Tata Technologies is a leading global engineering services provider. Its IPO will be between Nov 22-24, 2023.
Day 1: Got oversubscribed 6.5 times Day 2: Got oversubscribed 14.85 times
1. Outsourced engineering and digital transformation services: 80% of FY23 revenue 2. Re-selling third-party software applications and services to educ
- Strong clientele: Many of its clients, including Tata Motors and its subsidiaries (such as JLR), are leading players in their industries.
- Cyclicality: Its automotive segment accounted for around 71 per cent of FY23 revenue, but that is cyclical