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Tata Technologies IPO Date, GMP, Lot Size, Review & How to apply?

Tata Technologies IPO Date

It is anticipated that towards the start of October 2023, Tata Technologies IPO Date, a division of Tata Motors, will launch its Initial Public Offering (IPO) for general subscriptions. With its first public offering (IPO), Tata Technologies hopes to raise up to 95,708,984 equity shares at a price of ₹2 each. The maximum number of equity shares offered for sale is 81.13 million by Tata Motors, 9.72 million by Alpha TC Holdings Pte, and 4.86 million by Tata Capital Growth Fund I. Retail quotas are 35%, HNIs are 15%, and QIBs are 50%.

Tata Technologies IPO Date

Rajesh Sinha, Senior Research Analyst at Bonanza Portfolio, discussed the specifics of Tata Technologies IPO Date. He said, “Tata Technologies has reported TTM revenue of ₹3,983 crore and TTM Net Profit of ₹513 crore, resulting in a TTM EPS of ₹12.65.” Tata Technologies and Cyient may be compared, given the latter is primarily involved in the same industry and has a TTM revenue of ₹6,016 crore. Cyient is now selling at 23.5 times its TTM EPS of ₹46.52. To get the intrinsic value of ₹268 per share, we have valued Tata Technologies at a 10% discount to the multiple ascribed to Cyient at 21.2x TTM EPS.

₹10,852 crore market capitalization for Tata Technologies.” The latest Tata Group company to float on the Indian Stock Exchange was over 19 years ago. Tata Technologies Limited is a new business within the Tata Group and a subsidiary of Tata Motors. Now that the market regulator SEBI (Securities and Exchange Board of India) has granted the go-ahead to the firm, Dalal Street onlookers are excitedly anticipating the commencement of the Tata Technologies IPO Date.

Tata Technologies IPO GMP

The Tata Technologies IPO grey market premium (GMP), according to market watchers, is ₹100 today, remaining constant from the previous weekend. They added that because of Dalal Street’s trend reversal, Tata Technologies’ IPO GMP remains unchanged from the previous weekend. But at the start of the week, the Tata Technologies IPO GMP dropped to about ₹84 levels.

IPO Open2023
IPO Close2023
IPO SizeApprox 95,708,984 Equity Shares
Offer for SaleApprox 95,708,984 Equity Shares
Face Value₹2 Per Equity Share
Retail Quota35%
QIB Quota50%
NII Quota15%
IPO Listing onBSE & NSE

However, by the end of the week, shares of Tata Technologies had recovered enough to reach the three-digit threshold on the unlisted stock market once again. Therefore, the grey market is indicating that Tata Technologies IPO may provide its fortunate allottees with a listing gain of more than 35%, based on the company’s estimated price of ₹268.

How to apply for the Tata Technologies IPO?

We’ve outlined the procedures for you to follow if this investment opportunity piques your attention but you’re not sure how to apply for the Tata Technologies IPO.

You may apply for the Tata Technologies IPO on Upstox by following these easy step-by-step instructions once the public issue is available for subscription:

  • Enter your six-digit PIN to access your Upstox account.
  • Once you’ve successfully logged in, choose “Discover.”
  • You may locate the section titled “Invest in IPO” under the Discover tab.
  • Locate and click on the “Tata Technologies IPO” tab under the “Invest in IPO” section.
  • Now enter all the necessary data, such as the “lot size” and “bid price.”
  • Verify and choose “Apply.”
  • Accept the directive using the UPI app.

Tata Technologies IPO Objects of the Issue

  • Utilization of the Offer proceeds by Selling Shareholders
  • Offer Expenses

Tata Technologies Lot Size for IPO

The first week of October 2023 is when Tata Technologies’ IPO is anticipated to open for business, while neither the company nor any official has made an official announcement on the date. It will soon be possible to acquire details on its price range, equity share price, minimum number of lots, and registrar.

Since the information will be posted at both the NSE and BSE, investors may easily review the details of Tata Technologies’ initial public offering (IPO) subscription from the stock market website or any other website.

Tata Technologies IPO review

The following five arguments are provided by Aamar Deo Singh, Head Advisory at Angel One, to support your application for the Tata Technologies IPO:

  • One of the major companies in the world providing automotive ER&D services is Tata Technologies.
  • Twelve new energy vehicle startups and 35 established OEMs and tier-I suppliers make up Tata Technologies’ customers.
  • In Fiscal 2022, Tata Technologies’ key customers brought in ₹10, 696.45 million, or 40.34 percent of total revenue.
  • Tata Technologies provides complete solutions for the research, production, and post-purchase servicing of electric vehicles.
  • Europe, North America, and Asia Pacific are among the notable clientele of Tata Technologies, making it a worldwide player.