New Mainline IPO: Tata Technologies Limited IPO 2023
The Tata Technologies IPO is a book-built issue with a total value of Rs 3,042.51 crores, consisting entirely of an offer for sale of 6.09 crore shares.
Subscription for the Tata Technologies IPO commences on November 22, 2023, and concludes on November 24, 2023. The allotment for this IPO is anticipated to be completed by Thursday, November 30, 2023. The listing of Tata Technologies IPO is scheduled for Tuesday, December 5, 2023, on both the BSE and NSE
Tata Technologies IPO price band is set at ₹475 to ₹500 per share. The minimum lot size for an application is 30 Shares. The minimum amount of investment required by retail investors is ₹15,000. The minimum lot size investment for sNII is 14 lots (420 shares), amounting to ₹210,000, and for bNII, it is 67 lots (2,010 shares), amounting to ₹1,005,000.
Book Running Lead Manager: Tata Technologies IPO
Tata Technologies Limited IPO 2023 Details with Offer
| Tata Technologies Limited IPO | TimeLine |
| Bid/ Offers Opens On | 22-Nov-2023 |
| Bid/ Offers Closes On | 24-Nov-2023 |
| Allotment On | 30-Nov-2023 |
| Initiation Refunds On | 01-Dec-2023 |
| Credit of Shares to Demat | 04-Dec-2023 |
| Listing On | 05-Dec-2023 |
| Cut-Off for Mandate Confirmation | 24-Nov-2023 |
| Total Issue Size Details | 60,850,278 Shares |
| Issue Type | Equity |
| Issue Size (In Rs.) | 3042.51 Cr |
| Face Value (In Rs.) | 2/- Per Share |
| Price Band (In Rs.) | 475-500 |
| Bid Lot Size | 30 Shares |
| Issue Type | Book Built Issue IPO |
| Listing On | BSE, NSE |
| IPO Registrar | Link Intime India Private Ltd. |
Comprehensive Details Consult for the Tata Technologies Limited IPO
Anchor Investors in Tata Technologies IPO
Lot Size of the Tata Technologies Limited IPO 2023
| IPO Details | Category | Lot | Share/Amount |
| Min Bid Lot | Retails | 1 | 30 |
| Max Bid Lot | Retails | 13 | 390 |
| Min Bid Lot | S-HNI | 14 | 420 |
| Max Bid Lot | S-HNI | 66 | 1980 |
| Min Bid Lot | B-HNI | 67 | 2010 |
Expected GMP of the Tata Technologies Limited IPO in Details
| GMP | Estimate Listing Price (In Rs.) | As Per Date |
| 414 | 914 | 26-11-2023 |
| 403 | 903 | 23-11-2023 |
| 395 | 895 | 22-11-2023 |
| 355 | 855 | 21-11-2023 |
| 350 | 850 | 20-11-2023 |
| 350 | 850 | 18-11-2023 |
| 354 | 854 | 17-11-2023 |
| 370 | 870 | 16-11-2023 |
| 298 | 798 | 15-11-2023 |
| 275 | 775 | 10-11-2023 |
| 270 | 770 | 05-11-2023 |
Know Expected Profit as per GMP of the Tata Technologies Limited IPO 2023
| Details of Tata Technologies Limited IPO 2023 | Profit Calculation As Per GMP (for 1 Lot) |
| Share/Quantity | 30 |
| Price | 475-500 |
| Total | 15,000/- |
| GMP | 414 |
| Estimate Price | 914 |
| Est. Listing Percentage (%) | 82.80% |
| Estimate Profit | Around 12,420/- |
| Result (Profit/Loss) | Profit |
| Recommendations | May Apply |
Check IPO Application Allotment Status : Click Here
The Tata Technologies Limited Financial Information (Restated Consolidated)
| Time Period | 31-Sept-23 | 31-March-23 | 31-March-22 |
| Assets | 5142.42 | 5201.49 | 4218.00 |
| Revenue | 2587.42 | 4501.93 | 3578.38 |
| Profit After Tax | 351.90 | 624.04 | 436.99 |
| Net Worth | 2853.13 | 2989.47 | 2280.16 |
| Reserves and Surplus | 2455.29 | 2605.60 | 2028.93 |
|
Amount In Crore |
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Tata Technologies IPO Registrar
Link Intime India Private Limited
Phone: +91-22-4918 6270
Email: tatatechnologies.ipo@linkintime.co.in
Website : Link Intime India Private Ltd.
About Tata Technologies Limited
Incorporated in 1994, Tata Technologies Limited is a leading global engineering services company. They offer product development and digital solutions. This includes turnkey solutions, to global original equipment manufacturers (OEMs) and their tier-1 suppliers.
Tata Technologies aspire to create value for their customers by assisting them in the development of products that are safer, cleaner and improve the quality of life for the end customers.
With their deep domain expertise in the automotive industry, they have gained high expertise to serve clients in adjacent industries also, such as aerospace and transportation and heavy construction machinery.
The operation of Tata Technologies Limited is spread globally. They bring together diverse teams from different parts of the world with varied skill sets to collaborate in real time and solve complex engineering problems.
Read More from Official Website of Tata Technologies Limited : Click Here
About Initial Public Offerings (IPO)
The Capital market represents the “Primary Market” and the “Secondary Market. The capital market has two interdependent and inseparable segments, the new issuers (the primary market) and stock (secondary) market. The primary market is used by issuers for raising fresh capital from the investors by making initial public offers or rights issues or offers for sale of equity or debt. An active secondary market promotes the growth of the primary market and capital formation, since the investors in the primary market are assured of a continuous market where they have an option to liquidate their investments.
A corporate may raise capital in the primary market by way of an initial public offer, rights issue or private placement. An Initial Public Offer (IPO) is the selling of securities to the public in the primary market. It is the largest source of funds with long or indefinite maturity for the company.
An IPO is an important step in the growth of a business. It provides a company access to funds through the public capital market. An IPO also greatly increases the credibility and publicity that a business receives. In many cases, an IPO is the only way to finance quick growth and expansion. In terms of the economy, when a large number of IPOs are issued, it is a sign of a healthy stock market and economy.
When the company makes its first IPO to the public, the relationship is directly between the company and investors, and the money flows to the Company as its “Share Capital”. Shareholders thus become owners of the Company through their participation in the Company’s IPO and have ownership rights over the company. This is the largest source of funds for a company, which enables the company to create “Fixed Assets” which will be employed in the course of the business. The shareholders of the Company are free to exit their investment through the secondary market.
What is Book Building?
SEBI guidelines defines Book Building as “a process undertaken by which a demand for the securities proposed to be issued by a body corporate is elicited and built-up and the price for such securities is assessed for the determination of the quantum of such securities to be issued by means of a notice, circular, advertisement, document or information memoranda or offer document”.
Book Building is basically a process used in Initial Public Offer (IPO) for efficient price discovery. It is a mechanism where, during the period for which the IPO is open, bids are collected from investors at various prices, which are above or equal to the floor price. The offer price is determined after the bid closing date.
Difference between Book Building Issue and Fixed Price Issue
In Book Building securities are offered at prices above or equal to the floor prices, whereas securities are offered at a fixed price in case of a public issue. In case of Book Building, the demand can be known everyday as the book is built. But in case of the public issue the demand is known at the close of the issue.
Grey Market Premium of theTata Technologies IPO
The Grey Market Premium (GMP) represents the unofficial, unregulated trading price of an IPO before its official listing. It indicates how the IPO of a specific company might perform on the listing day. A positive GMP suggests potential profitability, while a negative GMP suggests a possible discount.
It’s important to highlight that IPO GMP is highly volatile, making investment decisions solely based on the Tata Technologies IPO GMP risky. Therefore, before making an investment, it is crucial to consider all relevant factors and make an informed decision on whether to invest in the Tata Technologies IPO or not.
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