November 30, 2023
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Tata Technologies IPO GMP, Details to watch, Guidance & Subscription Status @ Chanakyanipothi.com 👉A legacy of 31 Years.
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Table of Contents
- GMP
- Reviews
- Subscription
- Allotment
Tata Technologies IPO Listing Estimate!
Tata Technologies IPO received impressive subscriptions from all categories of the Investors. Now the company is expected to finalize its allotment today e.g. on 28 the November 2023. The applicants may check the status at the BSE website.
Subsequent to the allotment, the listing is expected either on 29th or latest by 30th November. To study our listing estimate, click
Post Listing Review: The scrip received immence buying support of the investors and got listed at Rs. 1200 much above the expectations of the grey market.
Tata Technologies Anchor Investors
Tata Technologies collects Rs 791 cr from anchor investors
Tata Technologies, which provides engineering and product development digital services, on Tuesday said it has collected Rs 791 crore from anchor investors ahead of its initial share-sale opening on the following day.
This will be the first company from the Tata Group to float an Initial Public Offering (IPO) in nearly two decades. Tata Consultancy Services was the last IPO from the group in 2004.
The company has allotted 1.58 crore equity shares to 67 funds at Rs 500 apiece, which is also the upper end of the price band, according to a circular uploaded on the BSE website.
Goldman Sachs (Singapore) Pte, Copthall Mauritius Investment Ltd, Government Pension Fund Global, are among the anchor investors.
What is the latest GMP of Tata Technologies IPO?
Grey market premium has moved with strong volume, since the RHP is filed and dates are announced.
Premium: Rs.435 
High volume
Retail Kostak Rs. 800
Retail subject to Rs. 8600
Small HNI(Rs.2+/-)
Kostak Rs. 2100
Subject to Rs. 139000 N.T.
BHNI
Kostak Rs. 10000
Subject to Rs. 139000 N.T.
Shareholder Application below Rs. 2L Rs.4200
What is the Subscription Status of Tata Technologies IPO?
On 24 November 2023 @ 5.00 (Day 3) (Closed)
Review: Trend has turned weak
QIB: 10547382 Shares 203.41 T
NII(10L+): 5273691 Shares 70.67 T
NII (<10L) 2636846 Shares 44.98 T
NII (Total) 7910537 Shares 62.11 T
RII: 18457919 Shares 16.50 T
Emp: 2028342 Shares 3.70 T
TML Quota 6085027 Shares 29.19 T
Total: 45029207 Shares 69.43 T
Bids of Rs. 156319 Crores
Who is the promoter of Tata Technologies IPO?
Tata Motors ltd.
What is the business of Tata Technologies?
Tata Technologies is a leading global engineering services company offering product development and digital solutions, including turnkey solutions, to global original equipment manufacturers and their tier 1 suppliers. It endeavors to create value for its clients by helping them develop products that are safer, cleaner and improve the quality of life for their end-customers. The company has deep domain expertise in the automotive industry and leverage this expertise to serve its clients in adjacent industries, such as in aerospace and transportation and construction heavy machinery. As a global organization, it brings together diverse teams from different parts of the world with multiple skill sets to collaborate in real
time and solve complex engineering problems for its clients.
Services: Its primary business line is services, which includes providing outsourced engineering services and digital transformation services to global manufacturing clients helping them conceive, design, develop and deliver better products. Its Services business contributed Rs26,513.51 million and Rs 25,571.88 million to its revenue from operations in Fiscal 2022 and the nine-months period ended December 31, 2022, respectively, comprising 75.12% and 84.91% of its revenue from operations
for the respective periods.
Technology Solutions: It complements its service offerings with its Products and Education businesses.
Through its Products business it resells third-party software applications, primarily product lifecycle management software and solutions and provide value added services such as consulting, implementation, systems integration and support.
Its education business provides “phygital” education solutions in manufacturing skills including upskilling and reskilling in relation to the latest engineering and manufacturing technologies to public sector institutions and private institutions and enterprises through curriculum development and competency center offerings through its proprietary iGetIT platform. In Fiscal 2022 and the nine-months period ended December 31, 2022, its Technology Solutions business contributed Rs 8,782.29 million and Rs 4,546.06 million to its revenue from operations, respectively, comprising 24.88% and 15.09% of our revenue from operations for the respective periods.
Zinnov has estimated the global engineering, research and development spend to be approximately $1.64 trillion as of 2021 and expects it to grow to approximately $2.28-2.33 trillion by 2025. The ER&D spend outsourced to third party service providers reached $85 billion to $90 billion in 2021 and is anticipated to grow at a 10-12% CAGR between 2021 and 2025.
Tata Technologies is a pure-play manufacturing focused ER&D company, primarily focused on the automotive industry and its 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.
Its domain expertise has also been recognized by industry bodies and external analysts. It is positioned in the “leadership zone” by Zinnov Zones for ER&D services ratings in 2022 for the sixth consecutive year. In the 2022 rankings for electrification services, it is ranked first among India-based ER&D service providers and second globally. For automotive ER&D services, it is ranked first among India service providers and third globally among rated service providers by Zinnov.
It has a diversified global client base and in the nine-months period ended December 31, 2022, it derived 25.76%, 23.94%, 22.27% and 28.03% of its revenue from operations from clients in India, Europe, North America and the rest of the world, respectively.
As of December 31, 2022, it has 18 global delivery centers spread across North America, Europe and
Asia Pacific, with each center staffed by a majority of local nationals enabling us to provide uninterrupted service to its clients and tap into specialist skill sets in different geographies. As of December 31, 2022, it has 11,081 employees, comprising 10,161 full-time employees and 920 contracted employees.
The company is a part of the Tata Group, which has been recognized as the most valuable brand in India by Brand Finance, a leading international brand valuation agency. As a subsidiary of Tata Motors Limited, it benefits from long-term relationships with both TML and JLR.
For more information, click www.tatatechnologies.com
What is the Object of Tata Technologies IPO?
This is only an offer for Sale.
Tata Technologies IPO GMP, Particulars & Guidance
| Tata Technologies IPO Details | |
| IPO opens on | 22 November,2023 |
| IPO closes on | 24 November,2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 60,850,278 Sh /Rs 3042.51 Cr |
| * Fresh Issue | – Sh /Rs ? Cr |
| * Offer for Sale | 60,850,278 Sh /Rs 304251 Cr |
| Face Value per share: | Rs. 2 |
| Price Band | Rs. 475-500 |
| Retail Discount | Rs 0 per share |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 30 Shares |
| Listing will at | BSE, NSE |
| Shares offered in Tata Technologies? | Shares | Rs. in Cr |
| QIB (50 %) | X | X |
| NII (15 %) | X | X |
| RII (35 %) | X | X |
| Tata Motors Shareholders | 6,085,027 | – |
| Total Shares | 60850278 | X |
| Retail portion will be oversubscribed by | X Forms. | |
| How to apply in Tata Technologies IPO ? | Amount Rs. | |
| Min Retail Application | 30 Sh | 15000 |
| Max Retail Application | 390 Sh | 195000 |
| Small HNI (Min) application | 420 Sh | 210000 |
| Small HNI (Max) application | 1980 Sh | 990000 |
| Big HNI Application | 2010 Sh | 1005000 |
| What is the timetable of Tata Technologies IPO? | |
| IPO opens on | 22 November 2023 |
| IPO Closes on | 24 November 2023 |
| IPO Allotment on | 30 November 2023 |
| Unblocking of ASBA | 1 December 2023 |
| Credit of Shares | 4 December 2023 |
| Listing on | 5 December 2023 |
| Registered Office of Tata Technologies | |
| Plot No. 25, Rajiv Gandhi Infotech Park Hinjawadi, Pune 411 057, Maharashtra, India |
|
| Who are the Lead Managers of Tata Technologies IPO? JM Financial Limited, Citigroup Global Markets, India, BofA Securities. |
|
| Registrar to IPO | |
| Link Intime India Private Limited |
| Tata Technologies IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs. in Cr | Rs.in Cr | Rs. | % | |
| 2020-21 | 2426 | 239.17 | 5.89 | 11.17 |
| 2021-22 | 3578 | 436.99 | 10.77 | 19.16 |
| 2022-23 | 4502 | 624.04 | 15.38 | 20.87 |
| Book Value of the Share on 31.03.2023 | Rs. | 73.68 | ||
| BV of the Share after the FPO | Rs. | ? | ||
| Offer Price at Cap | Rs. | 500 | ||
| Tata Technologies IPO Ratio Analysis |
|
| Price /EPS | 32.51 |
| Price/Book Value Ratio | 6.79 |
| Price/BV after IPO | ? |
How Tata Technologies IPO compares with the Peers?
Peer Comparison.
| As on date of RHP | Total Income Rs. | Face | PE |
| Income | Value | Ratio of | |
| Rs. In Cr | Rs | ||
| The IPO Company | 4414 | 2 | 32.51 |
| KPIT Technologies | 3365 | 10 | 80.31 |
| LTTS | 8014 | 2 | 37.47 |
| Tata Elxi | 3145 | 10 | 61.55 |
| – | – | ||
| X | – | – | – |
# This is only coverage of News related to Grey Market. We do not deal in grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Tata Technologies IPO Guidance
This is the much awaited IPO from Tata Group. Since last many months, the investors across the country are waiting for this IPO to enter the market. The company has very strong and growing business. Look at the valuations of the companies with the similar line of business and the shares in this IPO are offered….
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There is in promoter holding ie Tata motors to .. This has to be changed in RHP . Hence IPO may take some more time
Break your fd and go through tatas ipo, never get loss
Where can I get pre ipo shares of Tata Technology
I am having Tata Motors shares
Is there any reservation for parant company share holders?
No. There is no reservation for Tata Motors shares
Purchase 640 shares for price of 980₹ per share is it good to hold or will face loss. Pls guide
Before Ipo I purchased 10 shares of Tata Technologies, really exited for IPO.
Hold. It will be multi bagger.
Main praise of Tata is that it always favour retail investor, when tcs ipo came , every retail investor get shares , it’s fixed deposit for your next generation
In key performance ratios, You may include PE Ratio
besides EPS so as to arrive its fair value.
Also, give reserves, debt, cash equivalents and investments of the company.
Never miss IPO FROM TATA GROUP….
Would like to know more.
Like to see further updates.thank you
Wish all the best.