Tata Technologies IPO GMP, Analysis, price band, share 2023

Tata Technologies IPO description – Tata Technologies limited  is coming up with its Initial public offering. The IPO will be open for subscription on  22nd  november 2023

 

 

Tata Technologies IPO – Details

Tata Technologies IPO Dates 22 – 24 November 2023
Tata Technologies IPO Price INR 475 – 500 per share
Offer For Sale 60,850,278 shares (INR 2,890.39 – 3,042.51 crore)
Total IPO size 60,850,278 shares (INR 2,890.39 – 3,042.51 crore)
Minimum bid (lot size) 30 shares (INR 15,000)
Face Value  INR 2 per share
Retail Allocation 35%
Shareholder reservation 6,085,027 shares (10% shares)
Employee reservation 2,028,342 shares
Listing On BSE, NSE

 

 

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Tata Technologies IPO – Date Schedule

 

IPO Open Date 22 November 2023
IPO Close Date 24 November 2023
Basis of Allotment Date 30 November 2023
Initiation of Refunds 01 December 2023
Credit of Shares to Demat Account 04 December 2023
IPO Listing Date 05 December 2023

 

tata technologies ipo

 

Tata Technologies IPO- about company 

 

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.

 

tata technologies ipo
tata technologies ipo

 

Tata Technologies IPO- industry overview 

 

2021 was a remarkable year for ER&D spending, which witnessed the highest ever growth in a decade with enterprises
increasingly looking to future-proof and transform themselves with increased focus on digital engineering. The engineering
services and technology solutions industries are characterized by rapid technological changes, evolving industry standards,
changing client preferences and new product and service introductions. Currently, the global ER&D spend is estimated at
$1,635 billion (₹1,35,264 billion).

Despite macro factors such as extended geopolitical tensions, continued high inflation, and
expected recession, ER&D spending is expected to stay resilient and continue to grow steadily. Of the $1,635 billion (₹ 1,35,264
billion) ER&D market in 2021, $653 billion (₹54,023 billion) was attributed to digital engineering spend. This mainly
comprised of spends on new age technologies like Internet of Things (“IoT”), blockchain, 5G, AR/VR, cloud engineering,
digital thread initiatives, advanced analytics, embedded engineering, and AI/ML among others. Moreover, the digital
engineering spend is expected to grow at a CAGR of approximately 18% from 2021 to 2025.

 

 Tata Technologies Financial Performance

 

  FY 2021 FY 2022 FY 2023 H1 FY 2024
Revenue 2,380.91 3,529.58 4,414.18 2,526.70
Expenses 2,105.06 2,991.53 3,705.77 2,121.17
Net income 239.17 436.99 624.03 351.90
Margin (%) 10.05 12.38 14.14 13.93

Figures in INR Crores 

 

Tata Technologies Valuations 

 

FY 2021 FY 2022 FY 2023
EPS 5.89 10.77 15.37
PE ratio 30.90 – 32.53
RONW (%) 11.17 19.16 20.87
NAV 52.79 56.19 73.65
ROCE (%) 34.00 31.00
ROE (%) 26.41 27.06
EBITDA (%) 18.08 19.68 20.59
Debt/Equity 0.12 0.08

 

 

Tata Technologies IPO Competitive Strengths

  • Deep expertise in the automotive industry;
  • Differentiated capabilities in new age automotive trends – electric vehicles, connected and autonomous;
  • Strong digital capabilities bolstered by proprietary accelerators;
  • Marquee set of clients across anchor accounts, traditional OEMs and new energy vehicle companies;
  • Global delivery model enabling intimate client engagement and scalability;
  • Proprietary e-learning platform leveraging our manufacturing domain knowledge to tap into the large upskilling and reskilling market; and
  • Well-recognized brand with experienced Promoter, board of directors and management team.

 

 

Tata Technologies IPO- Object Of The Issue

 

  • Achieve the benefits of listing the Equity Shares on the Stock Exchanges;
  • Carry out the Offer for Sale of up to 95,708,984 Equity Shares by the Selling Shareholders.

 

Tata Technologies IPO Risks

 

  • A material portion of their revenue comes from the top 5 clients.
  • They derive their revenue primarily from the automotive industry, and its performance can impact the company’s operation, cash flow, and revenue.
  • Uncertainties in the EV sector can impact future operations and cash flow.

 

Tata Technologies IPO GMP Today

 

IPO GMP Kostak Subject to Sauda
350

Tata Technologies IPO Allotment Status

 

Tata Technologies IPO allotment status will be available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.

 

Tata Technologies IPO Peer Comparison

 

S. No. Face Value Company Name PE
1 10 KPIT Technologies Limited 83.10
2 2 L&T Technology Services Limited 40.92
3 10 Tata Elxsi Limited 70.67

Company Contact Information

 

Tata Technologies Limited

Plot No. 25,

Rajiv Gandhi Infotech Park Hinjawadi,

Pune 411 057

Phone: +91 20 6652 9090

Email: ipo@tatatechnologies.com

Website: http://www.tatatechnologies.com/

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/

 

2023-10-13 (4)

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