TATA Technologies IPO Finally Confirmed


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TATA Technologies IPO Finally Confirmed đź‘Ť

Issue Dates: 22 Nov - 24 Nov

Issue Size : 4,62,75,000 Fresh + OFS 1,45,75,278 Shares

Price Band : To Be Announced || Retail Quota : 35%

Shareholder Quota: 60,85,027 Shares

Record Date for Shareholder: 13 November

Shareholder's Quota: Yes

Eligibility date for SH Quota: 13 November 2023

Expected Price Band: Around 500/-

Running GMP: Around 285/-

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Here's what we know about the IPO

Tata Technologies Ltd will be special as It will test investors appetite for Tata shares in an IPO after nearly 2 decades

IPO will be purely an offer-for-sale (OFS), meaning no fresh shares will be issued. Instead, existing shareholders, including Tata Motors and other investors, will be offering a portion of their shares to the public

Timing of Tata Technologies' IPO couldn't be more opportune, coinciding with the increasing Electric Vehicle (EV) industry. As a trusted partner to original equipment manufacturers (OEMs), manufacturers, and automakers, Tata Technologies plays a pivotal role in bringing EVs to the Indian Roads.

Tata Technologies has a decent track record of consistent revenue growth over the past 3 years. This growth is attributed to the company's expansion into key sectors such as automotive, aerospace, and industrial machinery. With a focus on green technologies and futuristic transformation, Tata Technologies is decently -positioned to further accelerate revenue growth.

Its PAT margin is above 13% and ROE > 20% are significantly higher than industry averages. Additionally, a robust return on assets (ROA) of 12% positions Tata Technologies for sustained higher P/E ratios in the future.