Unlocking Growth: Tata Technologies IPO Set to Reshape the Future – A Comprehensive Guide

Tata Technologies IPO: After nearly two decades, the Tata Group is gearing up to launch its initial public offering (IPO) in the primary market. The company plans to unveil its public offering as an Offer-For-Sale (OFS) on November 22. This marks Tata Group’s first IPO since the successful launch of Tata Consultancy Services (TCS) in 2004

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We are thrilled to share the news that on this Monday, the 13th of November 2023, Tata Technologies Limited has officially submitted documents to the Registrar of Companies in Maharashtra. The IPO comprises an offer for sale of up to 60,850,278 equity shares, including (a) an offer by the company for up to 46,275,000 equity shares, (b) an offer by Alpha TCS Holdings PTE Limited for up to 9,716,853 equity shares, and (c) an offer by Tata Capital Growth Fund I for up to 4,858,425 equity shares. Each of these represents 11.41%, 2.40%, and 1.20% of Tata Technologies Limited’s post-issue equity share capital, respectively,” the company stated in a filing on November 13. initial public offering (IPO)

Tata Technologies IPO 2023

Tata Motors Limited’s subsidiary, Tata Technologies Limited, had filed a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India and the stock exchanges on March 9, 2023, for the initial public offering (IPO).

The IPO includes a reservation of up to 6,085,027 equity shares for eligible shareholders of Tata Motors Limited, i.e., individuals and HUFs, constituting 10% of the offer. The IPO opens for subscription on Wednesday, November 22, 2023, and closes on Friday, November 24, 2023. initial public offering (IPO)

On November 2, Tata Motors recorded a consolidated net profit of ₹3,783 crores in the second quarter, attributed to the robust performance of its British subsidiary, Jaguar Land Rover. This marks the fourth consecutive positive quarter for the domestic auto major.

Tata Consultancy Services Ltd. dividend

Tata Motors said Monday its engineering services subsidiary has filed its Red Herring Prospectus with the Registrar of Companies in Pune.

This IPO will entirely be an Offer for Sale (OFS) by existing shareholders, with Tata Motors intending to sell up to 46.2 million shares in the IPO, representing 11.4% of Tata Technologies’ equity.

Alpha TC Holdings will offload 9.7 million shares, or 2.4% of the company’s equity, and Tata Capital Growth Fund 1 will sell 4.9 million shares, representing 1.2% of its equity. Other investors in the company include Tata Motors Finance, Tata Enterprises Overseas, Zedra Corporate Services and Patrick Raymon McGoldrick.

The Tata Group’s last IPO was by Tata Consultancy in 2004, when the country’s biggest software exporter launched a ₹5,500-crore offer. The software services exporter has emerged as India’s second most valuable company, with a market capitalisation of ₹12.19 lakh crore.

Tata Technologies IPO is a book built issue of Rs 3,042.51 crores. The issue is entirely an offer for sale of 6.09 crore shares. Tata Technologies IPO opens for subscription on November 22, 2023 and closes on November 24, 2023. The allotment for the Tata Technologies IPO is expected to be finalized on Thursday, November 30, 2023.

Tata Technologies IPO is a book built issue of Rs 3,042.51 crores. The issue is entirely an offer for sale of 6.09 crore shares.

Tata Technologies IPO opens for subscription on November 22, 2023 and closes on November 24, 2023. The allotment for the Tata Technologies IPO is expected to be finalized on Thursday, November 30, 2023. Tata Technologies IPO will list on BSE, NSE with tentative listing date fixed as Tuesday, December 5, 2023.

Tata Technologies IPO price band is set at ₹475 to ₹500 per share. The minimum lot size for an application is 30 Shares. The minimum amount of investment required by retail investors is ₹15,000. The minimum lot size investment for sNII is 14 lots (420 shares), amounting to ₹210,000, and for bNII, it is 67 lots (2,010 shares), amounting to ₹1,005,000.