About Tata Technologies | Tata technologies ipo price

About Tata Technologies 

Tata Technologies is a prominent player in the global engineering and product development services landscape, representing a key subsidiary within the Tata Group, a multinational conglomerate headquartered in India. This company plays a crucial role in supporting various industries by providing a spectrum of services that span engineering, design, and digital solutions.  

Founded with the objective of delivering cutting-edge engineering services, Tata Technologies has evolved into a comprehensive provider of solutions that cater to the entire product development lifecycle. The company`s expertise extends across diverse sectors, including automotive, aerospace, industrial machinery, and consumer electronics. By leveraging its engineering capabilities, Tata Technologies assists businesses in innovating, designing, and bringing products to market with efficiency and precision.  

One of the core areas of focus for Tata Technologies is product lifecycle management (PLM). PLM involves managing the entire lifecycle of a product from its initial concept and design through manufacturing, operation, and eventual disposal. Tata Technologies offers PLM solutions that help organizations streamline their product development processes, enhance collaboration, and improve overall efficiency. This is particularly crucial in industries with complex and lengthy product development cycles, such as automotive and aerospace. 

 In the realm of product design and engineering, Tata Technologies excels in providing comprehensive services that encompass conceptualization, design validation, and prototyping. The company's engineers and designers use advanced tools and technology to develop innovative and functional products. This  not only meets customer specifications, but also takes into account factors such as sustainability, cost efficiency and legal compliance. 

Manufacturing  is another important sector where Tata Technologies has made a huge impact. The company helps customers optimize manufacturing processes, implement automation, and adopt Industry 4.0 practices. In this way, Tata Technologies contributes to improving production efficiency, quality control and overall operational excellence.  Simulation and analytics are an integral part of Tata Technologies' service portfolio. Through advanced simulation tools, the company enables customers to virtually evaluate and refine product designs  before creating physical prototypes. This not only speeds time to market, but also minimizes the costs associated with iterative prototyping. 

Tata Technologies operates globally with offices in Asia, Europe and North America. This global presence allows the company to serve a diverse range of customers and remain responsive to regional differences in industry requirements and regulations. The company's international presence is a testament to its commitment to providing localized and customized solutions to customers around the world.  

In conclusion, Tata Technologies is a pioneer in innovation and excellence in the field of engineering and product development services. From product design and engineering to his PLM solutions, our comprehensive offering demonstrates our commitment to helping our customers navigate the complexities of modern product development. With  global reach and a rich heritage as part of the Tata Group, Tata Technologies continues to play a key role in shaping the future of the industry through its technological capabilities and digital solutions. 

Tata technologies ipo price:

The IPO will be a pure Offer for Sale (OFS), which means that the company will not receive any proceeds from this issue.  

Existing shareholders like Alpha TC Holdings Pte. Ltd., and Tata Capital Growth Fund I, will be selling up to 2.4% and 1.2% stake in the company respectively. 

Tata Motors, the parent company, will be selling 4.62 crore shares or 11.41% of its total holding in the company. 

The number of shares sold by Tata Motors are almost half of the 8.1 crore shares it initially planned to sell as per its Draft Red Herring Prospectus (DRHP).  

10% of the IPO will be reserved for  Tata Motors' shareholders, including individuals and Hindu United Families (HUF).  

Tata Motors  acquired the stake at ₹7.4 per share, while Alpha TC Holdings and Tata Capital Growth Fund  acquired their respective shares at ₹25.1 per share.

 

According to the company's 2022 annual report, Tata Motors held  74.42% stake in Tata Technologies. The price range for the IPO has not yet been determined.  Tata Technologies will be the first IPO for the Tata Group  in about 20 years since Tata Consultancy Services (TCS).  

Last month, the company had announced the sale of a 9.9% stake in the Dalal Street-based company to TPG Rise Climate for Rs 1,613.7 million. As a result, Tata Technologies' stock was valued at Rs 16,300 crore.