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IPO Status: Listed [22nd Nov 2023 to 24th Nov 2023]
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.
| 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 |
Get important updates regarding Tata TechnologiesIPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| 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
| 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) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 30-11-2023 | 500.00 | 475 | 10800/151200 | ₹975 (95%) | 30-Nov-2023 8:27 |
Zerodha Trade@20
**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.
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:
| Incorporation | Sector | IPO Issue Size | Website |
| 1994 | Engineering Services | ₹3042.51 Cr | http://www.tatatechnologies.com/ |
The objects of the Offer are:
The table below is live update of IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | EMP | Other | Total | |
|---|---|---|---|---|---|---|---|
| # of Shares Offered | 10,547,382 (23.42%) | 7,910,537 (17.57%) | 18,457,919 (40.99%) | 2,028,342 | 6,085,027 | 45,029,207 | |
| 1 | 22nd Nov 2023 19:04 | 4.08x | 11.93x | 6.05x | 1.27x | 5.61x | 6.34x |
| 2 | 23rd Nov 2023 19:04 | 8.55x | 31.19x | 11.56x | 2.47x | 20.48x | 15.10x |
| 3 | 24th Nov 2023 19:04 | 203.41x | 62.11x | 16.50x | 3.70x | 29.20x | 69.43x |
Past performance and financial results of Tata Technologies.
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 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 |
| Revenue | 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 |
| Total Borrowing | ||||
| Amount in ₹ Crore | ||||
Last Updated on 02-Dec-2023 23:32:53
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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To subscribe or apply in Tata Technologies IPO, you can use the following methods:
| Tata Technologies IPO Applying Mode | ||
| Online Application | 3-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 Application | 2-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 Application | ASBA | 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 Application | Physical 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
Or
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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;
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.
