Tata Motors Tata Technologies IPO

The specific date for the Tata Motors Tata Technologies IPO release date has not been set yet. However, it is expected to make its market debut in October 2023, following the submission of a DRHP (Draft Red Herring Prospectus) to SEBI. Tata Technologies, a division of Tata Motors, plans to make its initial public offering (IPO) by offering up to 95,708,984 equity shares at a price of ₹2 per share.

  • This offering comprises up to 4.86 million equity shares from Tata Capital Growth Fund I, up to 9.72 million equity shares from Alpha TC Holdings Pte, and Tata Motors may issue up to 81.13 million shares.
  • The allocation of shares is divided as follows: HNI (High Net Worth Individuals) – 15%, QIB (Qualified Institutional Buyers) – 50%, and the retail quota – 35%.

Tata Motors Tata Technologies IPO

Tata Technologies, a subsidiary of Tata Motors, has recently updated its DRHP with SEBI, announcing its intention to issue 9.57 crore shares in the upcoming IPO, each with a face value of ₹2 per share. Tata Motors, Alpha TC, and Tata Capital Growth Fund I will collectively offer approximately 8.11 crore, 9.71 crore, and 48.58 lakh shares in the Tata Motors Tata Technologies IPO.

The IPO process will be facilitated by financial firms including Citi, JM Financials, and BoFA Securities, and the proceeds from the offering will go to the selling shareholders. The shares will be listed on both BSE and NSE. Eligible employees can apply for Tata Motors Tata Technologies IPO shares through the Employee Reservation Portion at the Cut-off Price. The maximum bid amount for TML (Tata Motors Limited) shareholders is ₹2 lakh, while qualified employees may bid up to ₹5 lakh.

Tata Technologies IPO GMP

The grey market premium, or IPO GMP, typically arises after the IPO’s price range and date are announced, based on the demand for the IPO. Investors often consider this premium when making investment decisions, as it can fluctuate depending on market conditions, demand, and the number of subscriptions.

IPO OpenOctober 2023
IPO CloseOctober 2023
IPO Size Approx 95,708,984 Equity Shares
Offer for Sale Approx 95,708,984 Equity Shares
Face Value ₹2 Per Equity Share
IPO Price Band₹[.] to ₹[.] Per Share
Retail Quota35%
QIB Quota50%
NII Quota15%
IPO Listing onBSE & NSE

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Tata Motors Tata Technologies Ipo Price Today

To estimate the projected listing price with a premium, if the grey market suggests an IPO rate of ₹100 and the IPO price is around ₹200, the expected listing price would be about ₹300, resulting in a listing gain of 50%.

Tata Motors Tata Technologies IPO
Tata Motors Tata Technologies IPO

To apply for the Tata Technologies IPO?

Apply the following steps to get the IPO bid:-

  1. Open a Demat account with a registered brokerage firm.
  2. Check IPO details, including dates and lot size.
  3. Place an IPO order through your brokerage, specifying the number of shares you desire.
  4. Complete the payment using the approved payment method.
  5. Await allotment results after the subscription period.
  6. If allotted shares, they will be credited to your Demat account.
  7. Start trading when the IPO shares are listed on the stock exchange.

Tata Motors Tata Technologies IPO Objects and Issue

The objectives of the Tata Motors Tata Technologies IPO include realizing the benefits of listing equity shares on stock exchanges and executing the Selling Shareholders’ Offer to Sell up to 95,708,984 Equity Shares.

Tata Technologies IPO Price Today

The anticipated price of Tata Technologies’ IPO is approximately ₹12,000 crore Indian national rupees, with a share price expected to be around ₹295, potentially offering discounts of 10 to 15%. This could result in Tata Technologies shares being priced in the range of ₹200-₹285.

Tata Technologies IPO Lot Size

While no official date has been announced for the Tata Technologies IPO, it is expected to launch between the last week of September and the first week of October 2023. Additional details, including the price range, minimum lot size, and registrar information, will be provided soon, and investors can check the Tata Technologies IPO subscription details on the NSE and BSE stock exchange websites.

Tata Technologies IPO Review

Tata Technologies Limited is a part of the Tata Group and specializes in engineering and design, manufacturing, product development, and IT service management. They cater to original equipment manufacturers and their suppliers in the automotive and aerospace sectors, with a global presence in the Asia-Pacific region, Europe, the Middle East, and North America.

With over 11,000 employees in 25 countries and over 4,000 experts worldwide, Tata Technologies is a global company, with headquarters located in Pune. It is ranked as the fifteenth largest IT business in the Fortune India Infotech Industry ranking.

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