 "Tata Technologies IPO: Read to know everything about the company, listing")
Tata Motors' subsidiary Tata Technologies, is one of the most awaited IPOs on Dalal Street. The company filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on March 9.
The Tata Motors subsidiary offers four core services that are Engineering, Research and Development (ER&D), digital enterprise services, education offerings, and product and value-added reselling.
Tata Technologies' ER&D offers engineering services to automakers, its digital enterprise services provide services like Artificial Intelligence, data analytics, machine learning and others.
Tata Technologies, a subsidiary of Tata Motors, is an engineering services company that offers product development and turnkey solutions to global original equipment manufacturers (OEMs) and their tier-1 suppliers.
Tata Technologies also offer services like product development and turnkey solutions to global original equipment manufacturers (OEMs) and their tier-1 suppliers.
Tata Technologies IPO details
Tata Technologies IPO is going to be a complete offer for sale (OFS), its existing shareholders, which include Tata Motors, Alpha TC Holdings Pte and Tata Capital Growth Fund-I will offload their stake in the company.
The Tata Motors IPO consists of 9.57 crore shares with a face value of Rs 2 each. The promoter, Tata Motors will sell up to 8.11 crore shares. The other shareholders, like Alpha TC Holdings Pte plans, and Tata Capital Growth, will also sell up to 97.16 lakh shares and 48.58 lakh shares, respectively.
According to DRHP, the weighted average cost of acquisition per equity share by Tata Motors is Rs 7.40 per share, for Alpha TC Holdings Pte. Ltd is Rs 25.10 per share, and for Tata Capital Growth Fund I is Rs 25.10.
The IPO size and the issue price is not disclosed yet.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%