Tata Technologies IPO
Leading the way in engineering, digital services, product development, and outsourcing is Tata Technologies. The company partners with many of the biggest manufacturing companies in the world and has a diverse global presence across Asia Pacific, Europe, and North America.
With a diverse clientele across the globe, the company’s revenue for the nine months ending December 31, 2022, came from operations with clients in India, Europe, North America, and the rest of the world accounting for 25.76%, 23.94%, 22.27%, and 28.03% of total revenue.
More than 12 new energy vehicle firms, tier 1 suppliers, and over 35 traditional automotive OEMs made up the company’s clientele as of December 31, 2022. Tata Technologies employs more than 11,081 people worldwide.
It is a pure-play manufacturing-focused ER&D company, primarily focused on the automotive industry, and is currently engaged with six out of the top 10 automotive ER&D spenders and four out of the 10 prominent new energy ER&D spenders in 2021.
Tata Technologies IPO Details
| Signature Global IPO Details | ||
|---|---|---|
|
Tata Technologies IPO Dates |
22 – 24 November 2023 |
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|
Tata Technologies IPO Price |
INR 475 – 500 per share |
|
|
Fresh issue |
Nil |
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|
Offer For Sale |
60,850,278 shares (INR 2,890.39 – 3,042.51 crore) |
|
|
Total IPO Size |
60,850,278 shares (INR 2,890.39 – 3,042.51 crore) |
|
|
Minimum bid (size) |
30 shares (INR 15,000) |
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Face Value |
INR 2 per share |
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|
Retail Allocation |
35% |
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Shareholder reservation |
6,085,027 shares (10% shares) |
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Employee reservation |
2,028,342 shares |
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Listing On |
BSE, NSE |
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Tata Technologies Financial Performance
| Signature Global Financial Performance | ||||
|---|---|---|---|---|
|
|
FY21 |
FY22 |
FY23 |
H1 FY 24 |
|
Revenue |
2,380.91 |
3,529.58 |
4,414.18 |
2,526.70 |
|
Expenses |
2,105.06 |
2,991.53 |
3,705.77 |
2,121.17 |
|
Net income |
239.17 |
436.99 |
624.03 |
351.90 |
|
Margin (%) |
10.05 |
12.38 |
14.14 |
13.93 |
Figures in INR Crore unless specified otherwise