Tata Technologies IPO: Date, Price, GMP, Analysis & Review
Indian engineering company Tata Technologies has announced that it plans to go public with an Initial Public Offering (IPO) in the coming months. The company is known for its expertise in providing engineering services, product lifecycle management, and digital solutions to various industries globally. The IPO is expected to be one of the most significant events in the Indian stock market this year.
Tata Technologies was formed as a subsidiary of Tata Motors in the early 1990s, and since then, the company has grown exponentially, offering services in various fields such as automotive, aerospace, defense, industrial machinery, and energy. With a global presence spanning over 30 countries and over 8,500 employees, the company is well-positioned to benefit from the growing demand for engineering services and digital solutions.
According to reports, the Tata Technologies IPO will be the company's first public offering, and it is expected to raise around $400-$500 million. The funds generated from the IPO will be used to fuel the company's growth and expansion plans. It will also help the company to reduce its debt and increase its market presence in key regions such as North America, Europe, and Asia.
Investors are showing a keen interest in the Tata Technologies IPO as it represents a significant opportunity to invest in one of India's leading engineering service providers. The company has a strong track record of delivering high-quality services to its clients, and its diversified client base helps mitigate risks associated with market fluctuations.
The timing of the Tata Technologies IPO is also strategic, as the global demand for engineering services is expected to grow exponentially in the coming years. The increasing focus on sustainability, digitalization, and automation is driving the need for engineering services and digital solutions, and Tata Technologies is well-positioned to capitalize on these trends.
In terms of financials, Tata Technologies has shown consistent growth over the years. For the period ended on December 31, 2021, the company's total assets stood at ₹4,121.07 crore, with a revenue of ₹2,647.69 crore and a net profit of ₹331.36 crore. This shows a significant increase from the previous year, indicating that the company is on a growth trajectory.
The Tata Technologies IPO is expected to be a game-changer in the Indian stock market, and it will be interesting to see how the company performs in the public markets. Investors are optimistic about the company's prospects, and it is expected that the IPO will be oversubscribed.
In terms of the IPO details, the face value of each share will be ₹2, and the lot size is yet to be determined. The total issue size will be 95,708,984 shares (aggregating up to ₹[Approximate total issue size] Cr). The offer for sale will be for 95,708,984 shares (aggregating up to ₹[Approximate total issue size] Cr). The IPO will be a book-built issue, and the shares will be listed on BSE and NSE.
The Tata Motors Limited is the promoter of the company, and it holds an 87.58% share in Tata Technologies. The IPO is expected to reduce the promoter's shareholding, and this will be a positive development for the company's shareholders.
In conclusion, the Tata Technologies IPO is a significant event in the Indian stock market, and it represents an opportunity for investors to invest in one of India's leading engineering service providers. With a proven track record of delivering high-quality services, a diversified client base, and a strong market position, the company is well-positioned to capitalize on the growing demand for engineering services and digital solutions. The IPO is expected to generate significant interest, and it will be interesting to see how the company performs in the public markets.
Tata Technologies IPO Details
IPO Date | To be announced |
Listing Date | [Not available] |
Face Value | ₹2 per share |
Price | [Approximate price range] ₹[X] to ₹[Y] per share |
Lot Size | [Not available] |
Issue Size | 95,708,984 shares (aggregating up to ₹[Approximate total issue size] Cr) |
Offer for Sale | 95,708,984 shares of ₹2 (aggregating up to ₹[Approximate offer for sale size] Cr) |
Issue Type | Book Built Issue IPO |
Listing At | BSE NSE |
QIB Shares Offered | Not more than 50% of the Net Issue |
NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Retail Shares Offered | Not less than 35% of the Net Issue |
Company Financials
Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth |
---|---|---|---|---|
31-Mar-20 | 2,572.97 | 2,896.96 | 251.57 | 1,852.60 |
31-Mar-21 | 3,572.74 | 2,425.74 | 239.17 | 2,142.15 |
31-Dec-21 | 4,121.07 | 2,647.69 | 331.36 | 2,477.62 |
31-Mar-22 | 4,218.00 | 3,578.38 | 436.99 | 2,280.16 |
31-Dec-22 | 4,640.68 | 3,052.30 | 407.47 | 2,752.83 |
Amount in ₹ Crore |
Objects of the Issue
The objects of the Offer are
- 1. Achieve the benefits of listing the Equity Shares on the Stock Exchanges.
- 2. Carry out the Offer for Sale of up to 95,708,984 Equity Shares by the Selling Shareholders.
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