27 Nov 2023, 12:23 PM IST
Introduction
Tata Technologies Limited, a global engineering services company, is set to launch its Initial Public Offering (IPO) from November 22, 2023, to November 24, 2023. This article delves into the intricacies of the IPO, providing a detailed overview and financial analysis.
IPO Details
| Price Range | Lot Size | Min. Investment | Bid Dates | Listing Date | GMP Yesterday 27-Nov-2023 | GMP Today 28-Nov-2023 | Expected Share Price | Expected Profit per Lot | Buy Y/N |
|---|---|---|---|---|---|---|---|---|---|
| ₹475-₹500 | 30 | ₹14,250 | 22nd to 24th November 2023 | 5th Dec 2023 | ₹414 | ₹414 | ₹914 | ₹13, 170 | Y |
Here are the key details of the Tata Technologies IPO:
IPO Date: November 22, 2023, to November 24, 2023
Listing Date: Yet to be announced
Face Value: ₹2 per share
Price Band: ₹475 to ₹500 per share
Lot Size: 30 Shares
Total Issue Size: 60,850,278 shares (₹3,042.51 Cr)
Offer for Sale: 60,850,278 shares (₹3,042.51 Cr)
Issue Type: Book Built Issue IPO
Listing At: BSE, NSE
Share Holding Pre Issue: 405,668,530
Share Holding Post Issue: 405,668,530
IPO Timeline (Tentative)
The IPO process is expected to follow this timeline:
- IPO Open Date: Wednesday, November 22, 2023
- IPO Close Date: Friday, November 24, 2023
- Basis of Allotment: Thursday, November 30, 2023
- Refund Initiation: Friday, December 1, 2023
- Credit of Shares to Demat: Monday, December 4, 2023
- Listing Date: Tuesday, December 5, 2023
Tata Technologies IPO Lot Size
Investors can bid for a minimum of 30 shares and in multiples thereof. The following table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount:
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 30 | ₹15,000 |
| Retail (Max) | 13 | 390 | ₹195,000 |
| S-HNI (Min) | 14 | 420 | ₹210,000 |
| S-HNI (Max) | 66 | 1,980 | ₹990,000 |
| B-HNI (Min) | 67 | 2,010 | ₹1,005,000 |
Financial Overview
Revenue and Profit After Tax (PAT)
Tata Technologies has shown significant growth in its financials between the financial years ending March 31, 2022, and March 31, 2023:
| Period Ended | Assets (₹ Cr) | Revenue (₹ Cr) | PAT (₹ Cr) | Net Worth (₹ Cr) |
|---|---|---|---|---|
| 30 Sep 2023 | 5,142.42 | 2,587.42 | 351.90 | 2,853.13 |
| 31 Mar 2023 | 5,201.49 | 4,501.93 | 624.04 | 2,989.47 |
| 31 Mar 2022 | 4,218.00 | 3,578.38 | 436.99 | 2,280.16 |
| 31 Mar 2021 | 3,572.74 | 2,425.74 | 239.17 | 2,142.15 |
Key Performance Indicators (KPIs)
The market cap for Tata Technologies is ₹20,283.43 Cr, and the P/E ratio is 32.53. Other key performance indicators include:
- P/E (x): 32.53
- Market Cap (₹ Cr.): 20,283.43
- EPS (Rs): 15.37
- RoNW: 20.87%
Should You Invest?
Grey Market Premium (GMP)
While the Grey Market Premium (GMP) is subject to fluctuations, recent trends indicate a positive sentiment. Here’s the GMP for Tata Technologies IPO:
| Date | Grey Market Price (GMP) |
| 28-Nov-2023 27-Nov-2023 26-Nov-2023 25-Nov-2023 24-Nov-2023 23-Nov-2023 22-Nov-2023 21-Nov-2023 20-Nov-2023 19-Nov-2023 18-Nov-2023 17-Nov-2023 16-Nov-2023 | ₹414 ₹414 ₹405 ₹405 ₹405 ₹395 ₹350 ₹350 ₹352 ₹375 ₹375 ₹365 ₹342 |
| 15-Nov-2023 | ₹298 |
| 14-Nov-2023 | ₹282 |
| 13-Nov-2023 | ₹282 |
| 12-Nov-2023 | ₹285 |
| 11-Nov-2023 | ₹290 |
| 10-Nov-2023 | ₹275 |
| 9-Nov-2023 | ₹275 |
| 8-Nov-2023 | ₹270 |
| 7-Nov-2023 | ₹270 |
| 6-Nov-2023 | ₹270 |
| 5-Nov-2023 | ₹270 |
| 4-Nov-2023 | ₹275 |
| 3-Nov-2023 | ₹257 |
| 2-Nov-2023 | ₹275 |
| 1-Nov-2023 | ₹275 |
| 31-Oct-2023 | ₹275 |
| 30-Oct-2023 | ₹275 |
| 29-Oct-2023 | ₹275 |
| 28-Oct-2023 | ₹275 |
| 27-Oct-2023 | ₹240 |
| 26-Oct-2023 | ₹240 |
| 25-Oct-2023 | ₹240 |
| 24-Oct-2023 | ₹240 |
| 23-Oct-2023 | ₹240 |
| 22-Oct-2023 | ₹240 |
| 21-Oct-2023 | ₹240 |
| 20-Oct-2023 | ₹241 |
| 19-Oct-2023 | ₹240 |
| 18-Oct-2023 | ₹250 |
| 17-Oct-2023 | ₹257 |
Tata Technologies Limited latest IPO GMP
Conclusion
Applying for Tata Technologies IPO: A Positive Prospect
Investors eyeing the Tata Technologies IPO have compelling reasons to consider applying. The Grey Market Premium (GMP) reflects a consistently positive sentiment. As of November 28, 2023, the GMP stands at ₹414, showcasing strong demand and potential for healthy returns. The company’s impressive financials, with a growing revenue and a notable P/E ratio of 32.53, further contribute to its appeal. While GMP trends are subject to market fluctuations, the current positive trajectory suggests a favorable outlook for those considering participation in this IPO. Prospective investors are encouraged to conduct thorough research and consult with financial experts to make informed decisions in capitalizing on this promising investment opportunity.
Disclaimer
This information serves only as a guide