Tata Technologies IPO to open for subscription on this date

Tata Technologies, a leading provider of engineering and digital product development services, has announced its upcoming initial public offering (IPO), set to open for public subscription on November 22, 2023. The IPO is poised to offer up to 60,850,278 shares for cash, accounting for 15% of Tata Technologies’ paid-up equity share capital.

tata technologies ipo
tata technologies ipo


In a regulatory filing on Monday, Tata Motors, the parent company of Tata Technologies, disclosed that the company filed the Red Herring Prospectus (RHP) with the Registrar of Companies, Maharashtra, on November 13, 2023.

As part of the IPO process, Tata Motors intends to divest 11.4% of its stake, while Alpha TC Holdings, a private equity firm, plans to sell 2.4% of its stake, and Tata Capital Growth Fund I aims to relinquish 1.2% of its shareholding.

The IPO subscription window is scheduled to open on November 22 and conclude on November 24, 2023, according to Tata Motors’ announcement.

Previously, Tata Motors had disclosed its agreement to sell a 9.9% stake in Tata Technologies to TPG Rise Climate for ₹1,613.7 crore in the preceding month.

Tata Motors’ shares closed nearly unchanged at ₹653.10 apiece on the BSE (Bombay Stock Exchange) on Monday.

This anticipated IPO is expected to attract significant market attention due to Tata Technologies’ standing as a key player in engineering and digital services, reflecting the company’s strategic growth plans and market positioning.

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