Tata Technologies IPO: Key Details
Basic information about the company: Incorporated in 1994, Tata Technologies Limited stands as a global engineering services leader, providing product development and digital solutions to original equipment manufacturers (OEMs) and their tier-1 suppliers worldwide. This article delves into the intricacies of the Tata Technologies IPO, offering a detailed insight into its background, objectives, and essential details. Engineering Excellence Across Industries
Tata Technologies has cultivated a reputation for engineering excellence since its inception. Specializing in the automotive industry, they have expanded their reach to adjacent sectors such as aerospace, transportation, and heavy construction machinery. This diverse expertise positions them as a versatile partner capable of tackling complex engineering challenges.
Global Operations and Collaborative Approach
Operating on a global scale, Tata Technologies brings together teams with diverse skill sets from different corners of the world. This collaborative approach enables real-time collaboration, fostering the ability to solve intricate engineering problems efficiently. Promoter Holding by Tata Motors Limited
Tata Motors Limited, a renowned name in the automotive sector, holds a significant stake in Tata Technologies Limited. The pre-issue shareholding stands at 66.79%, with a post-issue holding of 55.39%, underlining Tata Motors' commitment to the company's growth. Objectives of the IPO
The primary objectives of the Tata Technologies IPO include achieving the benefits of listing equity shares on stock exchanges and facilitating the offer for sale of up to 95,708,984 equity shares by the selling shareholders. These objectives align with the company's strategic vision for future growth and market presence. Shareholder's Category: The record date for shareholders is November 13, determining eligibility for those holding Tata Motors. Shareholders can apply for a maximum of ₹2,00,000, along with the option to apply in the retail or HNI category. Allotment in the shareholder category is done on a proportionate basis, ensuring fairness. Tata Technologies IPO Details
IPO Dates: 22 to 24 Nov 2023
Price Band: ₹475 to ₹500 per share
Lot Size: 30 Shares
Total Issue Size: ₹3,042.51 Cr
Retail Quota: 35%
Share Holder Quota: 6,085,027 Shares
IPO Gmp: +60% (Only for Information)
Link for checking Allotment status: https://linkintime.co.in/mipo/ipoallotment.html
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