23th June, 2023

Tata Technologies, a prominent engineering and product development company, is all set to go public with its Initial Public Offering (IPO). This IPO marks a significant milestone in the company's journey, as it transitions from a privately held entity to a publicly traded company. Investors and market observers are eagerly awaiting the IPO, which is expected to generate substantial interest and potentially reshape the landscape of the Indian stock market.

Tata Technologies has established itself as a leading player in the engineering and product development space. With a focus on innovation, digital solutions, and sustainability, the company has garnered a strong reputation for its cutting-edge capabilities and industry expertise. By collaborating with global clients across various sectors, Tata Technologies has consistently delivered value and helped drive innovation in the automotive, aerospace, and industrial machinery domains.

·       Tata Technologies is set to go public with its IPO and stock market experts predict a price of around ₹268 per equity share.

·     The DRHP of the company reveals that Tata Technologies will offload up to 9.571 crore shares or 23.60 paid-up share capital of the company.

·       The IPO's launch date is yet to be declared, but grey market shares of Tata Technologies are currently available for ₹850 apiece.

·   The market capitalization of Tata Technologies may come around ₹10,852 crore if we compare its EPS with the current EPS of Cyient, according to stock market experts.

·       Investors are busy calculating the valuations and expected IPO price of Tata Technologies.

·      The senior research analyst at Bonanza Portfolio has valued Tata Technologies at a 10% discount to the multiple assigned to Cyient at 21.2x TTM EPS to arrive at an intrinsic value of ₹268 per share, resulting in a market capitalization of ₹10,852 crore.

·       The grey market is highly bullish on the Tata Technologies IPO, with the possible grey market premium (GMP) today being ₹582 per share.

·       The IPO is expected to be beneficial for Tata Motors.

The IPO will be managed by Axis Capital, JM Financial, Kotak Mahindra Capital, and Citi Group. The company has not yet announced the exact dates of the IPO, but it is expected to take place in the coming months. 

Tata Technology's financial performance has been strong, with a revenue growth of 10.8% and a profit margin of 10.3% in the fiscal year 2020-21. The company's focus on innovation, digital solutions, and sustainability has helped it win several industry awards and recognition.

Tata Technology's IPO is a significant event for the company and the Indian stock market. The IPO is expected to be one of the biggest IPOs in India, and the funds raised through the IPO will help the company finance its growth plans and investments in technology and digital solutions. The IPO presents an exciting opportunity for investors to invest in a leading engineering and product development company that has a strong brand reputation and financial performance.

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