Introduction
Tata Technologies Limited, a renowned global engineering services company, is set to make its debut in the stock market with its initial public offering (IPO). With a rich history dating back to 1994, Tata Technologies has established itself as a leading player in the industry, offering a wide range of product development and digital solutions. This article delves into the details of the Tata Technologies IPO and provides valuable insights for potential investors.
Engineering Solutions for a Better Tomorrow
Tata Technologies is driven by a vision to create value for its customers by developing products that are not only innovative but also contribute to a safer, cleaner, and better quality of life. Leveraging their deep domain expertise in the automotive industry, Tata Technologies serves clients not only in this sector but also in adjacent industries such as aerospace, transportation, and heavy construction machinery. They pride themselves on their ability to bring together diverse teams from around the world, collaborating in real-time to solve complex engineering challenges.
Tata Technologies IPO Details
The IPO date for Tata Technologies is yet to be announced, but the company plans to list its shares on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). The face value of each share is ₹2, and the total issue size is 95,708,984 shares, aggregating up to ₹[.] crore. The IPO consists of an offer for sale of the same number of shares by the selling shareholders.
Reserved for all investor categories, the QIB (Qualified Institutional Buyers) portion will not exceed 50% of the net issue, while the NII (Non-Institutional Investors) portion will be a minimum of 15% of the net issue. The retail portion will also be a minimum of 35% of the net issue.
Financial Performance and Objectives
Tata Technologies has consistently shown impressive financial performance, with steady growth in total assets, revenue, profit after tax, and net worth over the years. As of December 2022, the company's total assets stood at ₹4,640.68 crore, with a revenue of ₹3,052.30 crore and a net profit of ₹407.47 crore.
The primary objectives of the IPO are to achieve the benefits of listing the equity shares on the stock exchanges and to facilitate the offer for sale of shares by the selling shareholders.
How to Check Tata Technologies IPO Allotment Status
Investors can easily check their allotment status for the Tata Technologies IPO online. Two reliable methods to do so are:
1. BSE Website:
- Visit the BSE website at https://www.bseindia.com/investors/appli_check.aspx.
- Select 'Equity' as the issue type.
- Choose 'Tata Technologies' from the list of available issues.
- Enter your Application Number or PAN.
- Complete the security verification process.
- Click the 'Search' button to view your allotment status.
2. Registrar's Website:
- Visit the website of the IPO registrar, Link Intime, at https://linkintime.co.in/mipo/ipoallotment.html.
- Select 'Tata Technologies' from the dropdown menu.
- Provide your Application Number, PAN, or DP Client ID.
- Click the 'Search' button to access your allotment status.
Conclusion
The Tata Technologies IPO presents an exciting opportunity for investors to participate in the growth and success of a global engineering services company. With its commitment to innovation, diverse expertise, and strong financial performance, Tata Technologies is poised for a bright future in the stock market. Investors can check their allotment status using the BSE website or the registrar's website, ensuring a seamless and transparent process.
FAQs (Frequently Asked Questions) about Tata Technologies Limited IPO
1. What is the Tata Technologies IPO?
- The Tata Technologies IPO is a main-board IPO consisting of 95,708,984 equity shares with a face value of ₹2 per share. The total issue size amounts to ₹[.] crore. The IPO price range is yet to be disclosed.
2. How can Zerodha customers apply for the Tata Technologies IPO?
- Zerodha customers can apply for the Tata Technologies IPO online using the UPI (Unified Payments Interface) as the payment gateway. They need to log in to the Zerodha Console (back office), access the IPOs section under the Portfolio tab, select the Tata Technologies IPO, and fill out the IPO application form.
3. What are the available methods to apply for the Tata Technologies IPO?
- Investors can apply for the Tata Technologies IPO online using either UPI or ASBA (Applications Supported by Blocked Amount) as the payment method. ASBA applications are available through the net banking services of their respective bank accounts. UPI applications are offered by brokers who do not provide banking services. If you didn't have demat account then click one link to open demat account to apply IPO online through Angel One, Zerodha, 5Paisa, Kotak Securities.
4. When will the Tata Technologies IPO allotment be finalized?
- The basis of allotment for the Tata Technologies IPO is scheduled to be finalized on [date]. The allotted shares will then be credited to investors' demat accounts. Investors can check the IPO allotment status to know the number of shares allocated to them.
5. How can investors check the Tata Technologies IPO allotment status?
- Investors can check their Tata Technologies IPO allotment status through two avenues:
- BSE Website: Visit the BSE website at https://www.bseindia.com/investors/appli_check.aspx. Select 'Equity' as the issue type, choose 'Tata Technologies' from the list, provide the Application Number or PAN, complete the security verification, and click the 'Search' button.
- Registrar's Website: Visit the IPO registrar, Link Intime's website at https://linkintime.co.in/mipo/ipoallotment.html. Select 'Tata Technologies' from the dropdown menu, enter the Application Number, PAN, or DP Client ID, and click the 'Search' button.
Please note that the IPO allotment status may take some time to be updated after the allotment is finalized. Investors are advised to regularly check the official websites for the most accurate information.
Disclaimer: The FAQs provided above are for informational purposes only and should not be considered as financial advice. Investors should conduct their own research and consult with a financial advisor before making any investment decisions.
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