Tata Technologies IPO LIVE Updates Day 3: Issue subscribed over 69 times; retail portion booked 16.50x on last day

Tata Technologies IPO LIVE: Day 03 subscription at 18:45 IST; Issue subscribed over 69.43 times

Tata Technologies IPO subscription status is 69.43 times at 18:45 IST.

Tata Tech IPO's retail investors portion has been subscribed 16.50 times, NII portion is subscribed 62.11 times, and Qualified Institutional Buyers (QIB) portion is booked 203.41 times. Employee portion has been subscribed 3.70 times Portion reserved for the shareholder has been booked 29.19 times.

Tata Technologies IPO has received bids for 3,12,64,91,340 shares against 4,50,29,207 shares on offer, according to data from the BSE.

Tata Technologies IPO LIVE: Day 03 subscription at 18:30 IST; Issue subscribed over 69.43 times

Tata Technologies IPO subscription status is 69.43 times at 18:30 IST.

Tata Tech IPO's retail investors portion has been subscribed 16.50 times, NII portion is subscribed 62.11 times, and Qualified Institutional Buyers (QIB) portion is booked 203.41 times. Employee portion has been subscribed 3.70 times Portion reserved for the shareholder has been booked 29.19 times.

Tata Technologies IPO has received bids for 3,12,64,92,120 shares against 4,50,29,207 shares on offer, according to data from the BSE.

Tata Technologies IPO LIVE: Day 03 subscription at 18:15 IST; Issue subscribed over 69.43 times

Tata Technologies IPO subscription status is 69.43 times at 18:15 IST.

Tata Tech IPO's retail investors portion has been subscribed 16.50 times, NII portion is subscribed 62.11 times, and Qualified Institutional Buyers (QIB) portion is booked 203.41 times. Employee portion has been subscribed 3.70 times Portion reserved for the shareholder has been booked 29.19 times.

Tata Technologies IPO has received bids for 3,12,64,91,580 shares against 4,50,29,207 shares on offer, according to data from the BSE.

Tata Technologies IPO LIVE: Day 03 subscription at 18:00 IST; Issue subscribed over 69.43 times

Tata Technologies IPO subscription status is 69.43 times at 18:00 IST.

Tata Tech IPO's retail investors portion has been subscribed 16.50 times, NII portion is subscribed 62.11 times, and Qualified Institutional Buyers (QIB) portion is booked 203.41 times. Employee portion has been subscribed 3.70 times Portion reserved for the shareholder has been booked 29.19 times.

Tata Technologies IPO has received bids for 3,12,64,91,460 shares against 4,50,29,207 shares on offer, according to data from the BSE.

Tata Technologies IPO LIVE: Day 03 subscription at 17:45 IST; Issue subscribed over 69.43 times

Tata Technologies IPO subscription status is 69.43 times at 17:45 IST.

Tata Tech IPO's retail investors portion has been subscribed 16.50 times, NII portion is subscribed 62.11 times, and Qualified Institutional Buyers (QIB) portion is booked 203.41 times. Employee portion has been subscribed 3.70 times Portion reserved for the shareholder has been booked 29.19 times.

Tata Technologies IPO has received bids for 3,12,64,69,770 shares against 4,50,29,207 shares on offer, according to data from the BSE.

Tata Technologies IPO LIVE: Day 03 subscription at 17:30 IST; Issue subscribed over 69.43 times

Tata Technologies IPO subscription status is 69.43 times at 17:30 IST.

Tata Tech IPO's retail investors portion has been subscribed 16.50 times, NII portion is subscribed 62.11 times, and Qualified Institutional Buyers (QIB) portion is booked 203.41 times. Employee portion has been subscribed 3.70 times Portion reserved for the shareholder has been booked 29.19 times.

Tata Technologies IPO has received bids for 3,12,64,27,800 shares against 4,50,29,207 shares on offer, according to data from the BSE.

Tata Technologies IPO LIVE: Day 03 subscription at 17:15 IST; Issue subscribed over 69.43 times

Tata Technologies IPO subscription status is 69.43 times at 17:15 IST.

Tata Tech IPO's retail investors portion has been subscribed 16.50 times, NII portion is subscribed 62.11 times, and Qualified Institutional Buyers (QIB) portion is booked 203.41 times. Employee portion has been subscribed 3.70 times Portion reserved for the shareholder has been booked 29.19 times.

Tata Technologies IPO has received bids for 3,12,63,22,380 shares against 4,50,29,207 shares on offer, according to data from the BSE.

Tata Technologies IPO LIVE: Day 03 subscription at 17:00 IST; Issue subscribed over 69.43 times

Tata Technologies IPO subscription status is 69.43 times at 17:00 IST.

Tata Tech IPO's retail investors portion has been subscribed 16.50 times, NII portion is subscribed 62.11 times, and Qualified Institutional Buyers (QIB) portion is booked 203.41 times. Employee portion has been subscribed 3.70 times Portion reserved for the shareholder has been booked 29.19 times.

Tata Technologies IPO has received bids for 3,12,63,22,380 shares against 4,50,29,207 shares on offer, according to data from the BSE.

Tata Technologies IPO LIVE: Day 03 subscription at 16:45 IST; Issue subscribed over 69.40 times

Tata Technologies IPO subscription status is 69.40 times at 16:45 IST.

Tata Tech IPO's retail investors portion has been subscribed 16.45 times, NII portion is subscribed 62.10 times, and Qualified Institutional Buyers (QIB) portion is booked 203.41 times. Employee portion has been subscribed 3.68 times Portion reserved for the shareholder has been booked 29.15 times.

Tata Technologies IPO has received bids for 3,12,51,74,640 shares against 4,50,29,207 shares on offer, according to data from the BSE.

Tata Technologies IPO LIVE: Day 03 subscription at 16:30 IST; Issue subscribed over 69.37 times

Tata Technologies IPO subscription status is 69.37 times at 16:30 IST.

Tata Tech IPO's retail investors portion has been subscribed 16.42 times, NII portion is subscribed 62.10 times, and Qualified Institutional Buyers (QIB) portion is booked 203.41 times. Employee portion has been subscribed 3.67 times Portion reserved for the shareholder has been booked 29.12 times.

Tata Technologies IPO has received bids for 3,12,42,34,050 shares against 4,50,29,207 shares on offer, according to data from the BSE.

Tata Technologies IPO LIVE: Day 03 subscription at 16:15 IST; Issue subscribed over 69.32 times

Tata Technologies IPO subscription status is 69.32 times at 16:15 IST.

Tata Tech IPO's retail investors portion has been subscribed 16.31 times, NII portion is subscribed 62.08 times, and Qualified Institutional Buyers (QIB) portion is booked 203.41 times. Employee portion has been subscribed 3.63 times Portion reserved for the shareholder has been booked 28.03 times.

Tata Technologies IPO has received bids for 3,12,16,57,980 shares against 4,50,29,207 shares on offer, according to data from the BSE.

Tata Technologies IPO LIVE: Day 03 subscription at 16:00 IST; Issue subscribed over 69.27 times

Tata Technologies IPO subscription status is 69.27 times at 16:00 IST.

Tata Tech IPO's retail investors portion has been subscribed 16.23 times, NII portion is subscribed 62.07 times, and Qualified Institutional Buyers (QIB) portion is booked 203.41 times. Employee portion has been subscribed 3.60 times Portion reserved for the shareholder has been booked 28.93 times.

Tata Technologies IPO has received bids for 3,11,93,26,920 shares against 4,50,29,207 shares on offer, according to data from the BSE.

Tata Technologies IPO LIVE: Day 03 subscription at 15:45 IST; Issue subscribed over 69 times

Tata Technologies IPO subscription status is 69 times at 15:45 IST.

Tata Tech IPO's retail investors portion has been subscribed 16.12 times, NII portion is subscribed 61.91 times, and Qualified Institutional Buyers (QIB) portion is booked 202.70 times. Employee portion has been subscribed 3.57 times Portion reserved for the shareholder has been booked 28.82 times.

Tata Technologies IPO has received bids for 3,10,78,83,630 shares against 4,50,29,207 shares on offer, according to data from the BSE.

Tata Technologies IPO LIVE: Day 03 subscription at 15:30 IST; Issue subscribed over 64.16 times

Tata Technologies IPO subscription status is 64.16 times at 15:30 IST.

Tata Tech IPO's retail investors portion has been subscribed 15.97 times, NII portion is subscribed 60.99 times, and Qualified Institutional Buyers (QIB) portion is booked 183.03 times. Employee portion has been subscribed 3.53 times Portion reserved for the shareholder has been booked 28.62 times.

Tata Technologies IPO has received bids for 2,88,89,53,650 shares against 4,50,29,207 shares on offer, according to data from the BSE.

Tata Technologies IPO LIVE: Day 03 subscription at 15:15 IST; Issue subscribed over 60.47 times

Tata Technologies IPO subscription status is 60.47 times at 15:15 IST.

Tata Tech IPO's retail investors portion has been subscribed 15.84 times, NII portion is subscribed 60.44 times, and Qualified Institutional Buyers (QIB) portion is booked 167.99 times. Employee portion has been subscribed 3.48 times Portion reserved for the shareholder has been booked 28.48 times.

Tata Technologies IPO has received bids for 2,72,27,86,650 shares against 4,50,29,207 shares on offer, according to data from the BSE.

Tata Technologies IPO LIVE: Day 03 subscription at 15:00 IST; Issue subscribed over 53 times

Tata Technologies IPO subscription status is 53.73 times at 15:00 IST.

Tata Tech IPO's retail investors portion has been subscribed 15.64 times, NII portion is subscribed 57.73 times, and Qualified Institutional Buyers (QIB) portion is booked 141.86 times. Employee portion has been subscribed 3.43 times Portion reserved for the shareholder has been booked 28.07 times.

Tata Technologies IPO has received bids for 2,41,93,87,410 shares against 4,50,29,207 shares on offer, according to data from the BSE.

Tata Technologies IPO LIVE: Day 03 subscription at 14:45 IST; Issue subscribed over 49 times

Tata Technologies IPO subscription status is 49.98 times at 14:45 IST.

Tata Tech IPO's retail investors portion has been subscribed 15.49 times, NII portion is subscribed 56.87 times, and Qualified Institutional Buyers (QIB) portion is booked 126.86 times. Employee portion has been subscribed 3.40 times Portion reserved for the shareholder has been booked 27.87 times.

Tata Technologies IPO has received bids for 2,25,03,41,970 shares against 4,50,29,207 shares on offer, according to data from the BSE.

Tata Technologies IPO LIVE: Day 03 subscription at 14:30 IST; Issue subscribed over 44 times

Tata Technologies IPO subscription status is 44.67 times at 14:30 IST.

Tata Tech IPO's retail investors portion has been subscribed 15.13 times, NII portion is subscribed 55.13 times, and Qualified Institutional Buyers (QIB) portion is booked 106.57 times. Employee portion has been subscribed 3.32 times Portion reserved for the shareholder has been booked 27.12 times.

Tata Technologies IPO has received bids for 2,01,12,28,020 shares against 4,50,29,207 shares on offer, according to data from the BSE.

Tata Technologies IPO LIVE: Day 03 subscription at 14:15 IST; Issue subscribed over 38 times

Tata Technologies IPO subscription status is 38.39 times at 14:15 IST.

Tata Tech IPO's retail investors portion has been subscribed 14.93 times, NII portion is subscribed 53.94 times, and Qualified Institutional Buyers (QIB) portion is booked 81.23 times. Employee portion has been subscribed 3.28 times Portion reserved for the shareholder has been booked 26.78 times.

Tata Technologies IPO has received bids for 1,72,85,52,000 shares against 4,50,29,207 shares on offer, according to data from the BSE.

Tata Technologies IPO LIVE: Day 03 subscription at 14:00 IST; Issue subscribed over 35 times

Tata Technologies IPO subscription status is 35:97 times at 14:00 IST.

Tata Tech IPO's retail investors portion has been subscribed 14.79 times, NII portion is subscribed 53.17 times, and Qualified Institutional Buyers (QIB) portion is booked 71.83 times. Employee portion has been subscribed 3.24 times Portion reserved for the shareholder has been booked 26.62 times.

Tata Technologies IPO has received bids for 1,61,97,43,320 shares against 4,50,29,207 shares on offer, according to data from the BSE.

Tata Technologies IPO LIVE: Day 03 subscription at 13:45 IST; Issue subscribed over 34 times

Tata Technologies IPO subscription status is 34.75 times at 13:45 IST.

Tata Tech IPO's retail investors portion has been subscribed 14.66 times, NII portion is subscribed 52.77 times, and Qualified Institutional Buyers (QIB) portion is booked 67.33 times. Employee portion has been subscribed 3.20 times Portion reserved for the shareholder has been booked 26.34 times.

Tata Technologies IPO has received bids for 1,56,49,07,250 shares against 4,50,29,207 shares on offer, according to data from the BSE.

Tata Technologies IPO LIVE: Day 03 subscription at 13:30 IST; Issue subscribed over 30 times

Tata Technologies IPO subscription status is 30.53 times at 13:30 IST.

Tata Tech IPO's retail investors portion has been subscribed 14.46 times, NII portion is subscribed 51.14 times, and Qualified Institutional Buyers (QIB) portion is booked 51.15 times. Employee portion has been subscribed 3.13 times Portion reserved for the shareholder has been booked 25.87 times.

Tata Technologies IPO has received bids for 1,37,47,21,950 shares against 4,50,29,207 shares on offer, according to data from the BSE.

Tata Technologies IPO LIVE: Day 03 subscription at 13:15 IST; Issue booked over 27 times

Tata Technologies IPO subscription status is 27.76 times at 13:15 IST.

Tata Tech IPO's retail investors portion has been subscribed 14.29 times, NII portion is subscribed 49.24 times, and Qualified Institutional Buyers (QIB) portion is booked 41.14 times. Employee portion has been subscribed 3.09 times Portion reserved for the shareholder has been booked 25.70 times.

Tata Technologies IPO has received bids for 1,24,99,66,050 shares against 4,50,29,207 shares on offer, according to data from the BSE.

Tata Technologies IPO LIVE: Day 03 subscription at 13:00 IST; Issue subscribed over 26 times

Tata Technologies IPO subscription status is 26.04 times at 13:00 IST.

Tata Tech IPO's retail investors portion has been subscribed 14.14 times, NII portion is subscribed 48.45 times, and Qualified Institutional Buyers (QIB) portion is booked 34.82 times. Employee portion has been subscribed 3.05 times Portion reserved for the shareholder has been booked 25.45 times.

Tata Technologies IPO has received bids for 1,17,25,07,820 shares against 4,50,29,207 shares on offer, according to data from the BSE.

Tata Technologies IPO LIVE: Day 03 subscription at 12:45 IST

Tata Technologies IPO subscription status is 23.51 times at 12:45 IST.

Tata Tech IPO's retail investors portion has been subscribed 14.01 times, NII portion is subscribed 47.92 times, and Qualified Institutional Buyers (QIB) portion is booked 24.75 times. Employee portion has been subscribed 3.02 times Portion reserved for the shareholder has been booked 25.29 times.

Tata Technologies IPO has received bids for 1,05,86,93,040 shares against 4,50,29,207 shares on offer, according to data from the BSE.

Tata Technologies IPO LIVE: Day 03 subscription at 12:30 IST

Tata Technologies IPO subscription status is 22.32 times at 12:30 IST.

Tata Tech IPO's retail investors portion has been subscribed 13.83 times, NII portion is subscribed 46.30 times, and Qualified Institutional Buyers (QIB) portion is booked 21.42 times. Employee portion has been subscribed 2.98 times Portion reserved for the shareholder has been booked 24.93 times.

Tata Technologies IPO has received bids for 1,00,51,46,640 shares against 4,50,29,207 shares on offer, according to data from the BSE.

Tata Technologies IPO LIVE: Day 03 subscription at 12:15 IST

Tata Technologies IPO subscription status is 21.90 times at 12:15 IST.

Tata Tech IPO's retail investors portion has been subscribed 13.63 times, NII portion is subscribed 45.42 times, and Qualified Institutional Buyers (QIB) portion is booked 20.83 times. Employee portion has been subscribed 2.92 times Portion reserved for the shareholder has been booked 24.57 times.

Tata Technologies IPO has received bids for 98,59,32,390 shares against 4,50,29,207 shares on offer, according to data from the BSE.

Tata Technologies IPO LIVE: Day 03 subscription at 12:03 IST

Tata Technologies IPO subscription status is 20.52 times at 12:03 IST.

Tata Tech IPO's retail investors portion has been subscribed 13.49 times, NII portion is subscribed 43.61 times, and Qualified Institutional Buyers (QIB) portion is booked 16.67 times. Employee portion has been subscribed 2.89 times Portion reserved for the shareholder has been booked 24.39 times.

Tata Technologies IPO has received bids for 92,39,90,220 shares against 4,50,29,207 shares on offer, according to data from the BSE.

Tata Technologies IPO LIVE: Day 03 subscription at 11:45 IST

Tata Technologies IPO subscription status is 20.11 times at 11:45 IST.

Tata Tech IPO's retail investors portion has been subscribed 13.34 times, NII portion is subscribed 43.07 times, and Qualified Institutional Buyers (QIB) portion is booked 15.72 times. Employee portion has been subscribed 2.84 times Portion reserved for the shareholder has been booked 24.15 times.

Tata Technologies IPO has received bids for 90,53,98,830 shares against 4,50,29,207 shares on offer, according to data from the BSE.

Tata Technologies IPO LIVE: Day 03 subscription at 11:30 IST

Tata Technologies IPO subscription status is 19.29 times at 11:30 IST.

Tata Tech IPO's retail investors portion has been subscribed 13.16 times, NII portion is subscribed 41.31 times, and Qualified Institutional Buyers (QIB) portion is booked 14.07 times. Employee portion has been subscribed 2.80 times Portion reserved for the shareholder has been booked 23.78 times.

Tata Technologies IPO has received bids for 86,86,18,650 shares against 4,50,29,207 shares on offer, according to data from the BSE.

Tata Technologies IPO LIVE: Day 03 subscription at 11:15 IST

Tata Technologies IPO subscription status is 18.96 times at 11:15 IST.

Tata Tech IPO's retail investors portion has been subscribed 12.96 times, NII portion is subscribed 40.50 times, and Qualified Institutional Buyers (QIB) portion is booked 13.83 times. Employee portion has been subscribed 2.74 times Portion reserved for the shareholder has been booked 23.42 times.

Tata Technologies IPO has received bids for 85,35,34,950 shares against 4,50,29,207 shares on offer, according to data from the BSE.

Tata Technologies IPO LIVE: Day 03 subscription at 11:00 IST

Tata Technologies IPO subscription status is 18.65 times at 11:00 IST.

Tata Tech IPO's retail investors portion has been subscribed 12.79 times, NII portion is subscribed 39.62 times, and Qualified Institutional Buyers (QIB) portion is booked 13.67 times. Employee portion has been subscribed 2.70 times Portion reserved for the shareholder has been booked 23:11 times.

Tata Technologies IPO has received bids for 83,97,36,660 shares against 4,50,29,207 shares on offer, according to data from the BSE.

Tata Technologies IPO LIVE: Day 03 subscription at 10:48 IST

Tata Technologies IPO subscription status is 18.52 times at 10:48 IST.

Tata Tech IPO's retail investors portion has been subscribed 12.71 times, NII portion is subscribed 39.21 times, and Qualified Institutional Buyers (QIB) portion is booked 13.66 times. Employee portion has been subscribed 2.68 times Portion reserved for the shareholder has been booked 22.98 times.

Tata Technologies IPO has received bids for 83,40,54,000 shares against 4,50,29,207 shares on offer, according to data from the BSE.

Tata Technologies IPO LIVE: Day 03 subscription at 10:27 IST

Tata Technologies IPO subscription status is 16.52 times at 10:27 IST.

Tata Tech IPO's retail investors portion has been subscribed 12.38 times, NII portion is subscribed 36.03 times, and Qualified Institutional Buyers (QIB) portion is booked 8.62 times. Employee portion has been subscribed 2.61 times Portion reserved for the shareholder has been booked 22.01 times.

Tata Technologies IPO has received bids for 74,36,66,460 shares against 4,50,29,207 shares on offer, according to data from the BSE.

Tata Technologies IPO LIVE: Day 03 subscription at 10:09 IST

Tata Technologies IPO subscription status is 15.82 times at 10:09 IST.

Tata Tech IPO's retail investors portion has been subscribed 12.01 times, NII portion is subscribed 33.50 times, and Qualified Institutional Buyers (QIB) portion is booked 8.61 times. Employee portion has been subscribed 2.55 times Portion reserved for the shareholder has been booked 21.32 times.

Tata Technologies IPO has received bids for 71,23,62,180 shares against 4,50,29,207 shares on offer, according to data from the BSE.

Tata Technologies IPO LIVE: Few more risks to consider before subscribing to the issue

• The company’s revenues are highly dependent on clients concentrated in the automotive segment. An economic slowdown or factors affecting this segment may have an adverse effect on its business, financial condition and results of operations, as per the RHP.

• There is intense competition in the market for engineering services that could affect its pricing and have a material adverse effect on its financial condition. Certain of its group companies operate in a similar line of business, which may lead to competition with these entities and could potentially result in a loss of business opportunity for it.

• Tata Technologies said there were outstanding legal proceedings involving the company, its directors, subsidiaries and its promoter.-

Tata Technologies IPO LIVE: Tata Tech's listed industry peers

Tata Technologies listed industry peers are KPIT Technologies Ltd (with P/E of 80.31), L&T Technology Services Ltd (with P/E of 37.47), and Tata Elxsi Ltd (with P/E of 61.55), as per RHP.

Tata Technologies IPO LIVE: Ventura Securities recommends ‘Subscribe’

According to the brokerage's report, Tata Tech has proposed an OFS worth ₹3,043 crore. Tata Motors will sell 46,275,000 shares, bringing its pre-issue stake down to 64.8% and its post-issue stake down to 53.4%. Other shareholders that are selling include Tata Capital Growth Fund I (selling 4,858,425 shares) and Alpha TC Holdings Pte Ltd (selling 9,716,853 shares). These shareholders will reduce their holdings from 3.6% to 2.4% and 7.3% to 4.9%, respectively.

“With the gradual recovery in the global economy, rising manufacturing capex and shift in manufacturing from US/Europe/China to India due to cost inflation and China+1 strategy, we are expecting strong in the Tata Tech’s financial performance in the coming years. At the IPO price of ₹500 (upper price band), Tata Tech is valued at a TTM P/E of 28.3X. Considering the growth opportunities and strong fundamentals of Tata Tech, we recommend a SUBSCRIBE rating for this IPO,” the brokerage said. 

Tata Technologies IPO LIVE: Tata Tech IPO GMP today

Tata Technologies IPO GMP today, or grey market premium, is +403. This indicates Tata Technologies share price now is trading at a premium of ₹403 in the grey market on Friday, according to investorgain.com.

Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Tata Tech share price is indicated at ₹903 apiece, which is 80.6% higher than the IPO price of ₹500.

Based on last 39 sessions grey market activities, today IPO GMP points upward and expects a strong listing. The lowest GMP is ₹240, while the highest GMP is ₹403, according to analysts of investorgain.com.

'Grey market premium' indicates investors' readiness to pay more than the issue price.

Tata Technologies IPO LIVE: Check out Tata Technologies marquee customer base

Tata Technologies is present in Asia Pacific, Europe, and North America, offering a diverse global presence. The company collaborates with numerous global manufacturing giants. More than 35 traditional automotive OEMs, tier 1 suppliers, and more than 12 new energy vehicle companies make up Tata Tech's clientele as of September 30, 2023. 

The client portfolio of Tata Technologies comprises its anchor clients, JLR and Tata Motors; top tier 1 suppliers and traditional OEMs, including Airbus, McLaren, Honda, Ford, and Cooper Standard; and new energy vehicle companies, including VinFast, among others, like Cabin Interiors and Engineering Solutions, ST Engineering Aerospace. 

Their key accounts are comprised of seven out of the top 10 and 12 of the top 20 global automotive ER&D spenders and five out of the 10 prominent new energy ER&D spenders globally, as mentioned in their RHP.

Tata Technologies IPO LIVE: A look at Tata Tech’s Technology solutions vertical

The company’s Technology solutions vertical include:

> Products and Value-Added Reselling (VAR), where the company supports clients in selecting and applying the right product development software from its partners to succeed in product manufacturing and market competition. 

> Educational offerings, where the company partners with universities and governments to prepare new engineers with industry-relevant skills and provides digital learning systems to corporations for their training requirements.

Tata Technologies IPO LIVE: A look at Tata Tech’s Services business

Tata Technologies’ Services vertical includes Engineering, Research, and Development (ER&D), where the company aids manufacturers in the inception, design, and enhancement of products using digital platforms. 

It also includes Digital Enterprise Services (DES), where the company assists manufacturers in identifying and implementing technological tools and solutions for better product manufacturing, servicing, and realization.

Tata Technologies IPO LIVE: InCred Equities explains rationale to subscribe the issue

Tata Technologies IPO price band implies 1) EV/revenue of ~2.8x, 2) EV/EBITDA of ~15x, and 3) a P/E of ~21.4x based on FY26F financials. Tata Technologies’ peers (LTTS, TELX, KPIT and Cyient Ltd) trade at an average P/E of ~33x FY26F consensus EPS and ~23x average of LTTS & Cyient Ltd’s.

We expect US$ revenue/EBITDA (Rsm)/PAT (Rsm) CAGR of 13.6%/16.1%/15%, respectively, over FY23-26F. We recommend subscribing to the IPO given the long term opportunities in the Er&d segments of automotive, aerospace, size and scale to participate in the same and scope to improve margins & cash flow going ahead, InCred Equities said.

Downside includes client specific challenges in a high client concentration portfolio, significant growth in technology solutions which could limit potential margin expansion, it added.

Tata Technologies IPO Live: Issue sets record! Attracts over 50 lakh applications

The Tata Group's much-awaited initial public offering (IPO) has created a record of attracting the highest number of applications on its issue among private sector companies, according to domestic brokerage Nuvama Institutional Equities. With 50.6 lakh applications till only the second day of its issue, Tata Technologies IPO has overtaken major private companies such as Zomato, Reliance Power, Nykaa (FSN E-Commerce Ventures), and others. Read full report here

Tata Technologies IPO LIVE : SBI Securities recommends ‘Subscribe’

"At the upper price band of ₹500, Tata Technologies is trading at 32.5x FY23 P/E multiple. Its peers are trading at a relatively expensive valuation with FY23 P/E multiple of 108.9x for KPIT, 68.5x for Tata Elxsi and 40.1x for LTTS. We believe, Tata Technologies is well placed to encash on the growth opportunities in ER&D space and looking at the relatively cheaper valuations, we recommend investors to SUBSCRIBE to the issue," SBI securities said in its report

Tata Technologies IPO LIVE : Swastika gives ‘Subscribe’ rating

“The IPO is coming at a very attractive valuation of 32.5x, and it's a great opportunity for investors. Thus, one should surely apply for this IPO for listing gain as well as for long-term benefits,” the brokerage firm said in a note.