Tata Technologies' IPO

Rs 475-500/Share, Aims To Raise Rs 3,042.51 Cr

Price Band

Tata Tech's IPO priced at Rs 475-500, the first Tata Group IPO in two decades

Financial Target

Aiming to raise Rs 3,042.51 crore, entirely through an offer-for-sale

Offering Composition

Tata Motors, Alpha TC Holdings, and Tata Capital Growth Fund in the offer-for-sale

Financial Performance

Robust fiscal results with a 42.8% YoY net profit growth and 25% revenue increase

Recent Performance

H1 FY24 sees a 36% profit surge to Rs 351.9 crore and a 34% revenue increase to Rs 2,526.7 crore

Market Participation

IPO opens Nov 22, closes Nov 24; anchor book on Nov 21. JM Financial, Citigroup, and BofA Securities are the appointed bankers