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Tata Technologies IPO: An Investment Opportunity

Tata Technologies, a renowned subsidiary of Tata Motors, is ready to make a grand entry into the stock market with its Initial Public Offering (IPO) slated for November 22, 2023. Here's a detailed insight into what this IPO brings to the table:

Key IPO Details:

*IPO Opening & Closing Dates*: Mark your calendars! The IPO subscription window opens on November 22, 2023, and will stay open until November 24, 2023

*Price Range*: The shares are priced attractively between ₹475 and ₹500 per equity share, making it accessible to a wide range of investors.

*Lot Size & Investment Threshold*: For retail investors, the minimum lot size is set at 30 shares, requiring an investment of at least ₹15,000. There are also specified lot sizes for other investor categories like NIIs.

*Offer Composition*: This IPO is an Offer for Sale (OFS) of up to 95.71 million shares. Tata Motors is offering up to 81.13 million shares, accumulating a total issue size of about ₹3,042.51 Crores.

*Investor Quotas*: The IPO has designated share reservations: a maximum of 50% for QIBs, a minimum of 35% for retail investors, and at least 15% for NIIs.

IPO Timeline:

*Allotment & Refunds*: The allotment of shares is expected to be finalized by November 30, 2023, followed by the initiation of refunds on December 1, 2023.
*Share Credit & Listing Date*: The shares are scheduled to be credited to Demat accounts by December 4, 2023, with a tentative listing on the BSE and NSE planned for December 5, 2023.

Company Overview:

*Profile*: Founded in 1994, Tata Technologies stands as a global leader in engineering services, notably in product development and digital solutions, primarily serving the automotive industry along with sectors like aerospace and heavy construction machinery.

*Financial Health*: The company has demonstrated impressive growth, with a 25.81% increase in revenue and a 42.8% rise in PAT between the fiscal years ending March 31, 2023, and March 31, 2022.

Investment Prospects:

This IPO offers a chance to invest in a company with a solid global presence and a robust growth curve. Whether you're a seasoned investor or new to the stock market, Tata Technologies' IPO represents a unique opportunity to be part of a leading engineering services company with a promising future.

Disclaimer: Investment in IPOs involves risks. Please consult your financial advisor before making any investment decisions.