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Tata Technologies Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹500
Per ShareLot Size
30 Shares
Minimum Investment
₹15,000
Issue Size
₹3,042.51 Cr
Face Value
₹2
Per ShareIPO Type
Book Building
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
IPO Opens22 Nov
IPO Closes24 Nov
Basis of Allotment28 Nov
Refund Initiation29 Nov
Shares Credited29 Nov
Tata Technologies Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
64.79%
Promoter Holding (Post-Issue)
53.39%
Issue Type
Book Building
ISIN
INE142M01025
About the Company
Tata Technologies Limited is a leading global engineering services company offering product development and digital solutions, including turnkey solutions, to global original equipment manufacturers and its Tier 1 suppliers globally. With over two decades of experience, it has deep domain expertise in the automotive industry and leverage such expertise to serve its clients in adjacent industries, such as the aerospace and transportation and construction heavy machinery ("TCHM") industries. Through its globally distributed execution model, it leverages the skills and capabilities of its employees worldwide, ensuring balance between onshore client proximity and offshore efficiency to provide added value to its clients.
Industry Overview
The Company operates in the global engineering, research and development ("ER&D") services industry, primarily across automotive, aerospace and TCHM verticals. The global ER&D spend for 2022 was approximately $1.81 trillion and is expected to grow to approximately $2.67 trillion by 2026. The ER&D spend outsourced to third party service providers reached $105-$110 billion in 2022 and is anticipated to grow at a 11-13% CAGR between 2022 and 2026. The key growth drivers within the ER&D market include an increasing propensity to outsource, increasing regulatory interventions for safer and cleaner products, shrinking product innovation cycles and next-generation product technologies
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Consolidated figures
Revenue
Amount in ₹ crore
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offer of 60,850,278* equity shares of face value of Rs. 2 each ("Equity Shares") of Tata Technologies Limited ("Company") for cash at a price of Rs. 500 per equity share (including a premium of Rs. 498 per equity share) ("Offer Price") aggregating to Rs. 3042.51 crores* through an offer for sale (the "Offer") of 46,275,000* equity shares aggregating to Rs. 2313.75 crores* by Tata Motors Limited (the "Promoter Selling Shareholder"), 9,716,853* equity shares aggregating to Rs. 485.84 crores* by Alpha Tc Holdings Pte. Ltd., 4,858,425* equity shares aggregating to Rs. 242.92 crores* by Tata Capital Growth Fund i (together with Alpha Tc Holdings Pte. Ltd., the "Investor Selling Shareholders" and together the promoter selling shareholder and investor selling shareholders are referred to as, the "Selling Shareholders" and such equity shares offered by the selling shareholders, the "Offered Shares"). This offer included a reservation of 2,028,342* equity shares (constituting 0.50% of the post-offer paid-up equity share capital of the company) aggregating to Rs. 101.42 crores* for subscription by eligible employees (as defined hereinafter) (the "Employee Reservation Portion") and a reservation of 6,085,027* equity shares (constituting 10.00% of the offer) aggregating to Rs. 304.25 crores*, for subscription by eligible tml shareholders (as defined hereinafter) (the "TML" Shareholders Reservation Portion"). The offer less the employee reservation portion and the TML shareholders reservation portion is hereinafter referred to as the "Net Offer". The offer and the net offer will constitute 15.00% and 13.00% of the post-offer paid-up equity share capital, respectively. The face value of equity shares is Rs. 2 each and the offer price is 250 times the face value of the equity shares. * Subject to finalisation of basis of allotment.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Deep expertise in the automotive industry.
- Differentiated capabilities in new age automotive trends - electric vehicles, connected and autonomous.
Frequently Asked Questions
01What is the minimum investment required to apply for this IPO?
The minimum investment depends on the lot size and the upper price band of the issue. Investors must apply for at least one lot, and the total investment amount is calculated by multiplying the lot size by the upper price band.
02How is IPO allotment decided?
IPO allotment is determined based on demand and SEBI guidelines. If the IPO is oversubscribed in the retail category, allotment is typically done through a computerized lottery system to ensure fair distribution among eligible applicants.