Tata Technologies IPO: Issue Size, Price, And Other Details

After SEBI approval, Tata Technologies is all set to launch an IPO, expected this month.

Research Analyst at Bonanza Portfolio’s words

“It is estimated that the Indian engineering service providers (ESP) market will experience a growth rate of 13–16 percent CAGR," said Kamtekar.

Justification 

• The offering will include an offer for sale of 9.57 crore equity shares of face value per share of INR 2, with shares being available for trading on NSE & BSE.

• The IPO, being classified as book built issue, indicates that the price of the IPO will be based on investor demand.

• The IPO has certain reservations, which include a reservation for  - 

  • Qualified Institutional Buyers - up to 50% of the net issue

  • Non-Institutional Investors (including high-worth Individuals)- min 15% of the net issue

  • Retail Investors - min 35% of the net issue

• Tata Technologies is one of the key players in providing outsourced engineering and digital transformation services to manufacturing clients globally.