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Tata Technologies IPO Details 2023

IPO Status: Listed [22nd Nov 2023 to 24th Nov 2023]

Rated 3/5 by Team InvestorGain
Tata Technologies IPO Detail

Tata Technologies IPO, a part of Tata Group is ready to issue its IPO worth Rs 3,042.51 cr through 100% OFS. The IPO opens for subscription from 22 Nov to 24 Nov 2023. The face value is Rs 2 per share and the issue price is fixed at Rs 475-500 per share and lot size is 30 shares. The issue also has 10% shareholder quota. Stay tuned with us to know more info about Tata Technologies IPO including business overview, strengths, financials, shareholder reservation, grey market premium (GMP), live subscription, and allotment status.

Tata Technologies IPO Details

IPO Issue Opening Date: 22nd Nov 2023
IPO Issue Closing Date: 24th Nov 2023
IPO Issue Price: ₹475.00-500.00 Per Share
DRHP: Download DRHP
RHP: Download RHP
Anchor List: Download Anchor List
IPO Listing At: BSE, NSE
Retail Quota: Not less than 35% of the Net Issue
IPO Issue Type: Book Build Issue
IPO Issue Size: ₹3042.51 Cr
Offer for Sale: ₹3042.51 Cr
Face Value: ₹2 Per Equity Share
IPO Discount: TBD
Promoter Holding Pre IPO: 66.79%
Promoter Holding Post IPO: 55.39%
Allotment Status: Allotment Status
BSE Code: 544028
NSE Code: TATATECH

Tata Technologies IPO Important Dates

Get important updates regarding Tata Technologies IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.

Tata Technologies IPO dates
IPO Activity Date
Basis of Allotment Date* 28th Nov 2023
Refunds Initiation* 29th Nov 2023
Credit of Shares to Demat* 29th Nov 2023
IPO Listing Date* 30th Nov 2023

* - Tentative Dates

Tata Technologies IPO Lots

IPO Activity Date
Issue Price ₹475.00-500.00
Market Lot: 30 Shares
1 Lot Amount: ₹15000
Min Small HNI Lots(2-10 Lakh): 420 shares (14 lots)
Min Big HNI Lots(10+ Lakh): 2010 shares (67 lots)

Tata Technologies IPO GMP**

GMP DateIPO PriceGMPSub2 Sauda RateExpected Listing GainLast Updated
30-11-2023500.0047510800/151200₹975 (95%)30-Nov-2023 9:27
IPO Live GMP

**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.

About Company - Tata Technologies

Tata Technologies Limited was incorporated in New Delhi in 1994 under the name "Core Software Systems Private Limited". The Company is a leading global engineering services provider offering product development and digital solutions, including turnkey solutions, to global original equipment manufacturers ("OEMs") and their Tier 1 suppliers. The company is committed to creating value for its customers by helping them develop products that are safer, cleaner and improve the quality of life for their end customers. The company has extensive expertise in the automotive industry and uses this to support its customers in adjacent industries such as aerospace, transportation and heavy equipment manufacturing ("TCHM").

In an increasingly complex world with shorter product innovation times and rapid technological change, the company believes its globally distributed onshore-offshore service delivery helps meet its customers' needs. Tata Tech leverages its extensive manufacturing expertise to provide value-added services to its customers in support of their digital transformation initiatives, including product development, manufacturing and customer experience management.

Tata Tech structures its businesses primarily as follows:

  • Services
  • Technology

Tata Technologies IPO Strengths

  • Deep expertise in the automotive industry
  • Differentiated capabilities in new age automotive trends –electric vehicles (“EVs”), connected and autonomous.
  • Strong digital capabilities bolstered by proprietary accelerators
  • Marquee set of clients across anchor accounts, traditional OEMs and new energy vehicle companies
  • Global delivery model enabling intimate client engagement and scalability
  • Proprietary e-learning platform leveraging our manufacturing domain knowledge to tap into the large upskilling and reskilling market
  • The well-recognized brand with experienced Promoter, board of directors and management team

Tata Technologies IPO Shareholder Quota Details

  • Tata Motors and Tata Motors DVR shareholders are eligible to apply for Tata Tech IPO under the shareholder reservation quota.
  • To be eligible to apply in the shareholder quota, you must be company’s existing shareholder by record date i.e., 13 Nov 23 or you must have Tata Motors or Tata Motors DVR shares in your Demat account by 13 Nov 23.
  • Investors can place an IPO bid of maximum Rs 2 lakh in the shareholder quota.
  • Eligible shareholders can apply in multiple categories i.e., one in retail or HNI/NII category and 2nd application in shareholder category.
  • Allotment of shares in the shareholder quota is done on a proportionate basis.

Tata Technologies IPO Employee Quota

  • Tata Tech IPO has 0.5% of total issue size (20,28,342 shares) reserved for employees.
  • Employees are eligible to apply in 3 categories; Shareholder quota + Employee quota + Retail or HNI (small HNI or Big HNI).
Incorporation Sector IPO Issue Size Website
1994 Engineering Services ₹3042.51 Cr http://www.tatatechnologies.com/

Tata Technologies IPO Objective

The objects of the Offer are:

  1. Achieve the benefits of listing the Equity Shares on the Stock Exchanges;
  2. Carry out the Offer for Sale of up to 95,708,984 Equity Shares by the Selling Shareholders.

Our experts can help you prepare for SME IPO

Tata Technologies IPO Live Subscription (NSE + BSE)

The table below is live update of IPO bidding details from NSE and BSE.

  • Qualified Institutional Buyers: 10,547,382 Shares
  • Non-Institutional Investors: 7,910,537 Shares
  • Retail Individual Investor: 18,457,919 Shares
  • Employees Quota: 2,028,342 Shares
  • Shareholders and Other Quota: 6,085,027 Shares
IPO Bidding Live Updates from BSE + NSE
Day QIBNIIRIIEMPOtherTotal
 # of Shares Offered10,547,382 (23.42%)7,910,537 (17.57%)18,457,919 (40.99%)2,028,3426,085,02745,029,207
122nd Nov 2023 19:044.08x11.93x6.05x1.27x5.61x6.34x
223rd Nov 2023 19:048.55x31.19x11.56x2.47x20.48x15.10x
324th Nov 2023 19:04203.41x62.11x16.50x3.70x29.20x69.43x

Tata Technologies Limited Financial Information (Restated Consolidated)

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 Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets5,142.425,201.494,218.003,572.74
Revenue2,587.424,501.933,578.382,425.74
Profit After Tax351.90624.04436.99239.17
Net Worth2,853.132,989.472,280.162,142.15
Reserves and Surplus2,455.292,605.602,028.931,897.46
Total Borrowing
Amount in ₹ Crore

Tata Technologies IPO Peer Comparison

The table below show peer comparison from DRHP/RHP.

CompanyEPS BasicEPS DilutedNAVP/E(x)RoNWFinancial statements
Tata Technologies Limited15.3815.3773.6520.87Consolidated
KPIT Technologies Limited14.113.9561.5880.3122.91Consolidated
L&T Technology Services Limited110.8110.48470.6637.4723.54Consolidated
Tata Elxsi Limited121.26121.26334.9261.5536.21Consolidated

Company Address

Tata Technologies Limited
Plot No. 25, Rajiv Gandhi Infotech Park Hinjawadi
Pune,Maharashtra-411 057
India
Website: http://www.tatatechnologies.com/
Phone: +91 20 6652 9090
Email: [email protected]

Tata Technologies IPO Registrar

Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai - 400083
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Phone: +91-22-4918 6270
Email: [email protected]
Tata Technologies IPO Important dates - Issue Open Date, close Date, IPO Listing Date. IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, IPO Listing date. What is the issue open date and close date for Tata Technologies? Should I apply in Tata Technologies IPO?

Last Updated on 04-Dec-2023 06:02:44

FAQs

Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Tata Technologies IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Tata Technologies IPO with Zerodha.

Alternate approch to apply in Tata Technologies IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.

Tata Technologies IPO Review and Important Updates

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Apply in Tata Technologies IPO online

To subscribe or apply in Tata Technologies IPO, you can use the following methods:

MethodDetails
Tata Technologies IPO Applying Mode
Online Application3-in-1 Trading Account

If your broker is 3-in-1 service provider, you can apply in Tata Technologies IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment.

Online Application2-in-1 Trading Account

Brokers like Zerodha, TradeSmart Online provides access to applying in Tata Technologies IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online.

Online ApplicationASBA

This is one of the most popular mode of applying in Tata Technologies IPO. Most of the Syndicate Banks provide access to apply in Tata Technologies IPO via ASBA process. You must have your net banking access, DP ID information to apply in Tata Technologies IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account.

Offline ApplicationPhysical Form

You can apply in Tata Technologies IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app.

Tata Technologies IPO Review and Important Updates

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Applying in Tata Technologies IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download Tata Technologies IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.

For more details on how to use UPI payment method to apply Tata Technologies IPO, please refer article >> Link

Tata Technologies IPO Review and Important Updates

Steps to download the online application form for Tata Technologies IPO

  • Step1:Click here.
  • Step2: Click on “Bid-cum Application Form Download
  • Step3: Above Step will open an online form.
  • Step4: Enter your Name, PAN, DP Type, DP Information, UPI No, Bank information (Do not enter), Address, email, phone, Transaction Type - "ASBA".
  • Step5: Fill bid details - min 30 and max 390 shares (13 lots).
  • Step6: Now fill the character given in Box, read and agree on terms and conditions and click on the download button.
  • Step7: This will fill your application online and give you a pdf file.
  • Step8: Take a print of this document and go to your bank for UPI transactions.
  • Or

  • You can download “Blank Application Form Download” and fill all the required filed and submit to the nearest bank for UPI transaction.

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Tata Technologies IPO is going to be list on 30-11-2023. NSE Code for Tata Technologies is TATATECH. BSE Code for Tata Technologies is 544028.

Other relevant questions:

When Tata Technologies IPO will be listing? Tata Technologies IPO NSE listing date?Tata Technologies IPO date of listing.Tata Technologies IPO BSE listing date?

 

Tata Technologies IPO Allotment Date is 28-11-2023.

Other relevant questions:

Tata Technologies IPO share allotment date?Tata Technologies IPO allotment date?

 

Tata Technologies IPO has reserved 60,85,027 shares or 10% of the total offer size reserved for Tata Motors Shareholders.

 

Any individual who has Tata Motors shares in their demat account by 13 Nov is eligible shareholder to subscribe to Tata Tech IPO in the shareholder quota.

 

Any person who is the shareholder of Tata Motors by 13 Nov (record date) can invest in the shareholder quota. The maximum investment limit in the shareholder quota is Rs 2 lakh.

 

Yes, all eligible shareholders of Tata motors can apply in following categories;

  1. Shareholder Quota or Shareholder reservation
  2. Retail or HNI/NII category: If you want to make an IPO bid of upto Rs 2 lakh, you can apply as a retail investor or if you want to invest more than Rs 2 lakh, shareholders can apply in the HNI category.

 

Tata Tech IPO has 20,28,342 shares or 0.5% of total issue size reserved for employees. All eligible employees can invest in the employee quota, shareholder quota, and HNI or retail category.

 

All Tata Tech IPO applications in the shareholder quota is restricted to Rs 2 lakh. But if you are an eligible shareholder and want to invest more than Rs 2 lakh, you should bid in the HNI/NII category.

Shareholders can place two applications; one in the shareholder category (maximum Rs 2 lakh) and one as a non-institutional investors with minimum investment amount of Rs 2 lakh.

 

No, there is no discount offered for all eligible Tata Motors shareholders and employee to apply for Tata Technologies IPO.

 

Whether you are holding shares of Tata Motors or Tata Motors DVR or both by 13 Nov, you are an eligible shareholder. Hence, you can apply in Tata Technologies IPO shareholder quota.

 


User Reviews

11. Prabhakar Chaturvedi Nov 24 2023 12:32:18 PM Reply
Can anyone explain the proportionate bases allotment of Tata technology IPO shareholders if application subscribed 35 times and I bid the application for 13 lot and if I got the allotment how many share I will get
11.1. Prabhakar Chaturvedi Nov 29 2023 11:51:17 PM
I got 1lot of 30 share
bid for 13 lot.
11.2. CA Sachin Nov 30 2023 08:43:17 AM
Lucky you, Your are still under retail category so you got one lot.All the best for listing.
10. Tanmay Jain Nov 24 2023 06:02:44 PM Reply
Have one doubt regarding IREDA IPO

can any one guide ?

BHNI subscription is 26.99 times but 5 mese 1 lagegi

SHNI subscription is 18.50 times but 15 mese 1 lagegi

Why 26.99 times me 5 mese 1
Aur 18.50 times me 15 mese 1 esa kyu??

9. shiv Nov 21 2023 04:31:25 PM Reply
I am having two Demat account , one in NSDL and other in CSDL Both with different broker. my both account have tata motors shares credit in it from more than one year. my question is can I apply from both account for Share Holder quota TATA TECH IPO and both application will be accepted OR I can only apply from one demat account. both account have same PAN Number.
9.1. Yogesh Khetani Nov 23 2023 09:15:52 AM
No matter how many Demat Accounts you have in one PAN Card, the rule of IPO is one application per PAN Card. So apply from any one of those but not from both.
8. Kaushal Jhaveri Nov 18 2023 05:14:15 PM Reply
I''ve not received mail regarding shareholder quota till now.
I''m eligible to bid in portion of share holder quota?
I''m holding Tata Motors shares.
8.1. Team Investorgain Nov 20 2023 12:15:46 PM
If you are holding Tata Motors Shares in your Demat account by 13 Nov, you are eligible to bid in the shareholder quota
7. sathya Nov 18 2023 07:02:04 AM Reply
TATA MOTORS DVR share holder also eligible for share holder quota? How to apply in share holder quota?
7.1. Shubham Nov 18 2023 11:24:23 AM
You must select the "shareholders'' quota in the "Investor type" option in Zerodha or your broker's application while applying for an IPO.
6. dhaval Nov 17 2023 04:46:52 PM Reply
can i apply in HNI category along with shareholder quota 2 lac application???
6.1. Team investorgain Nov 17 2023 08:50:26 PM
Yes, shareholders can apply in shareholder quota and HNI category.
The maximum investment amount in shareholder category is Rs 2 lakh while in HNI category, the minimum bid amount is Rs 2 lakh.
5. Raghavendra Singh May 01 2023 02:30:08 AM Reply
Tata Technologies IPO whether to invest or not.
4. Henant kumar upadhyay May 01 2023 02:30:08 AM Reply
Tata Technologies IPO good or bad.
3. harshad May 01 2023 02:30:08 AM Reply
Please confirm Tata Technologies IPO GMP (grey market premium) and kostak.
2. Dharmendra Yadav May 01 2023 02:30:08 AM Reply
Tata Technologies IPO expected listing gain.