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Tata Technologies Limited-Logo

Employee - Tata Technologies Limited

TATATECH

₹475-500

per share
Bidding Dates
22-24 Nov
Min. Investment
₹14,250.00
Lot Size
30 shares
Issue Size
₹3042 Cr
IPO Timeline
Bidding starts
22 Nov ‘23
Bidding ends
24 Nov ‘23
Allotment finalisation*
29 Nov ‘23
Refund initiation*
29 Nov ‘23
Demat transfer
29 Nov ‘23
Listing
30 Nov ‘23
* Refund is a 7-10 days process. If you don’t get refund then please contact your bank.

About Tata Technologies IPO

Incorporated in 1989, Tata Technologies is a leading global engineering services and digital services company that specialises in providing innovative solutions to the automotive, aerospace, and industrial sectors.

Tata Technologies is a subsidiary of Tata Motors. This is an IPO from a Tata group company after a span of 19 years, following the successful  Tata Consultancy Services (TCS) IPO in June 2004. The Pune based company specialises in providing outsourced engineering services and driving digital transformations for clients worldwide. They have a workforce of over 11,000 employees spread across 18 global delivery centres.

The company’s core focus lies in assisting companies throughout the entire product development process, from conception and design to development and delivery, ultimately enabling the creation of superior products. Tata Motors and Jaguar Land Rover (JLR) are among the top five clients for Tata Technologies. It also counts VinFast, a southeast Asian EV OEM, among its most important clients.

The company saw a CAGR rise of over 22% in its revenue from operations and over 37% in its profit between FY21 and FY23. Moreover, the global engineering, research and development (ER&D) spend is expected to reach $2.67 trillion by 2026 from $1.81 trillion as of 2022. Out of these, ER&D spend outsourced to third-party service providers  is anticipated to grow at a CAGR of 11-13% between 2022 and 2026. All this could be beneficial for the company. 

This company is now launching the Tata Technologies Ltd IPO. The Tata Technologies IPO will be a complete offer for sale where existing shareholders and promoters will offload over 9.57 crore shares. Meanwhile, the company shares will be listed on NSE and BSE.      

Here are key Tata Technologies IPO details:

Company Name Tata Technologies Limited   Company Type Private
Company Established On 1994   Tata Technologies IPO Opening Date November 22, 2023
Tata Technologies IPO Closing Date November 24, 2023   Tata Technologies IPO Allotment Status November 29, 2023
Credit of Shares to the Demat Account November 29, 2023   Tata Technologies IPO Listing Date November 30, 2023
Tata Technologies IPO Face Value ₹2 per share   Tata Technologies IPO Lot Size 30 Shares
Tata Technologies IPO Issue Size ₹3,042.51 Cr   Tata Technologies IPO to be Listed on BSE, NSE
Tata Technologies IPO Price band  ₹475 to ₹500 per share      

Financial snapshot

Particulars FY21 FY22 FY23 6MFY24
Revenue ₹ 2381 crore ₹ 3529 crore ₹ 4414 crore ₹ 2526 crore
Net Profit ₹ 239 crore ₹ 436 crore ₹ 624 crore ₹ 114 crore

 

Here’s a quick look at Tata Technologies IPO’s strengths, weakness, opportunities and risks (SWOT analysis)

Strengths and opportunities

  1. Has deep domain knowledge and expertise in the automotive industry.
  2. Between 9MFY21 to 9MFY22, the company's EBITDA margin increased from 6% to 19.2%.
  3. In 9MFY22, 98% of the company's revenue to the services segment came from repeat clients.
  4. Offers end-to-end solutions for original equipment manufacturers (OEM) in developing competitive EVs, including concept design, engineering, and after-sales services.
  5. Has a proprietary e-learning platform that helps them leverage their manufacturing domain knowledge, allowing them to  tap into large upskilling and reskilling markets.
  6. Has a geographically diversified customer base across Asia Pacific, Europe and North America. For the first nine months of last year, 76% revenue came from foreign currencies.

Risks and threats

  1. Relies heavily on automotive clients, which accounted for 88.4% of its revenue in 9MFY22, making it vulnerable to economic downturns or segment-related factors.
  2. Faces revenue risk if its top five clients experience business decline or cessation. They contributed to 72.7% of its 9MFY22 revenue.
  3. Unauthorised access, security breaches, computer hacks, viruses, and disruptions pose threat to the company’s data centres and networks.
  4. Intense competition in the engineering services industry could affect the company’s pricing and have an adverse effect on their business, financial condition and results of operations.  

 

Tata Technologies Limited IPO details

|Tata Technologies Limited IPO date

The company has filed its Draft Red Herring Prospectus with the market regulator SEBI. The offer document filed by the company with the SEBI mentions that the Tata Technologies Limited IPO’s opening date – in other words, the Tata Technologies Limited IPO launch date – hasn’t been announced yet. The Tata Technologies Limited IPO closing date also hasn’t been declared. Along with these dates, investors will be updated about the Tata Technologies Limited shares allotment date.

Investors, who have been allotted shares, can expect them to be credited to their demat account after the allotment date. Besides this, the Tata Technologies Limited IPO listing date hasn’t been announced yet. The listing date is the date on which the shares of a company get listed on the bourses – NSE and BSE. Stay tuned with Uptox for all the key updates about the Tata Technologies Limited IPO.

|Tata Technologies Limited IPO Price Band

The Tata Technologies Limited IPO is a fresh issue as well as an offer for sale. The Tata Technologies Limited IPO price band hasn’t been set yet. The price band is a price range within which investors can apply for the IPO. When the Tata Technologies Limited IPO opens, interested investors will have to choose a price within the band to apply for the public issue. 

Also, the Tata Technologies Limited IPO listing price will be determined on the listing date. The listing price is the Tata Technologies Limited IPO share price at which the shares of a company make their debut on the stock exchanges.

|Tata Technologies Limited IPO Lot size

The Tata Technologies Limited IPO details haven’t been declared. Hence, the Tata Technologies Limited IPO lot size also hasn’t been announced yet. It’s important to note that an investor can apply for a minimum of 1 lot. Meanwhile, according to the news reports, the Tata Technologies Limited IPO issue size could be around ₹550 crore.

 

How to pre-apply for the Tata Technologies Limited IPO?

You can pre-apply for the Tata Technologies Limited IPO on Upstox. The pre-application for this IPO, which means pre-apply open date, usually begins a day before the IPO opens for subscription. 

Follow these steps to pre-apply for the IPO: 

  1. Login to your Upstox account, using your six-digit PIN
  2. After successfully logging in, click on ‘Discover’
  3. On the Discover tab, you will find the ‘Invest in IPO’ section
  4. Under the Invest in IPO section, look for the ‘Tata Technologies Limited IPO’ tab and click on it
  5. Now fill in all the required information, like ‘bid price’ and ‘lot size’
  6. Confirm and click on ‘Pre-Apply’
  7. Accept the mandate on your UPI app

 

How to apply for the Tata Technologies Limited IPO?

If you are interested in this investment opportunity but unsure how to apply for the Tata Technologies Limited IPO, here we are listing out the steps for you. 

When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for the Tata Technologies Limited IPO on Upstox: 

  1. Login to your Upstox account, using your six-digit PIN
  2. After successfully logging in, click on ‘Discover’
  3. On the Discover tab, you will find the ‘Invest in IPO’ section
  4. Under the Invest in IPO section, look for the ‘Tata Technologies Limited IPO’ tab and click on it
  5. Now fill in all the required information, like ‘bid price’ and ‘lot size’
  6. Confirm and click on ‘Apply’
  7. Accept the mandate on your UPI app

 

How to check the Tata Technologies LimitedIPO allotment status?

When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around five to six days after an IPO closes. 

Here’s a step-by-step guide on how to check the Tata Technologies Limited IPO allotment status:

  1. Login to your Upstox account, using your six-digit PIN
  2. After successfully logging in, click on ‘Discover’
  3. On the Discover page, you will find the ‘Invest in IPO’ section
  4. Under the Invest in IPO section, you will find the ‘View all’ option
  5. Once you click on ‘View all’, you will be directed to the ‘IPO’ tab
  6. In the ‘IPO’ tab, click on ‘My applications’ 
  7. In ‘My applications’, under the History section, your Tata Technologies Limited IPO allotment status will be mentioned

 

Check Allotment Status

 

Open a demat account with Upstox to apply for the Tata Technologies Limited IPO

To apply for the Tata Technologies Limited IPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app.

Here is a step-by-step guide on how to open a demat account with Upstox:

  1. Click here to visit the demat account opening page on the Upstox website. 
  2. Enter your phone number and other essential details to begin opening a demat account.
  3. Upload the scanned copies of your PAN, Aadhaar card, a cancelled cheque, and your bank statement as needed. 
  4. Complete the e-verification using the OTP sent to your registered mobile number. 

This is all it takes to open a demat account with Upstox. Easy and quick, right? 

 

Open Demat Account

 

Upstox – trading app to apply for the Tata Technologies Limited IPO

Applying for IPOs with Upstox is extremely easy. The user-friendly interface and top-notch security make Upstox one of the leading trading apps in India.

You can apply for the Tata Technologies Limited IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero.

In fact, courtesy of its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy.

 

IPO analysis

Registrar information
Name
Link Intime India Private Ltd
Phone number
+91-22-4918 6270
Email ID
tatatechnologies.ipo@linkintime.co.in
Red herring prospectus
View documents submitted by company in filing to understand more details about them.

FAQs

How can you pre-apply for the Tata Technologies IPO?

Pre-applying for the Tata Technologies IPO means applying for this public issue before it goes live. Click here to pre-apply for the Tata Technologies IPO on Upstox. 

When does pre-apply for the Tata Technologies IPO open and how can you pay for it?

You can pre-apply for the Tata Technologies IPO from 20 November 2023. Once the IPO goes live, you will receive a UPI mandate. Accept this to block the IPO application amount and successfully place your bid.

How can you apply for the Tata Technologies IPO?

You can apply on Upstox’s website and app, once the Tata Technologies IPO opens for the subscription.

When does the Tata Technologies IPO open and close for the subscription?

The Tata Technologies IPO launch date is 22nd November 2023. The Tata Technologies IPO will be open for subscription till 24th November 2023.

What’s the lot size and minimum investment needed for the Tata Technologies IPO?

 The Tata Technologies lot size is 30 shares and the minimum investment required is ₹15,000.

What is the price band for the Tata Technologies IPO?

The Tata Technologies IPO price band is ₹475 – ₹500 per share.

What’s the size of the Tata Technologies IPO?

The size of the Tata Technologies IPO is approx. ₹3,042 crore.

How many bids can I place for the Tata Technologies IPO?

 You can place up to three bids for an application.

Can these bids be placed at different times during the Tata Technologies IPO subscription period?

 No, the bids have to be placed in one go. If you want to add an additional bid, then you would have to delete your application and re-apply.

When will Tata Technologies shares be credited to the demat account?

 If shares are allotted, then they will be credited to your demat account on 4th December 2023.

Which exchanges will Tata Technologies shares list on?

 Tata Technologies shares will be on NSE and BSE.

When will Tata Technologies shares list on the exchanges?

 Tata Technologies shares’ listing date is 5th December 2023.

How much can an Eligible Employee Invest??

Eligible employees bidding under employee quota can bid up to ₹500,000 for the Tata Technologies IPO. However, a bid by an eligible employee up to ₹200,000 will be considered in the initial phase of allocation. If the employee portion remains under-subscribed, then the unsubscribed portion will be available for allocation and allotment for employees who have bid in excess of ₹200,000.

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