ipo convo [email protected] · Fri Nov 24 2023

why do i see 2 ipo for tata tech in dhan app. one is tata tech and the other is tata tech (share holders) what does these mean

The two IPOs for Tata Technologies that you're seeing on the Dhan app are likely different categories of the IPO.

The first one, "Tata Tech," typically refers to the traditional initial public offering (IPO) of Tata Technologies, where the company offers its shares to the public.

The second one, "Tata Tech (shareholders)," may refer to an Offer for Sale (OFS) IPO. In an OFS IPO, existing shareholders, such as promoters and investors, offer their shares for sale, and the company does not issue any new.

Therefore, "Tata Tech (shareholders)" could indicate the offering of existing shares by the shareholders of Tata Technologies.

It's essential to differentiate between the two when considering investing in the IPO, as the dynamics and implications of each type may vary.

For a comprehensive understanding and confirmation of the specific details, it's best to refer to the official IPO documents with a financial expert to ensure accurate decision-making.

Is there anything else I can help you with regarding this topic?

About the Tata Technologies IPO Tata Technologies IPO opens on 22nd November 2023 and closes for subscription on 24th November 2023. The stock of Tata Technologies Ltd has a face value of 2 per share and the price band for the book building IPO has been set in the band of 475 to 500 per share. The final price will be discovered within this band, although the band is much lower than what the markets were anticipating. Tata Technologies IPO will be purely an offer for sale (OFS), with no fresh issue component to it. The offer for sale (OFS) portion of the IPO of Tata Technologies Ltd comprises the sale of 6,08,50,278 shares (608.50 lakh shares), which at the upper price band of 500 per share will translate into an offer for sale (OFS) size of 3,042.51 crore. The OFS selling will be by the promoter shareholders of the company and the investor shareholders. Out of the 608.50 lakh shares offered in the OFS, the promoter shareholder (Tata Motors) will offer 462.75 lakh shares while the investor shareholders comprising of Alpha TC Holdings (97.17 lakh shares) and Tata Capital Growth Fund I (48.58 lakh shares), will offer the balance shares in the OFS. There are only 3 sellers in the OFS. Since there is no fresh issue component, the overall IPO of Tata Technologies Ltd will comprise of the issue and sale of 6,08,50,278 shares (608.50 lakh shares approximately), which at the upper price band of 500 per share will translate into total IPO issue size of 3,042.51 crore. Lot size is the minimum number of shares that the investor has to put in as part of the IPO application. The lot size only applies for the IPO and once it is listed then it can be even traded in multiples of 1 shares since it is a mainboard issue. Investors in the IPO can only invest in minimum lot size and in multiples thereof. In the case of Tata Technologies Ltd, the minimum lot size is 30 shares with upper band indicative value of 15,000. The entire IPO of Tata Technologies Ltd is an offer for sale (OFS), so there would be no fresh funds coming into the company as a result of this IOP. The OFS portion is being entirely offered by the promoter shareholders and the investor shareholders. The IPO will be lead managed by JM Financial, Citigroup Global Markets and BOFA Securities. Link Intime India Private Ltd will be the registrar to the issue. A brief on the anchor allocation of Tata Technologies IPO The anchor issue of Tata Technologies IPO saw a relatively strong response on 21st November 2023 with 26% of the IPO size getting absorbed by the anchors. Out of 6,08,50,278 shares (608.50 lakh shares approximately) on offer, the anchors picked up 1,58,21,071 shares (158.21 lakh shares approximately) accounting for 26% of the total IPO size. The anchor placement reporting was made to the BSE late on Tuesday, November 21st, 2023; one working day ahead of the IPO opening on Wednesday, 22nd November 2023. The IPO of Tata Technologies Ltd opens on 22nd November 2023 in the price band of 475 to 500 and will close for subscription on 24th November 2023. The entire anchor allocation was made at the upper price band of 500 per share. This includes the face value of 2 per share plus a premium of 498 per share, taking the anchor allocation price to 500 per share. Let us focus on the anchor allotment portion ahead of the Tata Technologies Ltd IPO, which saw the anchor bidding opening and also closing on 21st November 2023. Post the anchor allocation, here is how the overall allocation looked. Category of Investors Allocation of shares under IPO Employee Allocation Quota 20,28,342(3.33%) TML Shareholder Quota 60,85,027(10.00%) Anchor Allocation Shares 1,58,21,071(26.00%) QIB Shares Offered 1,05,47,384(17.33%) NII (HNI) Shares Offered 79,10,536(13.00%) Retail Shares Offered 1,84,57,918 (30.33%) Total Shares Offered 6,08,50,278 (100.00%) Here it must be noted that the 1,58,21,071 shares issued to the anchor investors on 21st November 2023, were actually reduced from the original QIB quota

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The Year 2023 has been full of surprises, and so is the upcoming move from the Tata Group. After almost 20 long years, the much-awaited initial public offering (IPO) of Tata Technologies is set to open on 22 November, 2023. About Tata Technologies Tata Technologies, incorporated in 1994, is a subsidiary of Tata Motors. It is a leading global engineering services company, one of the top performers in its industry. It offers a varied range of product development and digital solutions, streamlining the operations. The companys principal focus is on the automotive, aerospace and industrial heavy machinery industries, having a significant involvement in manufacturing-focused engineering, R&D, and more. Key Things to Know About Tata Technologies IPO Here are important things you should know about Tata Technologies IPO. Lets dive into the details- IPO Date 22 November, 2023 to 24 November, 2023 Price Band Rs 475 to Rs 500 per share Face Value Rs 2 per share Lot Size 30 Shares Total Issue Size 60,850,278 shares (aggregating up to Rs 3,042.51 Cr) Offer for Sale 60,850,278 shares of Rs 2 (aggregating up to Rs 3,042.51 Cr) Tata Technologies IPO Date The Tata Technologies IPO will open for subscription on 22nd November, 2023. It is set to close on 24th November, 2023. Listing Date Tata Technologies shares trading will start on 5 December 2023, according to the IPO schedule. Offer Details The company is aiming to raise an approximate amount of Rs 3,042.51 crores through the IPO at the upper price band. As per the companys plan, the issue will consist of an offer-for-sale by the investors and promoters. Promoter Tata Motors will offload 4.62 crore equity shares, which is worth Rs 2,314 crore in the offer-for-sale. Investors Alpha TC Holdings Pte Ltd will be selling 97.17 lakh shares worth Rs 486 crore. Tata Capital Growth Fund I will sell 49 lakh shares, which is worth Rs 243 crore. Tata Tech has reserved 20.28 lakh shares for its employees and 60.85 lakh shares for the shareholders of Tata Motors. Tata Technologies Share Price Band Tata Technologies has fixed the price band for the issue at Rs 475-500 per share. Note, at the upper price band, the companys valuation stands at Rs 20,283 crore. Lot Size For the Tata Tech IPO, the investors can bid for a minimum of 30 equity shares and multiples of 300 post that. Therefore, the minimum investment by retail investors would be Rs 14,250[(30 (Lot size) x 475 (lower price band)]. Note at the upper end, the bidding amount will increase to Rs 15,000. Company Financials As per the companys statements, Tata Technologies reported 42.8% on-year growth in consolidated net profit at Rs 624 crores for the year ended March 2023. Its revenue increased by 25.81%. Here is a brief break-up of the Financials of Tata Technologies (in Rs crores)- Financial Year Total Assets Total Revenue Profit After Tax EPS 31 March, 2020 2,572.97 2,896.96 251.57 6.20 31 March, 2021 3,572.74 2,425.74 239.17 5.89 31 March, 2022 4,218.00 3,578.38 436.99 10.77 31 March, 2023 5,201.49 4,501.93 624.04 15.38 How to Apply for Tata Tech IPO on Groww Heres how to apply for Tata Technologies IPO online on Groww- Step 1: Visit Groww's IPO Page, or if you are a Groww app user, then go to the stocks tab, scroll down to view the list of live IPOs and select Tata Technologies IPO. Step 2: After clicking on Tata Technologies IPO, you will be able to see all the important details, such as issue size, price, etc. Here, you can also read the Red Herring Prospectus (RHP) for detailed information about the issue. Next, click on Apply to proceed. Step 3: In the order card, you will see the pre-filled field for the minimum number of shares. Enter the number of shares you want to buy. Click on Continue to proceed. Step 4: Next, you will be required to verify bids and click on Submit Bid. Step 5: Upon confirming the order, the highest bid amount will be blocked in your account and cannot be used for withdrawal. Note this amount will get unblocked if you

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Tata Technologies IPO is just a few days away and the much-awaited primary offering by the Tata Groups has reservation for as many as five categories. Other than qualified institutional investors, an individual investor has the option to apply under non-institutional investors (more than Rs 2 lakh), retail investors (up to Rs 2 lakh), shareholders of Tata Motors Ltd (TML) and eligible employees of Tata Tech. Now the question arises that can one investor apply in multiple categories of Tata Technologies IPO. The simplest answer to the question is: Yes. An individual investor, if eligible, can apply in as many as three categories in the Tata Tech IPO and their bids will not be considered as multiple bids. However, not all investors fall into this criterion. An eligible employee, who also holds some shares of Tata Motors, can apply under three categories - as an employee, as a shareholder of Tata Motors and as a retail or non-institutional investor. However, employees can get an allotment of maximum shares worth Rs 5,00,000, as mentioned in the RHP of the company. An eligible employee bidding in the employee reservation portion can also bid in the TML shareholders reservation portion and also in the non-institutional portion or the retail portion and such bids will not be treated as multiple bids, said the RHP of Tata Technologies. Similarly, a shareholder of Tata Motors (TML) can bid under two categories, namely TML shareholders and non-institutional portion or retail quota. However, an individual can not apply under both a non-institutional quota or retail portion during the bidding process. "Eligible TML shareholders bidding in the TML shareholders reservation portion can Bid up to a maximum bid amount of Rs 200,000. Further, eligible TML shareholders bidding in the TML shareholders reservation Portion can also bid in the employee reservation portion and also in the non-institutional portion or the retail portion, and such bids will not be treated as multiple bids," added the RHP. Tata Technologies has reserved up to 2,028,342 equity shares, or 0.50 per cent of its post offer paid-up equity share capital, for its eligible employees; while up to 60,85,027 equity shares, 10 per cent of its post offer paid-up equity share capital, have been reserved for the eligible shareholders of Tata Motors Ltd. Tata Technologies IPO will open for subscription on Wednesday, November 22 and can be bid till Friday, November 23. The company is selling 6,08,50,278 equity shares, via offer-for-sale (OFS) route, to raise a total of Rs 3,042.51 crore. The price band has been fixed at Rs 475-500 apiece with a lot size of 30 equity shares.Tata Technologies (Tata Tech) is a leading global engineering services company that offers product development and digital solutions to global OEMs and their tier-1 suppliers. The companys offerings focus on manufacturing-led verticals automotive, aerospace, and transportation and construction heavy machinery, said Emkay Global.Its areas of expertise include product engineering and manufacturing engineering in the mechanical domain (such as body engineering), while it is adding capabilities in the software and embedded engineering segments.Tata Techs growth trajectory over FY16-23 remains slower than peers, but has seen improvement in the last three years because of traction in select accounts. Weakness in a large client in H1FY24 due to near completion of the large full-vehicle development projects may weigh on the companys near-term performance which, is adequately captured in the IPO valuations, Emkay said.

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