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Tata Technologies

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General info on Tata Technologies

About the company

Name

Tata Technologies

Industry

Technology & Manufacturing

Employees

12,000+

Founding year

1989

Ticker

TBD

Filing Information

IPO file date

March 13, 2023

No. of shares

95,708,984

Price

~$5.71-6.01

Exchange

Bombay Stock Exchange (BSE) and National Stock Exchange (NSE)

Bookrunners

JM Financial, Citigroup Global Markets India and BofA Securities India

IPO Details

What is Tata Technologies?

Tata Technologies is a global engineering and tech provider held by the widely popular and successful, Tata Group. With deep-rooted expertise in the automotive industry, it also serves clients in adjacent industries, such as cloud computing, aerospace, transportation, and heavy construction machinery.

Tata Technologies mainly earns its income from its engineering services, contributing about 60% of its overall revenue. Major clients in this area are Tata Motors, Jaguar Land Rover, and Airbus. The rest of its revenue comes from its product development sector. This includes creating items like car parts and embracing innovation with new business strategies, such as licensing its technology directly to original equipment manufacturers (OEMs) and cloud-based companies.

When is the IPO expected to take place?

Tata Technologies is one of the most highly anticipated IPO since it is the first in nearly 20 years following the successful consultancy sister company under the umbrella.

The IPO of Tata Technology consists of an offer-for-sale (OFS), which simply means the promoters of the company can sell their stake to the public. The main purpose is to raise additional capital by selling 10% of the stake.

The company filed with the Securities and Exchange Board of India (SEBI) back in March of 2023, and key numbers continued to strengthen as their Q3 was released. For this reason, traders and investors alike are eager for the November 22-24 IPO release, making it available to trade on the CAPEX.com WebTrader or Mobile App around Friday, November 24th.

Tata Technologies IPO Statistics

According to Reuters, the company is currently in talks with Morgan Stanley, Blackrock, and other prominent US hedge funds to invest in its IPO at an impressive valuation of $2.5 billion. Before this, Tata Technologies was last valued at around $2 billion (Rs 16,300 crore). The price band is set at about $5.71-6.01 USD (₹475-500).

  • The company reported a revenue growth of 46% in 2022, the strongest in its history.
  • The company reported a 23% increase in profits for the first 9 months of 2023.

The bookrunners for Tata Technologies are strong with JM Financial, Citigroup Global Markets India and BofA Securities India; while Link Intime India has been appointed as the registrar for the issue.

More on Tata Technologies & Tata Group

  • This is the first IPO in nearly 20 years from its mother company, Tata Group, since the incredibly successful launch of Tata Consultancy Services in 2004.
  • Tata Group generated $150 billion in 2022, an increase of 17.19%.
  • Tata Technologies’ main customer is Tata group – providing services for brands like Jaguar, Land Rover, Starbucks, Air Asia, and more.

 

For more information on Tata Technologies, or to stay updated on this IPO for when it will be available at CAPEX.com, please contact your Customer Service Representative. 

sources: CNBC, Reuters, Business Today, The Economic Times

Summary

Ticker

TBD

Price

~$5.71-6.01

Exchange

Bombay Stock Exchange (BSE) and National Stock Exchange (NSE)

Bookrunners

JM Financial, Citigroup Global Markets India and BofA Securities India

Key Points

Get a quick overview of the essential figures for Tata Technologies IPOTata Technologies

Founded

1989

Expected IPO Valuation

$2.5 billion

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Status:

Available

IPO Date

November 22–24

Price

~$5.71-6.01

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