Tata Technologies Initial Public Offer (IPO) is a book built issue, to raise a total of Rs 3,042.51 crore. It entirely consists of an offer for sale (OFS) component of 6,08,50,278 equity shares with a face value of ₹ 2 each. Tata Technology’s IPO will open on 22 November 2023. Investors have been waiting for this IPO for a long time, After about 20 years, the IPO of a Tata Group company is coming.

Tata Technologies IPO

Tata Group is considered a symbol of trust. For many decades, this group has been continuously giving good returns to investors through its various companies. This is the reason investors are showing enthusiasm about the IPO of Tata Technologies.

IPO Date

Tata Technologies IPO will open on 22 November 2023 and it will close on 24 November 2023 ( Last chance to invest). Here one point to note that IPO bidding usually happens between 10:00 am to 5:00 pm on the IPO days.

IPO Price Band

Tata technologies price band range from Rs. 475 to Rs. 500. Minimum lot size is of 30 share, means minimum investment required is Rs. 15,000. At this price the entire company The valuation comes to Rs 20,283 crore.

IPO Size

Tata Tech’s entire IPO is worth around Rs 3,042.51 offer-for-sale (OFS). What happens in an offer-for-sale is that the company does not issue any new shares. Rather, its existing shareholders put their shares up for sale. It is obvious that when shareholders sell shares, they will keep the money received from it there. The company gets money from IPO only when it sells new shares. But Tata Tech is not selling any new shares in this IPO.

IPO Time Line

  • IPO Open Date Wednesday, November 22, 2023
  • IPO Close DateFriday, November 24, 2023
  • Basis of Allotment Thursday, November 30, 2023
  • Initiation of RefundsFriday, December 1, 2023
  • Credit of Shares to DematMonday, December 4, 2023
  • Listing DateTuesday, December 5, 2023

Note: Cut-off time for UPI mandate confirmation 5 PM on November 24, 2023

Tata Technologies Financial Statement (Restated)

If we talk about Tata Tech’s financial performance it is quite good. Its profit increased by 42.8 percent to Rs 624.04 crore in financial year 2023. Its revenue has increased by 25% to Rs 4,414.2 crore. For the first half of this financial year, i.e. till September, the company’s profit increased by 36% to Rs 351.9 crore, while its revenue increased by 34% to Rs 2,526.7 crore.

Period Ended31 Mar 202131 Mar 202231 Mar 202330 Sep 2023
Profit After Tax239.17436.99624.04351.90
Net Worth2,142.152,280.162,989.472,853.13
Reserves and Surplus1,897.462,028.932,605.602,455.29

Tata Technologies Red Herring Prospectus (RHP)