Tata Technologies Limited IPO – Finogent.com
Introduction: Tata Technologies Limited IPO
The imminent Tata Technologies IPO has sparked substantial interest within the investment sphere. Below is an insightful overview encompassing essential details, financial insights, objectives, and an expert review of this upcoming offering.
| IPO Date | November 22, 2023 to November 24, 2023 |
| Listing Date | [.] |
| Face Value | ₹2 per share |
| Price Band | ₹475 to ₹500 per share |
| Lot Size | 30 Shares |
| Total Issue Size | 60,850,278 shares (aggregating up to ₹3,042.51 Cr) |
| Offer for Sale | 60,850,278 shares of ₹2 (aggregating up to ₹3,042.51 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 405,668,530 |
| Share holding post issue | 405,668,530 |
Tata Technologies IPO Lot Size
Investors have the option to bid for a minimum of 30 shares and in multiples of the same. The table below outlines the minimum and maximum investment ranges for retail investors and HNIs in terms of shares and amounts.
Tata Technologies IPO Promoter Holding
| Share Holding Pre Issue | 66.79% |
| Share Holding Post Issue | 55.39% |
Tata Motors Limited stands as the Promoter of Tata Technologies Limited.
About Tata Technologies Limited
Established in 1994, Tata Technologies Limited stands as a prominent global engineering services company. Their spectrum of offerings includes product development and digital solutions, providing turnkey solutions to global original equipment manufacturers (OEMs) and their tier-1 suppliers.
Tata Technologies aspires to add value to their customers by aiding in the development of products that prioritize safety, sustainability, and an enhanced quality of life for end-users.
Leveraging their extensive domain expertise in the automotive industry, they have expanded their capabilities to serve clients in related sectors like aerospace, transportation, and heavy construction machinery.
Operating on a global scale, Tata Technologies fosters collaboration among diverse teams with varied skill sets from different parts of the world. This collaborative effort addresses and resolves complex engineering challenges in real-time.
Tata Technologies Limited Financial Information (Restated Consolidated)
| 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 |
Tata Technologies Limited experienced a 25.81% increase in revenue and a notable 42.8% rise in profit after tax (PAT) between the financial years ending on March 31, 2023, and March 31, 2022.
Key Performance Indicator
| KPI | Values |
|---|---|
| P/E (x) | 32.53 |
| Market Cap (₹ Cr.) | 20283.43 |
| EPS (Rs) | 15.37 |
| RoNW | 20.87% |
The market capitalization of Tata Technologies IPO stands at Rs 20283.43 Cr, with a P/E (x) ratio of 32.53.
Objects of the Issue (Tata Technologies IPO Objectives)
The primary objectives of the Offer are:
- To realize the advantages of listing the Equity Shares on the Stock Exchanges.
- To execute the Offer for Sale of up to 95,708,984 Equity Shares by the Selling Shareholders.
Tata Technologies IPO Review (Apply)
[Dilip Davda’s Opinion] The “TATA” brand holds a significant preference among investors for its investor-friendly reputation. This IPO, marking a return after 19 years and 5 months, has garnered immense attention since the filing of its DRHP. Reporting growth in both revenue and profit, investors should consider seizing the opportunity to acquire Tata group shares at the offered price, anticipating medium to long-term rewards. The issue is reasonably priced, reflecting the esteemed “Tata” legacy. This investment opportunity shouldn’t be overlooked for its potential medium to long-term benefits.
