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Tata Technologies IPO PDF 201123

Tata Technologies Limited is coming out with an initial public offering to raise 3042 crores rupees. The issue will open on November 22nd and close on November 24th, with shares priced between 475-500 rupees. Tata Technologies is a leading global engineering services company offering product development and digital solutions to automotive and other manufacturing clients. The funds from the IPO will be used to repay debt and for general corporate purposes.

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83 views1 page

Tata Technologies IPO PDF 201123

Tata Technologies Limited is coming out with an initial public offering to raise 3042 crores rupees. The issue will open on November 22nd and close on November 24th, with shares priced between 475-500 rupees. Tata Technologies is a leading global engineering services company offering product development and digital solutions to automotive and other manufacturing clients. The funds from the IPO will be used to repay debt and for general corporate purposes.

Uploaded by

Hitesh Phulwani
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Tata Technologies Limited IPO

November 22 to November 24

Tata Technologies Limited is coming out with a fresh public issue to raise ₹ 3042 crores from the
market.
Key details of the issue:
• Issue opens – November 22 (Wednesday)
• Issue closes – November 24 (Friday)
• Issue size – ₹ 3042 crores
• Price band – ₹ 475 - 500 per equity share
• Bid lot – 30 shares and in multiples thereof
And here are some details of the company and further details on the Tata Technologies Limited
IPO issue.
Company details:
• Tata Technologies Limited (“Tata Technologies”) was incorporated on August 22, 1994.
Promoted by Tata Motors Ltd (“TML”), Tata Technologies is a leading global engineering services
company offering product development and digital solutions including turnkey solutions to global
OEMs and their Tier-1 suppliers. The company has deep domain expertise in the automotive industry
and leverage this expertise to serve their clients in adjacent industries, such as in aerospace and
transportation and construction heavy machinery (“TCHM”).

• Tata Technologies is a pure-play manufacturing focused Engineering Research &


Development (“ER&D”) company, primarily focused on the automotive industry and they are
currently engaged with 7 out of the Top-10 automotive ER&D spenders and 5 out of the 10 prominent
new energy ER&D spenders in 2022.

• They leverage their deep manufacturing domain knowledge to deliver value-added services to their
clients in support of their digital transformation initiatives including product development,
manufacturing, and customer experience management.

• Company’s primary business line is services (“Services”), which includes providing outsourced
engineering services and digital transformation services to global manufacturing clients helping them
conceive, design, develop and deliver better products.

• Tata Technologies complements their service offerings with their Products and Education businesses
(collectively, “Technology Solutions”). Through their Products business they resell third-party
software applications, primarily product lifecycle management (“PLM”) software and solutions and
provide value added services such as consulting, implementation, systems integration and support.

• Tata Technologies has a diversified global client base and as of September 30, 2023, they have 19
global delivery centres spread across North America, Europe and Asia Pacific.

• They have established strong partnerships and alliances, such as with Dassault, Logility, Siemens
Industry Software Inc., Codincity and Fantasy and by availing Microsoft AZURE products/services
that augment their efforts and enable them to expand their client reach across verticals and geographies.
They have also recently been empanelled by Airbus which is expected to become a strong avenue of
growth.

Issue size: ₹ 3042 crores


Employee Reservation: Upto 2,028,342 Equity Shares
TML Shareholder Reservation: Upto 6,085,027 Equity Shares
Issue break-up:
• QIB – 50% of the net offer – ₹ 1318 crores
• NIB – 15% of the net offer – ₹ 396 crores
• RET – 35% of the net offer – ₹ 923 crores

Listing: BSE and NSE

Registrar: Link Intime India Private Limited


UPI: All retail applications through brokers are compulsorily in UPI mode.
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