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:
Here’s a quick look at Tata Technologies IPO’s strengths, weakness, opportunities and risks (SWOT analysis)
Strengths and opportunities
Risks and threats
Tata Technologies IPO details
| Tata Technologies IPO date
The company has filed its Draft Red Herring Prospectus with the market regulator SEBI. The Tata Technologies IPO’s opening date – in other words, the Tata Technologies IPO launch date – hasn’t been announced yet. The Tata Technologies IPO closing date also hasn’t been declared. Along with these dates, investors will be updated about the Tata Technologies shares allotment date.
Investors, who receive allotment, can expect them to be credited in their demat account after the allotment date. Besides this, the Tata Technologies 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 Upstox for all the key updates about the Tata Technologies IPO.
| Tata Technologies IPO Price Band
Tata Technologies’s IPO is a book-built issue. The Tata Technologies 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 IPO opens, interested investors will have to choose a price within the band to apply for the public issue.
Also, the Tata Technologies IPO listing price will be determined on the listing date. The listing price is the price at which the shares of a company make their debut on the stock exchanges.
| Tata Technologies IPO Lot size
The Tata Technologies IPO details haven’t been declared. Hence, the Tata Technologies 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 IPO issue size could be around ₹4,000 crore.
How to pre-apply for the Tata Technologies IPO?
You can pre-apply for the Tata Technologies 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:
How to apply for the Tata Technologies IPO?
If you are interested in this investment opportunity but unsure how to apply for the Tata Technologies 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 IPO on Upstox:
How to check the Tata Technologies IPO 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 IPO allotment status:
Open a demat account with Upstox to apply for the Tata Technologies IPO
To apply for the Tata Technologies 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:
This is all it takes to open a demat account with Upstox. Easy and quick, right?
Upstox – trading app to apply for the Tata Technologies 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 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.
Shareholders of Tata Motors and Tata Motors DVR are eligible to apply under shareholder category.
The shareholders of Tata Motors and Tata Motors DVR can bid up to a maximum bid Amount of ₹200,000.
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.
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.
You can apply on Upstox’s website and app, once the Tata Technologies IPO opens 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.
The Tata Technologies lot size is 30 shares and the minimum investment required is ₹15,000.
The Tata Technologies IPO price band is ₹475 – ₹500 per share.
The size of the Tata Technologies IPO is approx. ₹3,042 crore.
You can place up to three bids for an application.
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.
If shares are allotted, then they will be credited to your demat account on 4th December 2023.
Tata Technologies shares will be on NSE and BSE.
Tata Technologies shares’ listing date is 5th December 2023.