General Info
Sobre la empresa
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NameTata Technologies
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IndustryTechnology & Manufacturing
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Employees12,000+
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Founding year1989
Información de presentación
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IPO File DateMarch 13, 2023
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ExchangeBombay Stock Exchange (BSE) and National Stock Exchange (NSE)
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BookrunnersJM Financial, Citigroup Global Markets India and BofA Securities India
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No. of Shares Released95,708,984
Detalles de la OPI
What is Tata Technologies?
Tata Technologies is a key player under the Tata Group umbrella, a name that rings a bell for its massive success. While they're big in the car world, they also play a major role in areas like aerospace, cloud computing, transport, and heavy machinery. The remainder is generated through its product development division, focusing on designing automotive components and pioneering new business approaches, like directly licensing its technology to original equipment manufacturers (OEMs) and cloud services providers.
When is the anticipated IPO happening?
Tata Technologies' upcoming IPO is drawing significant attention, being the first in almost 20 years since its sister consultancy firm, also under the Tata umbrella, had a successful launch.
The IPO includes an offer-for-sale (OFS), meaning the company's promoters can offer their shares to the public, aiming to raise capital by selling a 10% stake.
After filing with the Securities and Exchange Board of India (SEBI) in March 2023, and showing solid financials in Q3, there's keen interest from traders and investors for the IPO, slated for November 22-24. It's expected to be available on Clicktrades WebTrader by around Friday, November 24th.
Tata Technologies Upcoming IPO
Reuters reports that the company is negotiating with Morgan Stanley, Blackrock, and other major US hedge funds to invest in its IPO, valued at a significant $2.5 billion. Previously, the company was valued at around $2 billion (Rs 16,300 crore), with the price range set at approximately $5.71-6.01 USD (₹475-500).
- Last year, they hit a record with a 46% jump in revenue.
- Momentum kept with a 23% increase in profits in the first nine months of 2023.
Managing the IPO are renowned bookrunners JM Financial, Citigroup Global Markets India, and BofA Securities India, with Link Intime India as the registrar.
More on Tata Technologies & The Tata Group
- In 2022, Tata Group achieved a significant revenue milestone of $150 billion, a 17.19% increase.
- This marks the first IPO from the Tata Group in about 20 years since the successful launch of Tata Consultancy Services in 2004.
- Tata Technologies plays a key role within the Tata Group, serving brands like Jaguar, Land Rover, Starbucks, Air Asia, and more.
For further details on Tata Technologies or updates on the IPO's availability on Clicktrades, get in touch with your Account Representative.
Resumen
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NameTata Technologies
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IndustryTechnology & Manufacturing
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Employees12,000+
-
Founding year1989
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IPO File DateMarch 13, 2023
-
ExchangeBombay Stock Exchange (BSE) and National Stock Exchange (NSE)
-
BookrunnersJM Financial, Citigroup Global Markets India and BofA Securities India
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No. of Shares Released95,708,984
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