹15,000 (30 shares) (based on upper price). 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 Open
Wed, Nov 22, 2023
IPO Close
Fri, Nov 24, 2023
Issue Price
₹500 per share
Market Cap (Pre-IPO)
₹20,283.43 Cr
| IPO Date | 22 to 24 Nov, 2023 |
| Listed on | Thu, Nov 30, 2023 |
| Face Value | ₹2 per share |
| Price Band | ₹475 to ₹500 |
| Issue Price | ₹500 per share |
| Lot Size | 30 Shares |
| Sale Type | OFS only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 6,08,50,278 shares (agg. up to ₹3,043 Cr) |
| Offer for Sale | 6,08,50,278 shares of ₹2 (agg. up to ₹3,043 Cr) |
| Share Holding Post Issue | 40,56,68,530 shares |
| BSE Script Code / NSE Symbol | 544028 / TATATECH |
| ISIN | INE142M01025 |
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 (Ex- Anchor), 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 | Max 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%) |
Investors can bid for a minimum of 30 shares and in multiples thereof.
| 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 |
Tata Technologies IPO raises ₹791.05 crore from anchor investors. Tata Technologies IPO Anchor bid date is November 21, 2023.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Nov 21, 2023 |
| Shares Offered | 1,58,21,071 |
| Anchor Portion (₹ Cr.) | 791.05 |
| Anchor lock-in period end date for 50% shares (30 Days) | Thu, Dec 28, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | Mon, Feb 26, 2024 |
| 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 | 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:
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.
| 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 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Achieve the benefits of listing the Equity Shares on the Stock Exchanges | |
| 2 | Carry out the Offer for Sale of 60,850,278*Equity Shares by the Selling Shareholder |
| KPI | |
|---|---|
| RoNW | 20.87% |
| PAT Margin | 14.14% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 15.37 | |
| P/E (x) | 32.53 | 28.82 |
| Promoter Holding | 66.79% | 55.39% |
| Market Cap | ₹20,283.43 Cr. |
The Tata Technologies IPO is subscribed 69.43 times on November 24, 2023 7:02:00 PM (Day 3). The public issue subscribed 16.5 times in the retail category, 203.41 times in the QIB category, and 62.11 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 203.41 | 1,05,47,382 | 2,14,53,93,930 |
| NII | 62.11 | 79,10,537 | 49,13,23,830 |
| bNII (bids above ₹10L) | 70.67 | 52,73,691 | 37,27,14,120 |
| sNII (bids below ₹10L) | 44.98 | 26,36,846 | 11,86,09,710 |
| Retail | 16.5 | 1,84,57,919 | 30,46,16,550 |
| Employee | 3.7 | 20,28,342 | 75,02,010 |
| Others | 29.2 | 60,85,027 | 17,76,55,920 |
| Total | 69.43 | 4,50,29,207 | 3,12,64,92,240 |
Total Application : 73,25,011
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Managers’ fees including underwriting commission, brokerage and selling commission, as applicable | 54.67 |
| 2 | Commission/processing fee for SCSBs, Sponsor Banksand Bankers to the Offer. Brokerage, underwriting commission and selling commission for Syndicate Memberand bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | 26.78 |
| 3 | Fees payable to the Registrar to the Offer | 1.47 |
| 4 | Fees payable to the auditors, consultants, legal counsel, market research firm and other parties to the Offer | 42.69 |
| 5 | SEBI filing fees, upload fees, BSE andNSE processing fees, book building software fees and other regulatory expenses | 12.34 |
| 6 | Printing and distribution of issue stationery | 1.95 |
| 7 | Advertising and marketing expenses | 7.97 |
| 8 | Miscellaneous | 1.16 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹500.00 | ₹500.00 |
| Open | ₹1,199.95 | ₹1,200.00 |
| Low | ₹1,199.95 | ₹1,200.00 |
| High | ₹1,400.00 | ₹1,400.00 |
| Last Trade | ₹1,314.25 | ₹1,313.00 |
Tata Technologies IPO is a main-board IPO of 6,08,50,278 equity shares of the face value of ₹2 aggregating up to ₹3,043 Crores. The issue is priced at ₹500 per share. The minimum order quantity is 30.
The IPO opens on Wed, Nov 22, 2023, and closes on Fri, Nov 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 Wed, Nov 22, 2023 and closes on Fri, Nov 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 Wed, Nov 29, 2023. Check the Tata Technologies IPO allotment status.
The Tata Technologies IPO listing date is on Thu, Nov 30, 2023.
