Tata Technologies Limited IPO: Engineering Excellence on the Rise

 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.

ideaForge Technology IPO Allotment: A Guide to Checking Allotment Status Online

Introduction

ideaForge Technology, a prominent drone maker, recently concluded its highly anticipated initial public offering (IPO) with overwhelming demand from investors. The company has announced that the allotment of IPO shares will be finalized on July 5, 2023. This article aims to guide investors on how to check the ideaForge Technology IPO allotment status online.

Robust Demand for ideaForge Technology IPO

The ideaForge Technology IPO, valued at ₹567 crore, witnessed tremendous response across all investor categories. The subscription period, which ran from June 26 to June 30, received bids for a staggering 106.06 times the shares on offer. The retail category saw a subscription of 85.20 times, while Qualified Institutional Buyers' (QIB) category was oversubscribed by an impressive 125.81 times. Non-Institutional Investors (NII) portion recorded a subscription of 80.58 times by June 30, 2023.

Allotment and Listing Dates

The ideaForge IPO allotment date is expected to take place on Wednesday, July 5, 2023. The IPO listing date is scheduled for July 10, 2023, when the shares will be available for trading on the stock exchanges.

Checking ideaForge Technology IPO Allotment Status

Investors can conveniently check their allotment status for the ideaForge Technology IPO online. There are two primary methods to do so:

Method 1: Checking Allotment Status on BSE Website

1. Visit the BSE website at https://www.bseindia.com/investors/appli_check.aspx.

2. Select 'Equity' in the issue type.

3. Choose 'ideaForge Technology' from the list of available issues.

4. Enter your Application Number or PAN (Permanent Account Number).

5. Complete the security verification process by clicking on the 'I'm not a robot' checkbox.

6. Click the 'Search' button.

Your ideaForge Technology IPO allotment status will be displayed on the screen.

Method 2: Checking Allotment Status on the Registrar's Website

1. Visit the website of the registrar to the issue, Link Intime, at https://linkintime.co.in/mipo/ipoallotment.html.

2. Select 'ideaForge Technology' from the dropdown menu.

3. Choose one of the following options: Application Number, PAN, or DP Client ID.

4. Click the 'Search' button.

The ideaForge Technology IPO allotment status will be visible on the webpage.

Conclusion

Investors who participated in the ideaForge Technology IPO can easily check their allotment status online. The BSE website and the registrar's website, Link Intime, provide simple and user-friendly platforms to access the allotment information. By following the steps outlined in this article, investors can stay updated on their ideaForge Technology IPO allotment status.

Senco Gold Limited IPO Details

Introduction:

Senco Gold Limited, a pan-India jewelry retailer operating under the brand name "Senco Gold & Diamonds," is set to launch its initial public offering (IPO). With a diverse range of jewelry offerings and a strong presence in the market, Senco Gold presents an attractive investment opportunity. In this blog, we will explore the details of the Senco Gold IPO and provide an overview of the company's prospects.

About Senco Gold Limited:

Established in 1994, Senco Gold Limited is a renowned jewelry retailer in India. The company primarily deals in gold and diamond jewelry, along with jewelry made from silver, platinum, precious and semi-precious stones, and other metals. Senco Gold offers a wide variety of handcrafted jewelry designs, with over 108,000 designs for gold jewelry and more than 46,000 designs for diamond jewelry. These designs are created in-house by a team of 20 designers and manufactured in collaboration with skilled craftsmen in Kolkata and across the country.

Senco Gold caters to different customer segments through various brands and collections. Their Everlite brand focuses on lightweight jewelry, Gossip offers silver and fashion jewelry, and Aham collection provides jewelry for men. The company also has D'Signia Showrooms and Vivaha collection, targeting customers seeking premium designer jewelry and a more premium retail experience.

As of March 31, 2023, Senco Gold operates over 136 showrooms spread across 99 cities and towns in 13 states of India. The company's showrooms cover a total area of approximately 409,882 square feet.

Senco Gold IPO Details:

- IPO Date: Jul 4, 2023, to Jul 6, 2023

- Listing Date: To be announced

- Face Value: ₹10 per share

- Price Range: ₹301 to ₹317 per share

- Lot Size: 47 shares

- Total Issue Size: To be announced (aggregating up to ₹405.00 Cr)

- Fresh Issue: To be announced (aggregating up to ₹270.00 Cr)

- Offer for Sale: To be announced (aggregating up to ₹135.00 Cr)

- Issue Type: Book Built Issue IPO

- Listing Platforms: BSE, NSE

Senco Gold IPO Reservation:

- QIB Shares Offered: Not more than 50.00% of the Net offer

- NII (HNI) Shares Offered: Not less than 15.00% of the Offer

- Retail Shares Offered: Not less than 35.00% of the Offer

Senco Gold IPO Timetable (Tentative):

- Opening Date: Tuesday, 4 July 2023

- Closing Date: Thursday, 6 July 2023

- Basis of Allotment: Tuesday, 11 July 2023

- Initiation of Refunds: Wednesday, 12 July 2023

- Credit of Shares to Demat: Thursday, 13 July 2023

- Listing Date: Friday, 14 July 2023

- Cut-off time for UPI mandate confirmation: 5 PM on Jul 6, 2023

Senco Gold IPO Lot Size:

The lot size for the Senco Gold IPO is 47 shares.

- Retail (Min): 1 lot (47 shares) - ₹14,899

- Retail (Max): 13 lots (611 shares) - ₹193,687

- S-HNI (Min): 14 lots (658 shares) - ₹208,586

- S-HNI (Max): 67 lots (3,149 shares) - ₹998,233

- B-HNI (Min): 68 lots (3,196 shares) - ₹1,013,132

Senco Gold IPO Promoter Holding:

The promoters of Senco Gold Limited are Mr. Suvankar Sen, Jai Hanuman Shri Siddhivinayak Trust, and Om Gaan Ganpataye Bajrangbali Trust.

- Pre-Issue Share Holding: 76.92%

- Post-Issue Share Holding: 68.48%

Financial Performance and Key Performance Indicators:

Senco Gold has shown consistent growth in its financial performance over the years, reflecting its strong market position and customer demand. Here are some key financial indicators:

- Total Assets (Mar 2023): ₹2,905.32 Crore

- Total Revenue (Mar 2023): ₹4,108.54 Crore

- Profit After Tax (Mar 2023): ₹158.48 Crore

- Net Worth (Mar 2023): ₹944.97 Crore

- P/E (x): 15.53

- Market Cap (₹ Cr.): 2462

- ROE: 18.9%

- ROCE: 14.2%

- EPS (Rs): 22.93

Objects of the Issue:

The net proceeds from the IPO will be utilized for the following purposes:

- Funding working capital requirements of the company

- General corporate purposes

Senco Gold IPO Review and Subscription Status:

Investors may consider investing in the Senco Gold IPO with a medium to long-term perspective. The company's extensive product portfolio and strong financial performance make it an attractive proposition.

Conclusion:

Senco Gold Limited, a leading jewelry retailer in India, is all set to launch its IPO. With a wide range of jewelry offerings, a strong market presence, and consistent financial growth, Senco Gold presents an appealing investment opportunity. Investors looking to participate in the jewelry retail sector may consider evaluating the prospects of Senco Gold and make informed investment decisions. As always, it is advisable to consult with financial advisors or professionals before making any investment.

*Disclaimer: This blog is for informational purposes only and should not be considered as financial advice. Investors are encouraged to conduct their own research and consult with professionals before making investment decisions.*