Tata Technologies Limited IPO Detail

Offer Details: The IPO is an offer for sale of 6.09 crore shares aggregating to Rs 3,042.51 crores. The price band is Rs 475 to Rs 500 per share.

Issue Dates: The issue opens on November 22, 2023 and closes on November 24, 2023.

Minimum Investment: The minimum investment for retail investors is Rs 15,000 for 30 shares.

Promoter Holding: Tata Motors holds 66.79% stake in Tata Technologies currently and will hold 55.39% post issue.

Company Profile: Tata Technologies is a leading global engineering services company serving auto and other industries with end-to-end capabilities.

Financials: The company has demonstrated strong growth in revenue and profits over last 3 years.

Valuations: The IPO is attractively priced with a P/E of 32.53x based on annualized H1FY23 EPS.

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