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name

Tata Technologies

industry

Technology & Manufacturing

employees

12,000+

founding_year

1989

ticker

Tata Technologies

filing_information

ipo_file_date

March 13, 2023

nr_of_shares

95,708,984

price

~$5.71-6.01

exchange

Bombay Stock Exchange (BSE) and National Stock Exchange (NSE)

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-

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What is Tata Technologies?

Tata Technologies stands out as a leading global provider of engineering and technology services, proudly part of the renowned Tata Group. Its expertise primarily lies in the automotive field, but it doesn't stop there – it also caters to sectors like aerospace, cloud computing, transportation, and heavy-duty machinery.

A significant chunk (about 60%) of Tata Technologies' revenue streams in from its engineering services, with big names like Tata Motors, Jaguar Land Rover, and Airbus on its client roster. The other part of its earnings is fueled by product development, which includes crafting things like automotive components and implementing forward-thinking business tactics, like directly selling its tech to original equipment manufacturers (OEMs) and companies in the cloud space.

When is the IPO expected to launch?

Tata Technologies is gearing up for a highly anticipated IPO, the first in nearly 20 years following the footsteps of its successful sister consulting company under the Tata umbrella.

This IPO is set to be an offer-for-sale (OFS), which means the company's higher-ups are looking to sell their shares to the public. The aim here is to raise more capital by offloading a 10% stake.

Having filed with the Securities and Exchange Board of India (SEBI) in March 2023, and with impressive Q3 numbers, there's a buzz among traders and investors for the IPO slated for November 22-24. Expect it to go live on the Neotrades WebTrader around Friday, November 24th.

A Quick Look at Tata Technologies' IPO Stats

As per Reuters, Tata Technologies is in discussions with heavy-hitters like Morgan Stanley, Blackrock, and various US hedge funds, eyeing investment in its IPO valued at an impressive $2.5 billion. The company's last known valuation stood at about $2 billion (Rs 16,300 crore), with the current price range expected to be $5.71-6.01 USD (₹475-500).

  • In 2022, the company saw a record-breaking revenue growth of 46%, and a 23% profit increase in the first 9 months of 2023.

Handling the IPO are popular banks like JM Financial, Citigroup Global Markets India, and BofA Securities India, with Link Intime India as the appointed registrar.

Tata Technologies & The Bigger Tata Picture  

  • Marking its first IPO in nearly two decades, Tata Group, the parent company, last made waves with the Tata Consultancy Services launch in 2004.
  • In 2022, Tata Group's revenue hit $150 billion, showing a 17.19% increase.
  • Tata Technologies plays a key role within the Tata Group, serving brands like Jaguar, Land Rover, Starbucks, Air Asia, and more.

 

For the latest scoop on Tata Technologies or to stay in the loop about the IPO, get connected with your Personal Account Representative. 

sources: CNBC, Reuters, Business Today, The Economic Times

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Founded

1989

Expected IPO Valuation

$2.5 billion

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Tata Technologies

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Tata Technologies

  • ipo_date 24/11/2023
  • ipo_price ~$5.71-6.01

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