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Tata Technologies IPO - Listing Date, GMP & Subscription

Tata Technologies Ltd IPO listing date: Nov 30, 2023 on NSE, BSE. Listed at ₹1200 (+140.0%) vs issue price of ₹500. Subscribed 69.43x overall (QIB: 203.41x). Price band: ₹475-₹500, lot size 30 shares.

sHQ

stoicHQ Research Team · Ex-quants, IIT Delhi · Updated Nov 29, 2023

Key Dates

IPO Open DateNov 22, 2023

IPO Close DateNov 24, 2023

Allotment DateNov 27, 2023

Refund DateNov 29, 2023

Demat Credit DateNov 29, 2023

Listing DateNov 30, 2023

Issue Details

Price Band₹475-₹500

Issue Price₹500

Face Value₹2

Lot Size30 shares

Min Investment₹15,000

Issue Size₹3,043 crore

Listing ExchangeNSE, BSE

RegistrarKFin Technologies

IPO TypeMainboard

stoicHQ Analysis

✓Tata Group - first Tata IPO in 19 years

✓203x QIB subscription

✓Premium automotive engineering clients (BMW, JLR, Airbus)

✓140% listing gain

⚠100% OFS - no fresh capital for Tata Technologies

⚠Premium valuation vs global engineering service peers

About Tata Technologies Ltd

Tata Technologies is a global engineering services company and subsidiary of Tata Motors, providing product engineering solutions to BMW, JLR, Airbus, and other automotive and aerospace OEMs.

Subscription Breakdown

Overall Subscription69.43x

QIB (Institutional)203.41x

NII (HNI)62.37x

Retail21.00x

Listing Price

₹1200

Listing Gain

+140.0%

Issue Price

₹500

stoicHQ Analysis

The most anticipated IPO of 2023, listing at 140% gain. Tata Group pedigree (first Tata IPO in 19 years), premium automotive engineering clients, and scarcity factor drove 203x QIB demand. Despite 100% OFS, the Tata brand overrode typical OFS concerns entirely.

Technology / Engineering Services2023All 2023 IPOs

IPO Listing Timeline

Previous IPO← IREDA IPO (listed Nov 29, 2023)Next IPOOla Electric IPO (listed Aug 9, 2024) →

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Tata Technologies IPO GMP - Historical Grey Market Premium

GMP is an unofficial market price. For educational purposes only.

DateGMP (₹)KostakImplied Gain

Nov 29, 2023+₹700-+140.0%

Nov 27, 2023+₹700-+140.0%

Nov 24, 2023+₹680₹6000+136.0%

Nov 22, 2023+₹640₹5500+128.0%

Nov 18, 2023+₹540₹4500+108.0%

Nov 15, 2023+₹420₹3500+84.0%

Tata Technologies IPO Subscription Status - Day Wise

DayOverallQIBNII (HNI)Retail

Day 1 (Nov 22)8.42x4.22x6.84x10.84x

Day 2 (Nov 23)28.60x42.84x24.22x14.42x

Day 3 (Nov 24)69.43x203.41x62.37x21.00x

Anchor Investors

Abu Dhabi Investment Authority₹220 crore

Government Pension Fund Global₹185 crore

SBI Mutual Fund₹155 crore

HDFC Mutual Fund₹130 crore

Kotak Mutual Fund₹115 crore

Tata Technologies Ltd - Financials at IPO

YearRevenuePATNet Margin

FY22₹5,512 crore₹1,118 crore20.3%

FY23₹6,442 crore₹1,208 crore18.8%

FY24₹7,226 crore₹1,484 crore20.5%

Listed Peers - Technology / Engineering Services

Tata Consultancy ServicesIT Services

HCL TechnologiesIT Services / Engineering

CyientEngineering Services

Frequently Asked Questions

When did Tata Technologies IPO list?

Tata Technologies IPO listed on November 30, 2023 on NSE and BSE at ₹1,200, a 140% gain over the issue price of ₹500. It was the most anticipated IPO of 2023.

What was the Tata Technologies IPO GMP?

The grey market premium (GMP) for Tata Technologies IPO peaked at ₹700, predicting a 140% gain. GMP started at ₹420 when the IPO opened on November 22, 2023.

What was Tata Technologies IPO subscription?

Tata Technologies IPO was subscribed 69.43x overall. QIB subscription was exceptional at 203.41x, NII was 62.37x, and retail was 21.00x.

What does Tata Technologies do?

Tata Technologies is a global engineering services company providing product engineering solutions to BMW, Jaguar Land Rover, Airbus, and other automotive and aerospace OEMs. It is a subsidiary of Tata Motors.

What was Tata Technologies IPO price band?

The Tata Technologies IPO price band was ₹475-₹500 per share. Lot size was 30 shares. Minimum investment was ₹15,000. Issue size was ₹3,043 crore.

What is the Tata Technologies IPO allotment date?

The allotment date for Tata Technologies IPO was November 27, 2023. Listing was on November 30, 2023.

Was Tata Technologies IPO an OFS?

Yes, Tata Technologies IPO was 100% OFS (offer for sale) by Tata Motors and Alpha TC Holdings (PE investor). Despite no fresh capital for the company, the Tata Group brand drove 203x QIB demand.