The Tata Technologies IPO (initial public offer) opens on November 22nd, creating a golden opportunity for investors. The company is expected to raise around ₹2,000 crore through the IPO. The IPO is expected to be a major event in the Indian capital markets and is likely to attract a lot of interest from investors. Don’t wait, take advantage of this exciting opportunity and prepare to invest. Don’t miss out on the chance to earn big!
Tata Group is also one of the giant companies in the country. It is also a favourite for many investors. After almost two decades, Tata Group’s company Tata Technologies is launching its IPO. This IPO will open for Offer for Sale (OFS). In such a situation, if you also invest in it, you should know about this IPO in detail.
This is the first IPO in two decades of Tata Group after the launch of Tata Consultancy Services (TCS) in the year 2004.
Tata Technologies IPO date
On the 13th of November 2023, the company said in its regulatory filing that they are going to open the IPO of Tata Technologies Limited on the 22nd of November 2023. This IPO offers a complete offer for sale. This year, on March 9, 2023, the company filed a draft red herring prospectus with the Securities and Exchange Board of India i.e. SEBI.
Certainly, this IPO will open on 22 November 2023 and close on 24 November 2023. Furthermore, Tata Motors has a 74.69% stake in Tata Technologies. The remaining Alpha TC Holdings holds 7.26% and Tata Capital Growth holds 3.63%.
Summary
Here are some key details about the Tata Technologies IPO:
Company: Tata Technologies Limited
IPO Type: Main-board IPO
Issue Size: ₹2,000 crore, 60,850,278 equity shares of the face value of ₹2 aggregating up to ₹[?] Crores
IPO Open Date: November 22, 2023
IPO Close Date: November 24, 2023
Allotment Date: Expected to be finalized on Thursday, November 30, 2023
Listing Date: The tentative listing date is fixed as Tuesday, December 5, 2023
Price band: Yet to be announced
Lot size: Yet to be announced
Minimum Order Quantity: Yet to be announced
Book building lead: ICICI Securities, Kotak Mahindra Bank, and Morgan Stanley
Listing Exchanges: BSE, NSE
Registrar: Link Intime India Private Ltd
Risk of Tata Technologies IPO
Here are some of the risks associated with Tata Technologies IPO:
- Economic slowdown could impact demand for engineering services
- Increased competition from other engineering services companies
- Depreciation of the Indian rupee could impact the company’s profitability
Know About Tata Technologies Limited
Tata Technologies Limited is an Indian engineering services company headquartered in Pune, Maharashtra. Moreover, Tata Technologies is a leading global engineering services company with a strong track record of delivering innovative and cost-effective solutions to its clients. The company has a deep understanding of the engineering challenges faced by its clients and is well-positioned to capitalize on the growing demand for engineering services in India and around the world.
Tata Technologies was started in the year 1988. Tata Technologies is a subsidiary of Tata Motors. It provides auto, aerospace, industrial heavy machinery and other industry product development and turnkey solutions services. They have more than 11,000 employees worldwide. Its business is spread all over the world. The company’s income has increased by 25% in the current financial year. At the same time, the company’s profit has also increased by about 63%.
Here are some of the strengths of Tata Technologies:
- Strong track record of delivering innovative and cost-effective solutions
- Deep understanding of the engineering challenges faced by clients
- Well-positioned to capitalize on the growing demand for engineering services
- Part of the Tata Group, one of India’s largest conglomerates
Overall, the Tata Technologies IPO is a promising investment opportunity for investors with a long-term investment horizon. The company has a strong track record of growth and is well-positioned to capitalize on the growing demand for engineering services. However, investors should be aware of the risks associated with the IPO before investing.
Please note that this information is for informational purposes only and should not be considered investment advice. It is important to conduct your research before making any investment decisions.