Tata Technologies Limited Announces Initial Public Offering with Price Band Fixed at INR 475-500 per Equity Share

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Tata Technologies Limited’
Tata Technologies Limited’

MUMBAI: Tata Technologies Limited has announced its initial public offering (IPO) of up to 60,850,278 equity shares. The IPO will open on November 22, 2023, with bids being accepted until November 24, 2023. The price band for the offering has been fixed at INR 475-500 per equity share.

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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