The date of Tata Motors Tata Technologies IPO has not yet been set, although it is anticipated to launch in the market in October 2023 after the firm filed a DRHP with SEBI. Tata Technologies’ initial public offering (IPO) will be made public by an offer to sell up to 95,708,984 equity shares at a price of ₹2 per. The Offer for Sales includes up to 4.86 million equity shares from Tata Capital Growth Fund I, up to 9.72 million equity shares from Alpha TC Holdings Pte, and Tata Motors might issue as much as 81.13 million shares of stock. HNI is 15%, QIB is 50%, and the retail quota is 35%.
Tata Motors Tata Technologies IPO
Today, Tata Technologies, a division of Tata Motors, submitted an update to its DRHP to SEBI. According to the addendum submitted to SEBI, Tata Tech, one of the most anticipated initial public offerings (IPOs) on the Street, has announced that it would issue 9.57 crore shares in its planned IPO, with a face value of ₹2 per share. Tata Motors, Alpha TC, and Tata Capital Growth Fund I will all be selling up to 8.11 crore, 9.71 crore, and 48.58 lakh shares, respectively, as part of the Tata Motors Tata Technologies IPO.
The IPO process will be facilitated by the financial firms that the business has selected, including Citi, JM Financials, and BoFA Securities. Offering profits goes to selling shareholders, not the corporation. Shares are planned for BSE and NSE. Eligible employees may apply for Tata Motors Tata Technologies IPO shares in the Employee Reservation Portion. Apply at the Cut-off Price. The maximum bid amount for a TML shareholder’s reservation is ₹2 lakh for qualifying shareholders. Conversely, qualified employees’ maximum bid amount under employee reservation shall not exceed ₹5 lakh, according to the amendment.
Tata Technologies IPO GMP
Information about the grey market premium, also known as the IPO GMP, is determined by taking into account the demand of the firm planning an IPO. Following the release of the price range and IPO date, the unregulated market formally gives rise to the grey market. Before making an investment, IPO investors constantly consider the premium, which might change depending on the state of the market, demand, and number of subscriptions.
|Approx 95,708,984 Equity Shares
|Offer for Sale
|Approx 95,708,984 Equity Shares
|₹2 Per Equity Share
|IPO Price Band
|₹[.] to ₹[.] Per Share
|IPO Listing on
|BSE & NSE
Now let’s look at how to figure out the projected listing price with a premium included. The expected listing price will be about ₹300 if the grey market indicates that the IPO rate is ₹100 and the IPO price is around ₹200. The computation indicates that the listing gain relative to the IPO price will be 50%.
How to Apply for the Tata Technologies IPO?
- Open a Demat account with a brokerage company that is registered.
- Check the IPO details, including dates and lot size.
- Place an IPO order through your brokerage, specifying the number of shares you want.
- Use the approved payment method to complete the payment.
- Await allotment results after the subscription period.
- If you are awarded shares, they will be credited to your Demat account.
- Start trading once the IPO shares are listed on the stock exchange.
Tata Motors Tata Technologies IPO Objects of the Issue
- Realize the advantages associated with listing equity shares on stock exchanges;
- Execute the Selling Shareholders’ Offer to Sell Up to 95,708,984 Equity Shares.
Tata Technologies IPO Price
An estimated 12,000 crore Indian national rupees will be the price of Tata Technologies’ first public offering of shares. It is anticipated that the share price will be about ₹295. If there is a discount of 10 to 15% then you can be able to avail the benefits and the price of Tata Technologies shares will be around ₹200-₹285.
Tata Technologies IPO Lot Size
While neither the business nor any official has declared a specific date for the launch of the Tata Technologies IPO, it is expected to occur somewhere between the last week of September and the first week of October 2023.
More information, including the price range, minimum number of lots, and registrar, will be made available soon. Investors will be able to readily verify the details of the Tata Technologies IPO subscription on the websites of the stock exchanges NSE and BSE.
Tata Technologies IPO Review
Among the businesses that make up the Tata Group are Tata Technologies Limited, which offers services in the areas of engineering and design, manufacturing, product development, and IT service management. They serve original equipment manufacturers and their suppliers in the automotive and aerospace sectors. They operate in the Asia-Pacific region, Europe, the Middle East, and North America.
In the Fortune India Infotech Industry ranking, Tata Technologies is ranked as the fifteenth biggest IT business. With over 11,000 workers in 25 countries and over 4,000 experts globally, they are an international business. Regional offices are located throughout the USA, but the company’s headquarters are in Pune.