Tata Technologies IPO: The IPO to Watch in August 2023

Tata Technologies, a subsidiary of Tata Motors, is all set to launch its IPO in August 2023. The company is offering a pure OFS of up to 95.71 million shares, which will represent 23.6% of its paid-up share capital.

Tata Technologies is a global engineering and design company that provides services to the automotive and aerospace industries. The company has a strong track record of growth, with revenue and profit growing at a CAGR of 15% and 20% respectively over the past five years.

Know more about TATA Technologies IPO.

The IPO is expected to be well-received by investors, given the company's strong fundamentals and growth prospects. The grey market premium (GMP) for the IPO is currently around ₹105, which indicates that investors are bullish on the stock.

Here are some key things to know about the Tata Technologies IPO:

• The IPO is expected to be priced in the range of ₹260-270 per share.

• The issue will open on August 22, 2023, and close on August 24, 2023.

• The shares are expected to list on the BSE and NSE on August 29, 2023.

If you are considering investing in the Tata Technologies IPO, here are some factors to keep in mind:

• The company's financial performance has been strong, with revenue and profit growing at a CAGR of 15% and 20% respectively over the past five years.

• The company has a strong order book and visibility of future growth.

• The company is well-positioned to benefit from the growth of the automotive and aerospace industries.

• The IPO is expected to be well-received by investors, given the strong demand for new listings in India.

However, there are also some risks associated with investing in the Tata Technologies IPO. These include:

• The company is facing increasing competition from global players.

• The company's margins could be squeezed due to rising input costs.

• The company's stock price could be volatile in the short term after the IPO.

Overall, the Tata Technologies IPO is a good opportunity to invest in a growing company with strong fundamentals. However, investors should carefully consider the risks before investing.

Apply TATA Technologies IPO Now