?? Tata Technologies IPO: Your Guide to Tata Technologies IPO ?? #InvestWisely

Tata Technologies Limited, a global engineering services powerhouse, is coming up for its Initial Public Offering (IPO) scheduled from November 22, 2023, to November 24, 2023.?

Are you considering the Tata Technologies IPO? Here's a comprehensive overview to help you make an informed decision:?? Key Dates:

- IPO Opens: November 22, 2023

- IPO Closes: November 24, 2023

- Listing Date: December 5, 2023

?? Financial Snapshot:

Tata Technologies, incorporated in 1994, has showcased robust financial performance. The restated consolidated financials reveal a noteworthy revenue increase of 25.81% and a remarkable 42.8% rise in Profit After Tax (PAT) between March 31, 2022, and March 31, 2023.

?? IPO Details:

- Face Value: ?2 per share

- Price Band: ?475 to ?500 per share

- Lot Size: 30 Shares

- Total Issue Size: 60,850,278 shares (aggregating up to ?3,042.51 Cr)

- Listing at: BSE, NSE

?? Global Presence and Expertise:

With its inception in 1994, Tata Technologies has emerged as a global player, offering product development and digital solutions. Specializing in the automotive industry, the company has diversified its expertise into aerospace, transportation, and heavy construction machinery.

?? IPO Reservation:

- QIB Shares Offered: Not more than 50% of the Net Issue

- Retail Shares Offered: Not less than 35% of the Net Issue

- NII (HNI) Shares Offered: Not less than 15% of the Net Issue

?? Objects of the Issue:

The IPO aims to achieve the benefits of listing equity shares on stock exchanges and facilitate the Offer for Sale of up to 95,708,984 Equity Shares by the Selling Shareholders.

?? Key Performance Indicators (KPI):

- Market Cap: ?20,283.43 Cr

- P/E Ratio: 32.53

- EPS: ?15.37

- RoNW: 20.87%

?? IPO Review:

Analysts are buzzing with optimism about the Tata Technologies IPO. Dilip Davda, a seasoned market expert, suggests that the issue is reasonably priced, reflecting the trust associated with the "TATA" legacy. Investors are advised not to miss this opportunity for potential medium to long-term rewards.

?? Buy or Not?

The IPO Recommendation Summary leans heavily towards a positive outlook. Brokers and members alike seem to be in favor of subscribing, indicating a vote of confidence in Tata Technologies.

?? Lead Managers:

- JM Financial Limited

- Citigroup Global Markets India Private Limited

- BofA Securities India Limited

Exciting times lie ahead for investors as Tata Technologies charts its course into the public market. Stay tuned for further updates?

Disclaimer: This information is for informational purposes only and does not constitute financial advice. Please conduct thorough research or consult with a financial advisor before making investment decisions.

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