The IPO comprises an offer for sale of up to 46,275,000 equity shares by Tata Motors Limited, up to 9,716,853 equity shares by Alpha TC Holdings Pte. Ltd., and up to 4,858,425 equity shares by Tata Capital Growth Fund I. Bids can be made for a minimum of 30 equity shares and in multiples of 30 equity shares thereafter.

The anchor investor bidding date is set for November 21, 2023, one working day prior to the bid/offer opening date. The company’s equity shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or any other applicable law of the United States and may not be offered or sold within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws.

Potential investors should note that investment in equity shares involves a high degree of risk, and for details relating to such risk, please see the section entitled ‘Risk Factors’ on page 34 of the red herring prospectus (RHP). The RHP is available on the website of the Securities and Exchange Board of India (SEBI), the websites of the stock exchanges, and the website of the company.

In compliance with applicable laws, bids may not be made by persons in any jurisdiction outside India. The IPO is not an offer of securities for sale in the United States, and there will be no public offering of these securities in the United States.

Tata Technologies Limited is a global engineering and product development digital services company. The company’s IPO is subject to the receipt of requisite approvals, market conditions, and other considerations. Potential investors are advised to carefully review the RHP and consult with their financial advisors before making any investment decisions.

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The company plans to use the net proceeds from the fresh issue to augment its Tier-I capital base and meet future capital requirements arising from the growth of its business and assets. A portion of the proceeds will also be used towards meeting offer expenses. The equity shares offered through this IPO are proposed to be listed on the BSE Limited and National Stock Exchange of India Limited.

The offer is being made through the book-building process, with not more than 50% of the offer available for allocation on a proportionate basis to qualified institutional buyers (QIBs). The company and the selling shareholders may, in consultation with the book-running lead managers, allocate up to 60% of the QIB portion to anchor investors on a discretionary basis. The offer also includes a reservation aggregating up to INR 10 crore for subscription by eligible employees.

ICICI Securities Limited, BNP Paribas, Equirus Capital Private Limited, and JM Financial Limited are the book-running lead managers to the issue.

Potential investors should note that investment in equity shares involves a high degree of risk, and for details relating to such risk, please see the section entitled “Risk Factors” in the Red Herring Prospectus. The equity shares offered in the offer have not been, and will not be, registered under the U.S. Securities Act of 1933 and may not be offered or sold within the United States, except under an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable state securities law

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