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 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.