Tata Technologies Ltd. IPO

The company is a global engineering services provider that specializes in product development and digital solutions for original equipment manufacturers (OEMs) and their tier 1 suppliers. With a focus on creating safer, cleaner, and higher quality products, the company leverages its deep expertise in the automotive industry to serve clients in adjacent industries, such as aerospace, transportation, and construction heavy machinery.

RHP
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DRHP
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Open Date

2023-11-22

Close Date

2023-11-24

Company Financials

You can get the following financial statements of Tata Technologies Ltd. as of now.

Subscription Details

The details about the Tata Technologies Ltd IPO is as:

  • The issue size of the IPO is 3042.51 Cr.
  • The price band for Tata Technologies Ltd IPO is Rs 475 to Rs 500.
  • The shares of Tata Technologies Ltd will list on 30th November 2023.
  • The latest tentative GMP or Grey Market Premium of Tata Technologies Ltd IPO is Rs 410.
  • The Shareholders Quota for Tata Technologies IPO is 6,085,027 Shares worth Rs 304.25 Cr.
  • The Employee Quota for Tata Technologies IPO is 2,028,342 Shares worth Rs 101.42 Cr.
  • The shares of Tata Technologies IPO is subscribed 69.43 times in total. It is highly oversubscribed.

 

Tata Technologies Ltd IPO Valuation

The approx valuation of Tata Technologies Ltd IPO based on its price band and RHP/DRHP (prospectus) is:

Particulars Value
Upper Price Band Rs 500
Existing Shares (Qty) 40.56 Cr
Market Cap 20,280 Cr
EPS (FY23) Rs 15.38
PE Ratio 32.50x
Industry PE  59.78x

 

Tata Technologies Ltd IPO Issue Size

Tata Technologies Ltd IPO issue size is 3042.51 Cr.

Issue Amount
Fresh Issue 0 Cr
Offer For Sale 3042.51 Cr

 

Tata Technologies Ltd IPO Market Lot

An Individual can apply for a minimum 1 lot of 30 shares and a maximum of 13 lots of 390 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 30 15,000
 Maximum 13 390 1,95,000

 

Tata Technologies Ltd IPO share offer

The shares of Tata Technologies IPO is subscribed 69.43 times in total. It is highly oversubscribed. The category-wise shares subscribed are as follows:

Category % Offered Subscription
Qualified Institutional Maximum 50% 203.41 Times
Non-Institutional Minimum 15% 62.11 Times
Retail Individual Minimum 35% 16.50 Times
Employee 20,28,342 Shares 3.70 Times
Others 60,85,027 Shares 29.20 Times
Total   69.43 Times

Allotment Details

Find below the dates for Tata Technologies Limited IPO:

Schedule Date
Basis of Allotment 28 November 2023
Refunds 29 November 2023
Credit to Demat Account 29 November 2023
IPO Listing Date 30 November 2023

 

Tata Technologies Limited IPO allotment is out. Check the allotment of Tata Technologies Limited IPO by clicking on the button below.

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Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 1217.3 1244.55 1050.84 1730.76 2112.28
Total Expenditure 915.59 941.42 859.65 1421.22 1750
Operating Profit 301.71 303.13 191.19 309.54 362.28
Other Income 13.19 150.62 24.71 37.57 42.7
Interest 0.04 8.85 10.62 14.48 11.66
Depreciation 48.78 59.96 53.65 49.84 61.17
Exceptional Items 0 -1.34 -4.99 0 0
Profit Before Tax 266.08 383.6 146.64 282.79 332.15
Provision for Tax 74.9 91.68 38.43 64.27 88.12
Net Profit 191.18 291.92 108.21 218.52 244.03
Adjusted EPS (Rs.) 0.44 0.7 0.26 0.52 0.6

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 43.05 41.81 41.81 41.81 81.13
Total Reserves 716.2 718.57 829.31 742.15 938.76
Borrowings 0 0 0 0 0
Other N/C liabilities 0.35 80.7 72.5 54.94 36.71
Current liabilities 193.49 157.53 934.09 1223.28 1486.47
Total Liabilities 953.09 998.61 1877.71 2062.18 2543.07
Assets
Net Block 97.26 190.77 159.8 183.93 178.07
Capital WIP 3.98 0.09 0.04 0.26 2.65
Intangible WIP 21.06 0.26 0.07 0 0.1
Investments 252.74 223.91 218.91 218.91 218.91
Loans & Advances 22.01 36.84 30.51 40.93 43.26
Other N/C Assets 6.04 6.29 7.64 36.59 78.37
Current Assets 550 540.45 1460.74 1581.56 2021.71
Total Assets 953.09 998.61 1877.71 2062.18 2543.07
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2023
Other Income 16.23
Profit Before Tax 128.26
Tax 34.19
Profit After Tax 94.07
Adjusted EPS (Rs) 2.32

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2023 55.39 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations 266.08 291.92 108.21 218.52 244.03
Adjustment 53 12.68 94.35 126.73 133.58
Changes in Assets & Liabilities -71.19 -9.24 743.39 -638.18 62.19
Tax Paid -84.84 -78.84 -63.64 -76.9 -93.18
Operating Cash Flow 163.05 216.52 882.31 -369.83 346.62
Investing Cash Flow -19.17 148.8 -684.08 158.93 26.96
Financing Cash Flow -153.44 -311.08 -20.54 -19.2 -318.09
Net Cash Flow -9.56 54.24 177.69 -230.1 55.49
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