Tata Technologies IPO – Price band to risk factors, all you need to know

Nov 21, 2023

By: Sourabh Jain

Tata Technologies IPO

The Tata Technologies initial public offering (IPO) opens from Wednesday, November 22. This is the first IPO from the house of Tatas in 19 years.

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IPO dates

The Tata Technologies IPO will open on November 22 and close on November 24.

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Price band

Tata Technologies has fixed a price band of ₹475-₹500 per share for its public issue.

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IPO size

Tata Technologies is looking to raise ₹3,042 crore from the current IPO. This is a complete offer for sale (OFS) by the promoter Tata Motors and other investors such as Alpha TC Holdings and Tata Capital Growth Fund I.

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Lot size

Investors can bid for a minimum of 30 shares and in multiples of 30 shares thereafter.

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Current operations

The company’s clients include Tata Motors, Jaguar Land Rover and other electric vehicle companies. It also re-sells third-party software applications.

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The company’s income was ₹4,414 crore in FY23, up from ₹3,529 crore in FY22. The company reported a net profit of ₹624 crore in FY23, up from ₹436.9 crore in FY22.

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Risk factors

The company said that it derives a material portion of revenues from its top five clients, which include its anchor clients. Any deterioration of their business may have material adverse effects on its business.

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Business risks

The company competes with its group companies like Tata Consultancy Services and Tata Elxsi. The company’s recent expansion of its education business, liability to damages for clients on account of system failures, changes in tax holidays to SEZs and licensing agreements with Tata Sons are some of the business risks.

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