First IPO of the Tata Group in two decades: Tata Technologies plans to go public on November 22 date Price , jun ,2024

Tata Technologies’ initial public offering will begin accepting subscriptions on November 22, according to Tata Motors late Monday. This will be the first Tata Group IPO in over two decades.

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Tata Technologies, a supplier of engineering and product development digital services, said its IPO will consist of 60.9 million shares, or 15% of its paid-up capital.

Tata Technologies IPO Details

IPO DateNovember 22, 2023 to November 24, 2023
Listing DateNovember 30, 2023
Face Value₹2 per share
Price Band₹475 to ₹500 per share
Lot Size30 Shares
Total Issue Size60,850,278 shares
(aggregating up to ₹3,042.51 Cr)
Offer for Sale60,850,278 shares of ₹2
(aggregating up to ₹3,042.51 Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE
Shareholding Pre-Issue405,668,530 shares
Shareholding Post-Issue405,668,530 shares

Tata Technologies IPO Timeline (Tentative Schedule)

IPO Open DateWednesday, November 22, 2023
IPO Close DateFriday, November 24, 2023
Basis of Allotment DateTuesday, November 28, 2023
Initiation of Refunds DateWednesday, November 29, 2023
Credit of Shares to Demat DateWednesday, November 29, 2023
Cut-off time for UPI mandate confirmation5 PM on November 24, 2023
Listing DateThursday, November 30, 2023

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Tata Technologies IPO Reservation

Investor CategoryShares OfferedMaximum Allottees
Anchor Investor15,821,071 (26.00%)NA
QIB10,547,382 (17.33%)NA
NII (HNI)7,910,537 (13.00%)
– NII > ₹10L5,273,691 (8.67%)12,556
– sNII < ₹10L2,636,846 (4.33%)6,278
Retail18,457,919 (30.33%)615,263
Employee2,028,342 (3.33%)NA
Other6,085,027 (10.00%)NA
Total60,850,278 (100%)

Tata Technologies IPO Lot Size

Application TypeLots RangeShares RangeAmount Range
Retail (Min)1 lot30 shares₹15,000
Retail (Max)13 lots390 shares₹195,000
S-HNI (Min)14 lots420 shares₹210,000
S-HNI (Max)66 lots1,980 shares₹990,000
B-HNI (Min)67 lots2,010 shares₹1,005,000

Tata Technologies Limited Financial Information (Restated Consolidated)

Period EndedAssets (₹ Cr)Revenue (₹ Cr)Profit After Tax (₹ Cr)Net Worth (₹ Cr)Reserves and Surplus (₹ Cr)Total Borrowing (₹ Cr)
30 Sep 20235,142.422,587.42351.902,853.132,455.29
31 Mar 20235,201.494,501.93624.042,989.472,605.60
31 Mar 20224,218.003,578.38436.992,280.162,028.93
31 Mar 20213,572.742,425.74239.172,142.151,897.46

Key Performance Indicator

MetricPre IPOPost IPO
EPS (Rs)15.37
P/E (x)32.5328.82

Tata Technologies IPO Subscription Status (Bidding Detail)

CategorySubscription (times)
– bNII (>₹10L)70.67
– sNII (<₹10L)44.98

Tata Technologies IPO Prospectus

  • Tata Technologies IPO DRHP (Draft Red Herring Prospectus)
  • Tata Technologies IPO addendum to DRHP
  • Tata Technologies IPO RHP (Red Herring Prospectus)
  • Anchor Investors in Tata Technologies IPO

Tata Technologies IPO Listing Details

Listing DetailInformation
Listing DateNovember 30, 2023
BSE Script Code544028
Final Issue Price₹500 per share

Listing Day Trading Information

ExchangePrice Details
BSEFinal Issue Price: ₹500.00
Open: ₹1,199.95
Low: ₹1,199.95
High: ₹1,400.00
Last Trade: ₹1,314.25
NSEFinal Issue Price: ₹500.00
Open: ₹1,200.00
Low: ₹1,200.00
High: ₹1,400.00
Last Trade: ₹1,313.00

Tata Technologies Limited Contact Details

  • Tata Technologies Limited
    Plot No. 25,
    Rajiv Gandhi Infotech Park Hinjawadi,
    Pune 411 057
    Phone: +91 20 6652 9090

Tata Technologies IPO Registrar

  • Phone: +91-22-4918 6270
  • Email:
  • Website:

Tata Technologies IPO – Buy or Not

Review BySubscribeNeutralAvoid

This is less than the 23.6% stated in the draft prospectus.

Tata Motors will sell an 11.4% interest, private equity company Alpha TC Holdings will sell a 2.4% stake, and Tata Capital Growth Fund I will sell a 1.2% stake.

The IPO concludes on November 24th.

According to Reuters, Tata Technologies is in negotiations with Morgan Stanley Investment Management, Blackrock, and other US hedge funds about investing in its $2.5 billion IPO.

Tata Motors said last month that it will sell a 9% share in Tata Technologies to a fund managed by US private equity firm TPG in a deal valued at about $2 billion.

Krishnaanand nishad
Krishnaanand nishad
Krishnaanand Lalbahadur Nishad is the Editor-in-Chief and CEO of . He has also completed his graduation in B.COM and has 4 + years of experience in blogging News Website And 5 + years of experience Finance company Home Credit , Tata Capital , HDB Finance Service Ltd . Have worked with many businesses and blogs. provider in India's digital journalism

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