Tata Technologies Limited is a multinational product engineering company that offers services in engineering and design, product lifecycle management, manufacturing, product development, and IT service management. The company was incorporated in 1994 and has over 9,300 employees.
Tata Technologies offers product development and digital solutions to global original equipment manufacturers (OEMs) and their tier-1 suppliers. The company’s clients include JLR and Tata Motors.
The Tata Technologies IPO opens for subscription on November 22. The price band is set at Rs 475-500 per share. The issue comprises only an offer-for-sale (OFS) by the promoter and investors, and there is no fresh issue component.
The Tata Tech IPO has reserved not more than 50% of the shares in the public issue for Qualified Institutional Buyers (QIB), not less than 15% for Non Institutional Investors (NII), and not less than 35% of the offer is reserved for Retail Investors.
Tata Technologies Limited IPO Timeline
| Particular | Date |
| IPO Open Date | 22 Nov 2023 |
| IPO Close Date | 24 Nov 2023 |
| Allotment Date | 29 Nov 2023 |
| IPO Listing Date | 30 Nov 2023 |
Tata Technologies Limited IPO Details
| Issue Type | Book Built Issue IPO |
| Face Value | Rs. 2 Per Equity Share |
| IPO Price | Rs. 475 to Rs.500 Per Equity Share |
| Market Lot | 30 Share |
| ISIN Code | |
| Listing At | NSE &ANDBSE |
| Issue Size | Approx. Rs. 3042 Crore. |
Tata Technologies Limited IPO Lot Size
| Application | Lots | Shares | Amount |
| Minimum | 1 | 30 | Rs. 15000 |
| Maximum | 13 | 390 | Rs. 195000 |
| Small HNI (Minimum) | 14 | 420 | Rs. 210000 |
| Big HNI (Minimum) | 67 | 1980 | Rs. 1005000 |
Tata Technologies Limited IPO Details Allotment Status
Company Financials:
| Particular | 31 March 2023 | 31 March 2022 | 31 March 2021 |
| Total Assets | 5201.49 | 4218.00 | 3572.74 |
| Total Revenue | 4501.93 | 3578.38 | 2425.74 |
| Profit After Tax | 624.04 | 436.99 | 239.17 |
Company Promoters:
Tata Motors Limited is the Promoter of the company.
Purpose of the issue
- Achieve the benefits of listing the Equity Shares on the Stock Exchanges;
- Carry out the Offer for Sale of up to 95,708,984 Equity Shares by the Selling Shareholders.
Registrar & Company Details
| Company Contact Information | IPO Registrar |
| Tata Technologies Limited Plot No. 25, Rajiv Gandhi Infotech Park Hinjawadi, Pune 411 057 Phone: +91 20 6652 9090 Email: ipo@tatatechnologies.com Website: http://www.tatatechnologies.com/ | Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: esaf.ipo@damcapital.in Website: https://linkintime.co.in/mipo/ipoallotment.html |
