Tata Technologies IPO Date 2023, GMP, Review & How to apply?

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Tata Technologies IPO Date, a division of Tata Motors, is expected to launch its initial public offering (IPO) for general subscription in early October 2023. With the initial public offering (IPO), Tata Technologies hopes to raise up to 95,708,984 shares at a price of ₹2 each. The maximum number of shares offered for sale is 81.13 million for Tata Motors, 9.72 million for Alpha TC Holdings Pte, and 4.86 million for Tata Capital Growth Fund I. The retail quotas are 35%, HNI 15%, and QIB 50 %.

Tata Technologies IPO Date

Rajesh Sinha, Principal Research Analyst, at Bonanza Portfolio, discussed the specifics of Tata Technologies’ IPO. He said, “Tata Technologies reported TTM revenue of ₹ 3,983 crore and TTM net profit of ₹ 513 crore, resulting in TTM EPS of ₹ 12.65 crore.” Tata Technologies and Cyient can be compared as the latter is primarily involved in the same industry and has a TTM revenue of ₹6,016 crore. Cyient is now trading at 23.5 times TTM EPS of ₹46.52. To arrive at an intrinsic value of ₹ 268 per share, we valued Tata Technologies at a 10% discount to Cyient’s attributed multiple of 21.2x TTM EPS.

₹ 10,852 crore market cap for Tata Technologies.” The most recent Tata Group company to go public in India was more than 19 years ago. Tata Technologies Limited is a new venture under the Tata Group and a subsidiary of Tata Motors. Now that market regulator SEBI (Securities and Exchange Board of India) has given the go-ahead to the firm, Dalal Street watchers are eagerly anticipating the launch of Tata Technologies’ IPO.

Tata Technologies IPO GMP

The gray market premium of Tata Technologies IPO (GMP) stands at ₹ 100 today and remains constant from the previous weekend, according to market watchers. They added that because of Dalal Street’s trend reversal, Tata Technologies’ IPO GMP remains unchanged from the previous weekend. However, earlier in the week, Tata Technologies’ GMP IPO fell to around ₹84.

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, Tata Technologies shares had recovered enough to once again touch the three-digit mark on the unlisted stock market. Hence, the gray market suggests that the Tata Technologies IPO can give its lucky allottees a listing profit of more than 35%, based on the company’s estimated price of ₹268.

Tata Technologies IPO Date

How to apply for the Tata Technologies IPO?

We have outlined the procedures you should follow if you are attracted to this investment opportunity but are not sure how to apply for the Tata Technologies IPO.

Once the public issue is available for subscription, you can apply for Tata Technologies IPO on Upstox by following these simple step-by-step instructions:

  • 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

Tata Technologies IPO is expected to open for business in the first week of October 2023, with neither the company nor any official announcing the date officially. Details of its price range, share price, minimum lots, and registrar will be available soon.

As the information will be published on both NSE and BSE, investors can easily check Tata Technologies’ initial public offering (IPO) subscription details from the stock market website or any other website.

Tata Technologies IPO review

The following five arguments are provided by Aamar Deo Singh, Senior Advisor, Angel One, in support of your Tata Technologies IPO application:

  • 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.
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