Tata Applied sciences, a subsidiary of Tata Motors, is without doubt one of the most awaited ones on Dalal Road.
Tata Applied sciences filed its DRHP with the market regulator Securities and Alternate Board of India (Sebi) on 9 March.
Tata Applied sciences, a subsidiary of a Tata Motors, is an engineering providers firm that provide product improvement and turnkey options to international unique tools producers (OEMs) and their tier-1 suppliers.
Tata Applied sciences IPO particulars
As per DRHP, Tata Applied sciences IPO might be a whole provide on the market (OFS) whereby its current shareholders, together with Tata Motors, Alpha TC Holdings Pte and Tata Capital Progress Fund-I, will offload their stake within the firm.
Auto main Tata Motors holds 74.69 per cent stake within the firm. Beneath the OFS, Tata Applied sciences’ guardian firm Tata Motors will offload 8.11 crore shares or a 20 per cent stake within the firm.
The promoting shareholders will offload as much as 9.57 crore models representing 23.60 per cent of its paid-up share capital.
Amongst different shareholders, Alpha TC Holdings Pte plans to promote as much as 97.16 lakh shares (2.40 per cent) and Tata Capital Progress Fund I might offload as much as 48.58 lakh fairness shares (1.20 per cent).
As per the DRHP, the weighted common price of acquisition per fairness share by Tata Motors is ₹7.40 per share, for Alpha TC Holdings Pte. Ltd is ₹25.10 per share and for Tata Capital Progress Fund I is ₹25.10.
The scale of the IPO hasn’t been disclosed but. The difficulty value has additionally not be disclosed.
Tata Applied sciences acknowledges KPIT Applied sciences, L&T Know-how Companies, and Tata Elxsi as its listed opponents.
The guide working lead managers to the Tata Applied sciences IPO are JM Monetary, Citigroup International Markets India and Bofa Securities India, whereas the IPO registrar is Hyperlink Intime India.
In FY22, Tata Applied sciences reported a web revenue of ₹436.99 crore, whereas a complete income of ₹3,578.38 .
Its web revenue for the April-December interval of FY23 was ₹407.47 crore and income through the interval stood at ₹3,052.30 crore.
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Up to date: 18 Jun 2023, 06:52 PM IST
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