Tata Tech IPO; The Good and the Bad

About the Company

Tata Technologies is a leading global engineering services provider. Its IPO will be between Nov 22-24, 2023.

Tata Tech IPO closes today

Day 1: Got oversubscribed 6.5 times Day 2: Got oversubscribed 14.85 times

Revenue Verticals

1. Outsourced engineering and digital transformation services: 80% of FY23 revenue 2. Re-selling third-party software applications and services to educ

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The Good

- Strong clientele: Many of its clients, including Tata Motors and its subsidiaries (such as JLR), are leading players in their industries.

The Bad

- Cyclicality: Its automotive segment accounted for around 71 per cent of FY23 revenue, but that is cyclical