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Ratan Tata

Tata Technologies is stepping into the IPO arena, aiming to raise ₹3,042.51 crore through its initial offer, which is 100% Offer for Sale (OFS) in nature. If you’re thinking about jumping into the IPO game, here’s a breakdown of what you need to know.

IPO Details:

Size: Tata Technologies is looking to raise ₹3,042.51 crore through its IPO.

Investment Limit: With a price band of ₹475 to ₹500 per equity share, a retail investor will need a minimum of ₹15,000 (₹500 x 30) to apply for the Tata Technologies IPO.

Lot Size: A single lot in the IPO comprises 30 company shares.

Listing: The IPO, valued at ₹3,042.51 crore, is proposed for listing on both BSE and NSE.

Listing Date: Following the T+3 schedule, the IPO is expected to be listed on the third trading session after the public issue’s closure. With the IPO ending on November 24, 2023 (Friday), it is expected to be listed on Wednesday the following week or on November 29, 2023.

Face Value: In Tata Technologies IPO, the face value is ₹2 per share.

About Tata Technologies:

Tata Technologies operates in the Engineering Research and Development (ER&D) segment, a field expected to grow at a compounded annual rate of 10% to reach $2.7 trillion over the next five years. The company is well-positioned in the automotive sector, the largest manufacturing ER&D vertical, which is undergoing significant changes with the rise of Connected, Autonomous, Shared, and Electrified (CASE) mobility.

Why Consider Tata Technologies IPO:

Analysts from IDBI Capital, Reliance Securities, Arihant Capital, and Mehta Equities are giving a ‘Subscribe’ rating to Tata Technologies’ IPO. This positive recommendation is based on factors such as promising business prospects, strong parentage, and favorable financials. Analysts note improvements in margins and ratios, contributing to their optimistic view on the IPO.

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India’s largest multinational company – Tata Group, has proclaimed plans to double its production of iPhones in India within two years. It’s currently producing iPhones for Apple at its plant in Chennai, and the expansion will initiate thousands of new jobs in the country.

The move is a substantial step for Apple, which has been looking to reduce its reliance on China for iPhone production. India is a growing market for smartphones, and Apple is hoping to tap into that growth by producing more iPhones locally.

Tata Group is a well-admired company with quite a long history of manufacturing in India. The company has a strong track record of quality and reliability, and Apple is confident that Tata Group can produce iPhones to its high standards.

The enlargement of iPhone production in India is a wanted development for the Indian economy. It will create jobs, boost exports, and help to develop the country’s manufacturing capabilities. It is also a sign of Apple’s commitment to India, and it suggests that the company sees India as a key market for its products.

Here are some of the potential benefits of Tata Group’s plan to double ‘made in India’ iPhone production:

  • Job creation: The enlargement is expected to initiate thousands of new jobs in India.
  • Boost to exports: India could become a major exporter of iPhones, generating revenue for the country.
  • Improvement of manufacturing capabilities: The Enlargement will help to develop India’s manufacturing competencies, making it more attractive to foreign investors.
  • Increased competition: The increased production of iPhones in India could lead to lower prices for consumers.
  • Stronger ties with Apple: The expansion is a sign of Apple’s commitment to India, and it could lead to stronger ties between the two companies.

Overall, Tata Group’s plan to double ‘made in India’ iPhone production is a positive development for the Indian economy and for consumers. It is a sign that India is becoming a major player in the global smartphone market.

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In a dazzling display of style and innovation, Air India has revealed the much-anticipated makeover of its A350 planes, reflecting the airline’s bold rebranding efforts. The Tata Group-owned carrier has undergone a striking transformation, bidding adieu to its old identity and embracing a fresh, vibrant look.

The airline, which introduced its new red-aubergine-gold livery and logo ‘The Vista’ earlier this year, recently shared a sneak peek of its revamped A350s. These sleek beauties, painted to perfection, were captured in all their glory at a workshop in Toulouse, France. Air India has promised that these newly adorned planes will touch down in India during the upcoming winter season.

The eye-catching makeover doesn’t come cheap, with a whopping $400 million allocated to refurbish the entire fleet to match the new aesthetic. The inspiration behind the rebranding is said to be the golden window frame’s peak, adding a touch of legacy to the airline’s modern look. The new design palette showcases deep reds, aubergines, and stunning gold accents, along with a captivating chakra-inspired pattern.

Air India’s CEO, Campbell Wilson, expressed his vision for the airline, aiming to make it a world-class carrier representing the new India on the global stage. By 2025, the plan is for all Air India aircraft to proudly bear the new logo.

This exciting announcement comes after Air India’s significant aircraft deals with Airbus and Boeing earlier this year, signaling a new chapter in the airline’s history.

The airline’s iconic Maharaja mascot has also undergone a modern makeover, with a more stylized design and a vibrant color scheme of red, white, and purple. The bold red lettering on Air India planes gets a fresh look in a different font, and a touch of red decorates the underbelly of the aircraft, displaying the airline’s name in crisp white.

The new logo replaces the old one, which featured a red swan adorned with the distinctive orange Konark Chakra. Tata Sons Chairman N Chandrasekaran aptly described the new logo as symbolizing “limitless possibilities.”

With these captivating changes, Air India is poised to make a striking mark in the aviation world, showcasing a harmonious blend of tradition and modernity that is sure to capture the hearts of travelers around the globe.

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