Tata technologies ipo

Pune-based Tata Technologies, a subsidiary of Tata Motors, on March 10 filed a draft red herring prospectus with the Securities and Exchange Board of India (SEBI) to initiate an initial public offering (IPO) and raise funds. The IPO consists of a pure offer for sale (OFS) of up to 95.71 million shares, with Tata Motors offering up to 81.13 million shares, Alpha TC Holdings Pte offering up to 9.72 million shares, and Tata Capital Growth Fund I offering up to 4.86 million shares. Currently, Tata Motors holds a 74.69 percent stake in the company, while Alpha TC Holdings Pte and Tata Capital Growth Fund I hold 7.26 percent and 3.63 percent stakes, respectively. Tata Technologies IPO: Key things to know about the company Tata Tech: Global engineering services company Tata Technologies is a global engineering services company offering product development and digital solutions, including turnkey solutions, to global original equipment manufacturers. The company uses domain expertise in the automotive industry to serve clients in other industries like aerospace, transportation, and construction heavy machinery. Tata Tech IPO: First IPO after TCS Tata Motors Limited is the promoter of Tata Technologies. This is the first Tata Group company to go public on the domestic bourses since Tata Consultancy Services in 2004, making it a significant event for the salt-to-software conglomerate. As per the prospectus, the average cost of acquisition per equity share acquired by the selling sha...

"...Board of Directors of Tata Motors Limited (the “Company”)], at its meeting held today, i.e., on December 12, 2022 has accorded its in-principle approval to explore the possibility of partial divestment of the Company’s investment in Tata Technologies Limited [“TTL”], a subsidiary of the Company, through an IPO route..," the official statement on the exchange filing read. Tata Technologies IPO As per the exchange filing, Tata Technologies IPO would be subject to market conditions, applicable approvals, regulatory clearances, including observations from the Securities and Exchange Board of India and certain other considerations. The proposed IPO could be among Tata Group's first in years, with direct broadcast satellite service provider Tata Play also set to file offer documents with the market regulator soon, according to a Reuters report. Tata Technologies is a global engineering and product development digital services firm. Tata Technologies offers services to industries across aerospace, automotive, industrial heavy machinery and others. Read- Landmark car IPO Review by Anil Singhvi: Subscribe or avoid? Check recommendation here As per information available on the company's website, Tata Technologies had clocked revenue of USD 473.5 million in FY22, a PTI report said. Tata Technologies was founded in 1989 as a unit of Tata Motors. The automaker held a 74.43 per cent stake in the company as of March 31, the latest annual report showed, a Reuters report said. Tata Mot...

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Stock market experts said that Tata Technologies IPO contains shareholding of ₹7.40 apiece (as mentioned in the DRHP), whereas Tata Technologies share price is quoting around ₹850 per share in the unlisted stock market. So, market is expecting huge monetary benefit for Tata Motors from this upcoming IPO of Tata Technologies. They said that Tata Motors share price may go up to ₹615 apiece levels ahead of Tata Technologies IPO launch date. Why Tata Motors share is surging? On how Tata Technologies IPO has injected momentum in Tata Motors shares, Avinash Gorakshkar, Head of Research at Profitmart Securities said, "Tata Technologies IPO is 100 per cent OFS and Tata Motors has offered its shares in upcoming IPO. This means, net proceeds of the Tata Technologies IPO is going to strengthen balance sheet Tata Motors. As Tata Motors acquired Tata technologies shares at ₹7.40 apiece and Tata Technologies share price is quoting around ₹850 in grey market, market is expecting whopping returns for Tata Motors from its investments in Tata Technologies." Avinash Gorakshkar went on to add that both primary and secondary market is looking bullish on Tata Technologies IPO as it has a strong brand image that Tata group has build over a long time. So, the public issue is expected to perform well as and when it gets open for subscribers. He said that uptrend in Tata Motors shares may continue as market is expecting strong quarterly numbers after the launch of Tata Technologies IPO. Expecting m...

After several years one of India’s biggest conglomerates, Tata Group, is planning for an IPO. As per latest reports, Tata Technologies has started working on the IPO. The company plans to raise Rs 4,000 crore with the Initial Public Offering, a latest report by ET said. Earlier it was reported that Tata Tech is working with two advisors on the IPO. However, the latest report suggests the company is in touch with multiple merchant bankers as it tries to gauge the timing and other aspects of the public offering. About the company Tata Tech is a global engineering and product development digital services arm of the Tata Group. The company offers its services to industries like automotive, industrial heavy machinery and aerospace. In FY22, Tata Tech had a revenue of $473.5 million. The company was founded as a Tata Motors unit back in 1989. READ |

Tata Motors holds 74.42% in Tata Technologies, according to the company’s 2022 annual report. Alpha TC Holdings Pte Ltd, a Singapore-based investment firm managed by Tata Capital Advisors, owns 8.96%, while Tata Capital Growth Fund owns another 4.48%. Other small shareholders include Tata Motors Finance Ltd, Tata Enterprises Overseas Ltd, Ratan Tata, S Ramadorai, the company chairman and others. As a global product engineering and digital services company, it helps companies in convergence of digital technology and traditional engineering to develop better products. In recent years, it has been working with original equipment manufacturers to conduct pre-study and feasibility of concept electric vehicles (EVs), full product development and even digital sales and marketing. Tata Technologies has more than 9,300 employees serving clients across Europe, North America and Asia-Pacific. Objectives in mind Tata Tech is planning a mix of primary and secondary sale of equity that will offer a liquidity event for financial and small investors. This will also provide access to primary growth equity for funding expansion in India and overseas. Tata Sons and Tata Technologies did not comment on what group watchers said could well become the first IPO in the tenure of chairman N Chandrasekaran, also the first for the group since TCS’ listing in 2004. The coffee-to-cars conglomerate is also priming Tata Play (formerly Tata Sky) for an IPO. It has made a confidential filing, the sole Ind...

Synopsis The size of the IPO wasn’t disclosed. However, according to Krishna Raghavan, Founder, UnlistedKart, a SEBI-registered research analyst firm, Tata Technologies' recent buyback valued the company at Rs 16,080 crore, indicating that the offered size could be at least Rs 3,800 – Rs 4,000 crore. The size of the IPO wasn’t disclosed. However, according to Krishna Raghavan, Founder, UnlistedKart, a SEBI-registered research analyst firm, Tata Technologies' recent buyback valued the company at Rs 16,080 crore, indicating that the offered size could be at least Rs 3,800 – Rs 4,000 crore. 5) Selling shareholders Under the OFS, Tata Technologies' parent company 6) Financial performance For the nine-month period ended December 2022, the company clocked 15% year-on-year growth in revenue at Rs 3,052 crore. The services segment revenue contributed 88% of the total revenue. The company's net profit during the same period stood at Rs 407 crore. 7) Objects of the offer According to the DRHP, the company will not receive any proceeds of the OFS from the selling shareholders. Each of them will be entitled to the respective proportion of the proceeds of the IPO after deducting their portion of the offer related expenses and the relevant taxes thereon. 8) Booking running lead managers 9) Offer structure About 50% of the offer is reserved for qualified institutional buyers (QIBs), 35% of the issue is reserved for retail investors and 15% for non-institutional investors. 10) Expert view...

The initial share sale of Tata Technologies is one of the most awaited ones on Dalal Street and analysts are expecting the company to hit the markets in five to six months. Ruling out the possibility of any regulatory hurdle regarding the IPO, analysts expect the approval from regulator SEBI anytime soon. In the unlisted market, the shares are trading around Rs 850 levels and since the pricing is not yet known, there have been supply side constraints. "There have been instances of bulk buying around Rs 750 levels and at one point, the shares have hit a peak of Rs 900. The stock is expected to list at a premium of 20-30%," said Manish Khanna, Co-Founder at Unlisted Assets. The issue is completely an offer for sale (OFS), under which the selling shareholders will offload up to 9.57 crore units representing 23.60% of its paid-up share capital. Under the OFS, Tata Technologies' parent company Tata Motors will offload 8.11 crore shares or a 20% stake in the company. Among other shareholders, Alpha TC Holdings Pte plans to sell up to 97.16 lakh shares (2.40%) and Tata Capital Growth Fund I would offload up to 48.58 lakh equity shares (1.20%). The size of the IPO hasn’t been disclosed yet. However, according to Krishna Raghavan, Founder, UnlistedKart, a SEBI-registered research analyst firm, Tata Technologies' recent buyback valued the company at Rs 16,080 crore, indicating that the offer size could be at least Rs 3,800 – Rs 4,000 crore. For the nine-month period ended December 2...

Stock market experts said that Tata Technologies IPO contains shareholding of ₹7.40 apiece (as mentioned in the DRHP), whereas Tata Technologies share price is quoting around ₹850 per share in the unlisted stock market. So, market is expecting huge monetary benefit for Tata Motors from this upcoming IPO of Tata Technologies. They said that Tata Motors share price may go up to ₹615 apiece levels ahead of Tata Technologies IPO launch date. Why Tata Motors share is surging? On how Tata Technologies IPO has injected momentum in Tata Motors shares, Avinash Gorakshkar, Head of Research at Profitmart Securities said, "Tata Technologies IPO is 100 per cent OFS and Tata Motors has offered its shares in upcoming IPO. This means, net proceeds of the Tata Technologies IPO is going to strengthen balance sheet Tata Motors. As Tata Motors acquired Tata technologies shares at ₹7.40 apiece and Tata Technologies share price is quoting around ₹850 in grey market, market is expecting whopping returns for Tata Motors from its investments in Tata Technologies." Avinash Gorakshkar went on to add that both primary and secondary market is looking bullish on Tata Technologies IPO as it has a strong brand image that Tata group has build over a long time. So, the public issue is expected to perform well as and when it gets open for subscribers. He said that uptrend in Tata Motors shares may continue as market is expecting strong quarterly numbers after the launch of Tata Technologies IPO. Expecting m...

Synopsis The size of the IPO wasn’t disclosed. However, according to Krishna Raghavan, Founder, UnlistedKart, a SEBI-registered research analyst firm, Tata Technologies' recent buyback valued the company at Rs 16,080 crore, indicating that the offered size could be at least Rs 3,800 – Rs 4,000 crore. The size of the IPO wasn’t disclosed. However, according to Krishna Raghavan, Founder, UnlistedKart, a SEBI-registered research analyst firm, Tata Technologies' recent buyback valued the company at Rs 16,080 crore, indicating that the offered size could be at least Rs 3,800 – Rs 4,000 crore. 5) Selling shareholders Under the OFS, Tata Technologies' parent company 6) Financial performance For the nine-month period ended December 2022, the company clocked 15% year-on-year growth in revenue at Rs 3,052 crore. The services segment revenue contributed 88% of the total revenue. The company's net profit during the same period stood at Rs 407 crore. 7) Objects of the offer According to the DRHP, the company will not receive any proceeds of the OFS from the selling shareholders. Each of them will be entitled to the respective proportion of the proceeds of the IPO after deducting their portion of the offer related expenses and the relevant taxes thereon. 8) Booking running lead managers 9) Offer structure About 50% of the offer is reserved for qualified institutional buyers (QIBs), 35% of the issue is reserved for retail investors and 15% for non-institutional investors. 10) Expert view...