Tata Technologies IPO: Expected price, GMP, other details and benefits for TAMO

During this, Tata Technologies IPO Shares of Tata Technologies Limited have made their debut in the gray market as 850 per share in the unlisted stock market. This means that the gray market is highly bullish on Tata Technologies IPO and the potential Tata Technologies IPO GMP (grey market premium) is tremendous today. 582 per share.

tata technologies ipo price and valuation

Speaking on Tata Technologies IPO details, Rajesh Sinha, Senior Research Analyst, Bonanza Portfolio said, “Tata Technologies has reported TTM revenue. 3,983 crore and net profit of TTM 513 crores, resulting in a TTM EPS of 12.65. If we want to compare Tata Technologies, we can compare Infotech EnterprisesAs Cyient is mostly in same business and TTM revenue 6,016 crores. Currently, Cyient is trading at 23.5x TTM EPS 46.52. We value Tata Technologies at 21.2x TTM EPS at a 10 per cent discount to the assigned multiple at 21.2x TTM EPS. 268 per share. which results Market capitalization of Tata Technologies 10,852 crores.”

Tata Technologies IPO GMP today

According to primary market observers, the stock of Tata Technologies Ltd. is trading at 850 per share in the unlisted stock market. As expected Tata Technologies IPO will be priced around 268 per share, it means Tata Technologies IPO GMP today 582 ( 850 – 268) per share. Market observers further said that the gray market is highly bullish on Tata Technologies IPO and is expecting that an investor can expect to double their money on the listing date of this upcoming IPO.

Talking about how Tata Technologies IPO will benefit Tata Motors, Avinash Gorakhkar, Head of Research, Profitmart Securities said, “The Tata Technologies IPO is completely offer for sale Or OFS, which means the amount raised from the public issue will go to the promoters. As Tata Motors is one of the promoters who will be selling their stake in Tata Technologies from the upcoming IPO, the money will come in handy Net Income for Tata Motors.”

Avinash Gorakshkar further said that Tata Motors acquired the shares of Tata Technologies 7.40 Each level means that Tata Motors will get huge returns on its investment in Tata Technologies. He advised stock market investors to buy Tata Motors Shares The Tata Technologies IPO launch as a public issue will benefit Tata Motors’ financials ahead of the launch.

Tata Technologies IPO Details

Tata Technologies is a leading global engineering services company providing product development and digital solutions, including turnkey solutions, to global Original Equipment Manufacturers (OEMs) and their Tier-I suppliers. Its Services business provides outsourced engineering services and digital transformation services to global manufacturing customers, helping them create, design, develop and deliver better products. While it has a technology solutions business, it also resells third-party software applications, primarily product lifecycle management (PLM) software and solutions, and provides value-added services such as consulting, implementation, systems integration and support. The company is a strategic supplier to aircraft manufacturer Airbus SA and is heavily linked to the Tata Group, Jaguar Land Rover and Tata Motors.

Tata Technologies has filed DRHP with SEBI for its IPO on 9 March 2023. It plans to sell 9.571 crore shares, which is about 23.6% of its paid-up share capital, through offer for sale. The IPO is an offer for sale by its existing shareholders including Tata Motors, Alpha TC Holdings Pte and Tata Capital Growth Fund-I. Tata Motors currently holds 74.69% stake in the company, while Alpha TC Holdings Pte and Tata Capital Growth Fund-I hold 7.26% and 3.63%, respectively.

Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint. We advise investors to do due diligence with certified experts before making any investment decision.