7 Things to Know About Tata Technologies IPO

Published : 3 Apr 2023

1.       Tata Technologies is a global engineering services company offering product development and digital solutions, including turnkey solutions, to global OEMs

2.       It caters to the industries like automotive, and aerospace OEMs and its suppliers.

3.       It is active in the countries like North America, Europe, the Middle East, and the Asia Pacific.

4.       The IPO consists of a pure offer for sale (OFS) of up to 95.71 million shares, with Tata Motors offering up to 81.13 million shares (74.69%), Alpha TC Holdings Pte offering up to 9.72 million shares(7.26%), and Tata Capital Growth Fund I offering up to 4.86 million shares(3.63%)

5.       The issue will be led managed by JM Financial, Bank of America (BOFA) Securities and Citigroup Global Markets acting as the book running lead managers (BRLMs) to the issue

6.       Peer group includes players namely KPIT Technologies Limited, L&T Technology Services Limited and Tata Elxsi Limited

7.       The company is promoted by Tata Motors Ltd