Tata Technologies IPO is coming in Indian Primary Market on 22 November 2023. Whatever be the company of Tata Group, all the investors have interest in investing in it. Let us tell you whether long term and short term investors should invest money in Tata Technologies IPO or not?
Tata Technologies IPO Price Band & Details:
The price band of Tata Technologies Company's IPO has been kept at Rs 475 and Rs 500 per share. This IPO will remain open till 24 November 2023. This company of Tata Group has acquired Rs 3,042 out of the primary market. Have made up my mind to raise crores of rupees. Let us tell you that this will be a complete offer for sale in which the company's shareholders and big investors will sell their shares publicly.
What is the Gray market price of Tata Technologies IPO?
The gray market price of Tata Technologies IPO is running at Rs 351 per share.
In such a situation, Tata Technologies IPO is expected to be listed at a premium price of 70%. But always remember that gray market premium keeps increasing and decreasing before listing and it is not necessary that investors get 70% premium on the IPO listing day.
What will be the lot size of Tata Technologies IPO?
The lot size of Tata Technologies IPO will be 30 shares per lot.
Retail investors need to invest Rs 15,000 to apply for one lot.
Allotment date of Tata Technologies IPO will be most likely on 27th Nov 2023 & listing date of Tata Technologies IPO will be 29th November 2023.
Should you subscribe Tata technologies IPO?
IF we will check the fundamental of the company as per the
draft then there is gradual recovery in
the world economy, rising manufacturing capex & also there is a shift in manufacturing
from the countries like US,Europe,China to growing country like India due to
cost inflation, we are expecting strong in the Tat technologies company annual financial performance in the next few years. After analysing the growth of the company is valued at P/E of 27.9
(aprox).
Tata Technologies Limited is offering wide range of services of encompassing IT consultancy, SAP implementation, and CAD/CAM engineering & design consultancy.
Company is generating 80% revenues from services & more than 10% from their products . Company is also generating revenues from education i.e nearly 9%. Tata technologies company has strong business partnerships with companies like Dassault & Siemens& Recent empanelment by Airbus signals significant growth potential. The company's revenue and PAT demonstrated a CAGR of nearly 37% & 61%, respectively, from FY21 to FY23. In H1FY24.. Tata Technologies is giving big competition to Tata Elxsi, L&T Technologies, and KPIT Technologies in term of revenue CAGR . At an upper band valuation of INR 500, the issue's valued at a PE ratio of nearly 32.5x based on FY23 EPS.
After analysing all above mentioned points, We can say that “Tata technologies” IPO is a safe best for long term investors and short term traders too.
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