Tata Technologies, a company under the Tata Group, has announced its initial public offering (IPO) to raise 3,042.5 crore rupees. The company has set a price range of 475-500 rupees per share for its IPO. Experts in the stock market have stated that the promoters of Tata Technologies are strong and experienced. The company has established its name in the digital and technology skills sector. Tata Technologies is a cash-rich and debt-free company. Market expert Anil Singhvi has predicted that the company’s shares could double in a short period of time. Tata Technologies contributes one-third of the total business of the Tata Group. The IPO details are as follows: IPO period: 22-24 November 2023, Price band: 475-500 rupees, IPO size: 3,042.5 crore rupees, Lot size: 30 shares per lot, Minimum investment amount: 15,000 rupees. The company has received a strong response from anchor investors, raising 791 crore rupees from 67 anchor investors during its pre-IPO session. Anchor investors in Tata Technologies IPO include Fidelity Fund, SBI Fund, ICICI Prudential Fund, BNP Paribas, SBI Life Insurance Company, and Nippon India Fund. This is the first IPO launched by the Tata Group after TCS in 2004. Prior to this IPO, Tata Motors, the main promoter of Tata Technologies, sold its 9% stake to TPG Rise Climate SF for 401.81 rupees. The total value of the investment was 1,467 crore rupees, and at the time of investment, the value of Tata Technologies was estimated at 16,300 crore rupees. The new valuation of Tata Technologies is now 19,200-20,300 crore rupees. In the past month, the company’s valuation has increased by 3,000-4,000 crore rupees, or approximately 18-25%. Tata Technologies is involved in the business of providing product development and digital solutions services to global OEMs and Tier-1 suppliers. The company has 11,000 employees and operates a total of 18 global distribution centers. Tata Motors has reserved a 10% stake sale in its IPO for eligible shareholders. Eligible shareholders include retail investors, including HUFs, and public equity shareholders who are considered eligible to invest in Tata Technologies IPO.
English Language HTML Ordered List of information on Tata Technologies IPO:
- Tata Technologies company’s IPO has been opened for investment in the Tata Group. The company will raise INR 3,042.5 crore through its IPO. The company has set the share price range for its IPO at INR 475-500. Tata Technologies is a subsidiary of Tata Group and had its IPO in 2004.
- According to market experts, Tata Technologies company’s promoters are strong and experienced. The company has established its name in the digital and technology skills domain. Tata Technologies is a cash-rich and debt-free company. Share market expert Anil Singhvi has said that Tata Technologies company’s shares can double in a short time.
- Tata Technologies company’s one-third of the business comes from other companies in the Tata Group.
- Tata Technologies IPO details:
- IPO period: 22-24 November 2023
- Share price band: INR 475-500
- IPO size: INR 3,042.5 crore
- IPO lot size: 30 shares per lot
- Minimum investment amount: INR 15,000
- Tata Technologies company has received a strong response from anchor investors. The company has raised INR 791 crore from 67 anchor investors in its pre-IPO session. The company has issued 1.58 crore shares at a price of INR 500 per share to investors.
- Anchor investors in Tata Technologies IPO include Fidelity Fund, SBI Fund, ICICI Prudential Fund, BNP Paribas, SBI Life Insurance Company, Nippon India Fund, and others.
- Tata Group’s previous IPO was with TCS in 2004. This IPO is the first IPO launched by Tata Technologies company on behalf of the Tata Group.
- In October 2023, one month before the opening of Tata Technologies company’s IPO, Tata Motors, the main promoter of the company, sold its 9% stake to TPG Rise Climate SF for INR 401.81 per share. The total value of the investment was INR 1,467 crore. The company’s new valuation is now INR 19,200-20,300 crore.
- In the past month, Tata Technologies company’s valuation has increased by INR 3,000-4,000 crore, which is approximately 18-25%. Tata Technologies is involved in the business of providing product development and digital solutions services to global OEMs and Tier-1 suppliers.
- Tata Technologies company has 11,000 employees and operates a total of 18 global distribution centers. Tata Motors has reserved a 10% stake sale in its IPO for eligible shareholders. Retail investors, including HUFs, are considered eligible to invest in Tata Technologies company’s IPO.
- News Title: Tata Technologies IPO 24 November 2023
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