TATA Technologies IPO Finally Confirmed

[Rawknee]

TATA Technologies IPO Finally Confirmed



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/-



Keep your funds ready

 

[arjungoyal12]

Will it be a good one?

 

[Prince]

Cooling period for investors acquired as unlisted share ?

 

[ekanshmahajan]

At what price to invest?

 

[ShavirB]

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.

 

[hoodedRobin]

personally, I'm interested in this IPO