Uploaded on Nov 20, 2023
Tata Technologies is the unlisted subsidiary of India’s largest commercial vehicle maker Tata Motors. Tata Technology is a global engineering and product development services company providing product development and digital solutions, including turnkey solutions, to global original equipment manufacturers (OEMs).
Tata Technologies IPO Details Date, Allotment Status, Issue Price, GMP
Tata Technologies IPO Details Date,
Allotment Status, Issue Price, GMP
Tata Technologies is the unlisted subsidiary of India’s largest commercial vehicle maker
Tata Motors. Tata Technology is a global engineering and product development services
company providing product development and digital solutions, including turnkey solutions,
to global original equipment manufacturers (OEMs).
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Tata Technologies IPO Issue Price & Size
The issue price of Tata Technologies will be in the range of the
lower and higher band. The size of Tata Technologies will be
around Rs. 2,890 - Rs. 3,042 Crore. Considering the upper
band of Tata Technologies IPO, the company is going to raise
around Rs. 3,042 Crore.
Tata Technologies IPO Launch Date
The launch date of the Tata Technology IPO is set for
November 22, 2023. the IPO will close on November 24, 2023.
Though, the RHP has been filed by the SEBI.
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Tata Technologies Ltd. IPO Objective
Though, the company is not going to receive any proceeds from
this IPO, as offer-for-sale (OFS) is from shareholders who are
selling their stakes.
Tata Motors will offload 4.62 crore shares as
compared to 8.11 crore earlier, while Alpha TC Holdings Pte
likely
to sell around 97.16 lakh shares (2.4%), and Tata Capital Growth
Fund is likely to release up to 48.58 lakh equity shares (1.20%).
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Tata Technologies Financial Statements
Tata Technologies earned Rs 3529.58 cr in FY 22 and Rs 3011.79 in the nine months of
FY23 showing significant growth in the revenue. In the last four years company's
revenue from operations registered double-digit growth at a CAGR of 11%.
While bottom-line growth was at a CAGR of 31.8% for the same period.
Tata Technologies earned Rs 407.47 Profit after tax in nine months of FY23. The
EBITDA margin% has significantly improved from 18.07% in FY20 to 20.55% in FY23.
While the bottom line margins also improved very much in the same period. In FY20
the PAT margin of Tata Technologies was around 8.82% which has been improved and
reached 13.53% in FY23. More than 80% revenue of the company comes from the sale
of services while the remaining revenue is earned by selling the sale of technology
solutions.
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Why Invest in Tata Technologies IPO?
As the company is associated with one of the leading and well-known business groups and is
backed by one of the leading automobile companies in the country. This IPO is going to bring
a significant amount of cash flow for Tata Motors. Though, investing in the IPO there are
multiple other factors, affecting the growth of the company, let's find out.
Tata Technologies Share Price in Grey Market
The IPO date and the price are not revealed, hence the grey market premium is also
unidentified. As per the demand for the new shares issued in the IPO, the premium is shown
in the market. If the Tata Technologies share is issued at discounted price the grey market
premium will be high, and vice-versa if it is expensive compared to its peer group members.
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Tata Technologies IPO Strengths
•Tata Technologies is the 15th largest IT Company in the Fortune India Infotech
industry ranking.
•Due to the parent company's support, Tata Technologies is expertized and has deep
domain knowledge in the automobile industry.
•The company is operating with a global player with prestigious clients from Europe,
North America, and Asia Pacific.
•In the last few years, companies have shown significant growth in revenue income
with improved EBITDA margin and stellar bottom-line growth with better margin
growth.
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Thank You
Contact us:
96382-37000
Mansukh Securities and Finance Limited: SEBI Registration Number-INZ000164537 ( Members-
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to market risks; read all the related documents carefully before investing.
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