Tata Technologies IPO Subscription 2023 - Key Dates, Price Range, Lot Size and Application Guidelines

Tata Technologies IPO Subscription 2023 - Key Dates, Price Range, Lot Size and Application Guidelines

The world of investment opportunities is constantly changing. The upcoming Tata Technologies IPO is a promising venture for investors interested in engineering services and digital solutions. This guide provides a comprehensive understanding of the key aspects of this IPO and how it can potentially improve your financial portfolio.

Introduction: Unveiling Tata Technologies

Tata Technologies, a subsidiary of Tata Motors, has been a major player in the global engineering services industry since 1994. The company has earned a distinguished position within the sector and specializes in product development and digital solutions primarily for the automotive, aerospace, and industrial heavy machinery sectors.

IPO Overview - Essential Dates and Figures

  • IPO Date: November 22, 2023, to November 24, 2023
  • Price Band: Rs 475 to Rs 500 per share
  • Face Value: Rs 2 per share
  • Lot Size: 30 Shares
  • Total Issue Size: 60,850,278 shares (aggregating up to Rs 3,042.51 Cr)
  • Listing Date: December 5, 2023
  • Offer Structure: Unpacking the Details

The Tata Technologies IPO aims to raise approximately Rs 3,042.51 crores at the upper price band. The issue comprises an offer-for-sale by both investors and promoters, with notable entities such as Tata Motors, Alpha TC Holdings Pte Ltd, and Tata Capital Growth Fund I participating.

Promoter's Offering: Tata Motors plans to offload 4.62 crore equity shares, valued at Rs 2,314 crore.

Investor Participation: Investors like Alpha TC Holdings Pte Ltd and Tata Capital Growth Fund I will collectively sell shares worth Rs 486 crore and Rs 243 crore, respectively.

Employee and Shareholder Reservations: Tata Technologies has reserved 20.28 lakh shares for its employees and 60.85 lakh shares for Tata Motors' shareholders.

Valuation and Price Band: Understanding the Numbers

Tata Technologies has set the price band for its IPO at Rs 475-500 per share. At the upper price band, the company's valuation stands at Rs 20,283 crore. Investors can bid for a minimum of 30 equity shares, and subsequent bids must be in multiples of 300.

Financial Snapshot: Tracing Tata Technologies' Growth

The company's financials reveal a robust performance over the years, with significant year-on-year growth. As of March 2023, Tata Technologies reported a consolidated net profit of Rs 624 crores, marking a 42.8% increase from the previous year. The total revenue also witnessed a commendable rise of 25.81%.

Financial Breakdown (in Rs crores):

  • 31 March, 2020: Total Assets - 2,572.97, Total Revenue - 2,896.96, Profit After Tax - 251.57, EPS - 6.20
  • 31 March, 2021: Total Assets - 3,572.74, Total Revenue - 2,425.74, Profit After Tax - 239.17, EPS - 5.89
  • 31 March, 2022: Total Assets - 4,218.00, Total Revenue - 3,578.38, Profit After Tax - 436.99, EPS - 10.77
  • 31 March, 2023: Total Assets - 5,201.49, Total Revenue - 4,501.93, Profit After Tax - 624.04, EPS - 15.38

How to Apply:

For those keen on participating in the Tata Technologies IPO online:

  1. Paytm
  2. Groww
  3. Upstox
  4. Zerodha
  5. 5 Paisa
  6. Angel One 

Conclusion: Navigating Your Investment Journey

The Tata Technologies IPO, scheduled to open on November 22, 2023, presents a compelling opportunity for investors to be part of a company with a proven track record of growth and innovation. As with any investment, it is crucial to conduct thorough research, considering the company's financials, objectives, and associated risks. The IPO journey is set to conclude on November 24, 2023, with the listing date scheduled for December 5, 2023. Embark on this financial venture wisely, keeping in mind your investment goals and the potential rewards that the Tata Technologies IPO may offer. 

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