Tata Technologies IPO Allotment status / Date of Tata Technologies' IPO, Analysis, Cost, and Allotment Information

Information about the Tata Technologies IPO: The IPO is scheduled to begin on November 22 and end on November 24. With its IPO, Tata Technologies hopes to raise approximately ₹3043 crores. Up to 60,850,278 equity shares at a price of ₹2 apiece would be offered for sale. There are four different quotas: 10% for shareholders, 15% for HNI, 50% for QIB, and 35% for retail.

The first Tata Group IPO since 2004 will be the Tata Motors subsidiary Tata Technologies' initial public offering (IPO). According to the available information, Tata Technologies is 74.69% owned by Tata Motors, 7.26% by Alpha TC Holdings Pte, and 3.63% by Tata Capital Growth Fund I.

Within the Tata Group of Companies, Tata Technologies Limited offers services in the areas of manufacturing, product development, product lifecycle management, engineering and design, and IT service management. They serve original equipment manufacturers and their suppliers in the automotive and aerospace sectors. They operate in the Asia-Pacific region, Europe, the Middle East, and North America.

According to Fortune India's Infotech Industry rating, Tata Technologies is the fifteenth-largest IT company. With over 11,000 workers in 25 countries and about 4,000 experts globally, they are an international business. Regional offices are located throughout the USA, but the company's headquarters are in Pune. Tata Technologies is a division of the Tata Group, which has been named by renowned worldwide brand valuation firm Brand Finance as the most valuable brand in India (Source: Brand Finance India 100 2022 study). Being a division of Tata Motors Limited ("TML"), they gain from having established ties with JLR and TML. Our long-standing relationships with TML and JLR, together known as their "Anchor Clients," have made it possible to develop the skills and capacities that have helped us pursue 

Tata Technologies Date of Eligibility for Quota Shareholders:

On November 13, 2023, Tata Technologies will become eligible for the Shareholders Quota. The shareholder may be eligible to participate in the shareholder quota of the Tata Technologies IPO if, as of November 13, 2023, they have shares of Tata Motors in their demat account.

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Date of Tata Technologies' IPO and Price Range Information:

IPO Open:	November 22, 2023
IPO Close:	November 24, 2023
IPO Size:	Approx ₹3,042.51 Crores
Offer for Sale:	Approx 60,850,278 Equity Shares
Face Value:	₹2 Per Equity Share
IPO Price Band:	₹475 to ₹500 Per Share
IPO Listing on:	BSE & NSE
Retail Quota:	35%
QIB Quota:	50%
NII Quota:	15%
Shareholders Quote:	10%
Eligibility date for SH Quota:	November 13, 2023

Lot in the Tata Technologies IPO Market

With a ₹15,000 application fee, the minimum market lot for the Tata Technologies IPO is 30 shares. Retail investors may submit applications for up to 13 lots totaling 390 shares, or ₹195,000.

Application	Lot Size	Shares	Amount
Retail Minimum	1	30	₹15,000
Retail Maximum	13	390	₹195,000
S-HNI Minimum	14	420	₹210,000
B-HNI Minimum	67	2010	₹10,05,000

Dates of Tata Technologies' IPO Allotment and Listing

November 22 is the date of the Tata Technologies IPO, and November 24 is the closing date. On November 30, the Tata Technologies IPO allotment will be finalized, and on December 5, the IPO listing will take place.

Anchor Investors Allotment:	November 21, 2023
IPO Open Date:	November 22, 2023
IPO Close Date:	November 24, 2023
Basis of Allotment:	November 30, 2023
Refunds:	December 1, 2023
Credit to Demat Account:	December 4, 2023
Tata Technologies IPO Listing Date:	December 5, 2023