Tata Technologies Limited IPO bidding begin from 22 November 2023 and closed on 24 November 2023. And allotment date of Tata technologies limited was 28th November 2023.
About the Tata Technologies Limited
Further, The last IPO from Tata group was TCS in 2004. And it has been almost 20 years since any Tata group company listed on stock exchange. After that Tata technologies limited is coming up with an IPO. And will be listed on NSE and BSE on 30 , November 2023.
Moreover , Tata technologies limited was founded in 1989 and it is headquartered in Pune India. And this company is subsidiary of Tata Motors.
It is an Engineering Research & Development Company. And primarily focused on automotive industry. Further, the company is engage in providing outsource engineering services and digital transformation services to global manufacturing clients. Helping them conceive design develop and deliver better product to various industries such as aerospace ,industrial machinery , consumer goods and automotive.
Further, Tata Technologies Limited IPO price was ₹ 500. Moreover, according to the experts listing premium will be the 75-80 percent over issue price. It means issue price may be the ₹875-₹900 per share.
Tata Technologies Limited IPO has received huge response from various categories of investors.
In addition IPO price was ₹ 500 per share. The minimum lot size for an application was 30 share. The minimum amount of investment required by the retail investors was ₹15,000.
IPO Details
| Bidding date | Min. Investment | Lot size | Price range | Issue size |
| 22 Nov, 23 to 24 Nov, 23 | 15000 | 30 | ₹475-₹500 | 3,042.51cr |
Further, The IPO were fully subscribed in less than an hour. The subscription data are as follows:
| QIB | 4.08x |
| NII | 11.69x |
| Retail | 5.42x |
| Overall | 6.54x |
All of them Tata technologies is cheapest among the rivals where it comes to PE multiples.
PE Multiples
| Company | PE Ratio for FY 23 |
| Tata Technologies | 32.53 |
| KPIT Tech | 80.31 |
| LTTS | 37.47 |
| Tata Elxsi | 61.55 |
Further, Tata Motors controlling stake in Tata technologies post IPO is 53.38% and still the majority shareholder of the company.
Financial Details of the Tata Technologies Limited
| 2021 | 2022 | 2023 | |
| Revenue (Rs. in Cr.) | 2,381 | 3,530 | 4,414 |
| Profit (Rs. in Cr.) | 239 | 437 | 624 |
| Assets (Rs. in Cr.) | 3,573 | 4,218 | 5,201 |
