Tata Technologies IPO: What You Need to Know Before the November Launch

Established in 1994 under the Tata Group umbrella, Tata Technologies stands as a prominent global engineering services firm. It specializes in delivering product development and digital solutions, extending comprehensive offerings, including turnkey solutions, to worldwide original equipment manufacturers (OEMs) and their tier-1 suppliers. As a subsidiary of Tata Motors Ltd., its primary focus resides within the automotive sector, with an additional presence in related industries like aerospace, transportation, and construction heavy machinery (TCHM).

The Tata Technologies IPO marks a significant milestone in the market landscape. Let’s delve into the details and unravel the comprehensive plan set by the Tata Motors’ subsidiary.

The Price Band Unveiled:

The IPO aims to raise a substantial Rs 3,042.51 crore through a public issue. Notably, this comprises solely an offer-for-sale (OFS) orchestrated by the promoter and investors.

Historical Significance:

Tata Technologies’ debut in the IPO realm signifies the first from the Tata Group in almost two decades, following Tata Consultancy Services’ last IPO in 2004.

Crucial Dates to Remember:

November 22 marks the commencement of the public issue, concluding on November 24, with the anchor book available on November 21.

Offer Structure:

An intricate breakdown reveals the sale of 4.62 crore equity shares by promoter Tata Motors, valued at Rs 2,313.75 crore, alongside investments from Alpha TC Holdings Pte Ltd and Tata Capital Growth Fund I.

Investor Insights:

The allocation strategizes 50% for qualified institutional buyers, 15% for high net-worth individuals, and 35% for retail investors. The bidding details and investment brackets have been meticulously structured for varying investor categories.

Recent Transactions and Impact:

An earlier transaction involving Tata Motors selling equity shares to TPG Rise Climate SF Pte Ltd and subsequent price band advertisements have garnered attention due to their financial implications.

Tata Technologies’ Growth Trajectory:

The company showcases robust growth statistics, boasting significant year-on-year surges in consolidated net profit and revenue across fiscal periods.

Merchant Bankers at the Helm:

JM Financial, Citigroup Global Markets India, and BofA Securities India spearhead the orchestration of this monumental IPO.

How to Check Tata Technologies IPO Allotment Status

To find out if you’ve been allotted shares in the Tata Technologies IPO, you can visit the Registrar and Transfer Agent’s website. Alternatively, the NSE (National Stock Exchange) website also provides allotment status details. Checking these platforms will give you the latest updates on your IPO share allotment.