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Tata Technologies Limited
Issue Size (Net)
up to Rs.3,042.51 Cr
Price Band
Rs.475 to Rs.500 per share
Issue Opens
November 22, 2023
Issue Closes
November 24, 2023

Company Highlights

1.Company Information

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.

2. Objects of the Issue (Tata Technologies IPO Objectives)
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:

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.

3.Tata Technologies IPO Registrar
Link Intime India Private Ltd

Phone: +91-22-4918 6270

Email: tatatechnologies.ipo@linkintime.co.in

Website:https://linkintime.co.in/mipo/ipoallotment.html

Tata Technologies Limited peer comparison with similar listed entities. (Consolidated) (As on March 31, 2023)

Company Name
EPS Basic
EPS Diluted
NAV (per share)
P/E (x)
RoNW (%)
Tata Technologies Limited
15.38
15.37
73.65
20.87
KPIT Technologies Limited
14.1
13.95
61.58
80.31
22.91
L&T Technology Services Limited
110.8
110.48
470.66
37.47
23.54
Tata Elxsi Limited
121.26
121.26
334.92
61.55
36.21

Tata Technologies Limited Financial Information (Restated Consolidated)

Period Ended
Assets
Revenue
Profit After Tax
Net Worth
Reserves and Surplus
30-Sep-23
5142.42
2587.42
351.9
2853.13
2455.29
31-Mar-23
5201.49
4501.93
624.04
2989.47
2605.60
31-Mar-22
4218.00
3578.38
436.99
2280.16
2028.93
31-Mar-21
3572.74
2425.74
239.17
2142.15
1897.46
Amount in Rs. Crore

Tata Technologies IPO Details

Issue Opening Date
November 22, 2023
Issue Closing Date
November 24, 2023
Face Value
Rs.2 per share
Price
Rs.475 to Rs.500 per share
Lot Size
30 Shares
Issue Size
60,850,278 shares (aggregating up to Rs.3,042.51 Cr)
Offer for Sale
60,850,278 shares of Rs.2 (aggregating up to Rs.3,042.51 Cr)
Issue Type
Book Built Issue IPO
Listing At
BSE, NSE

Tata Technologies IPO Timeline

Event
Tentative Date
Opening Date
Wednesday, November 22, 2023
Closing Date
Friday, November 24, 2023
Basis of Allotment
Thursday, November 30, 2023
Initiation of Refunds
Friday, December 1, 2023
Credit of Shares to Demat
Monday, December 4, 2023
Listing Date
Tuesday, December 5, 2023
Cut-off time for UPI mandate confirmation
5 PM on November 24, 2023

Prospectus

Prospectus File

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