TATA Technologies files addendum to DRHP

TATA Technologies files addendum to DRHP

Tata Technologies, a leading global engineering services company offering product development and digital solutions, including turnkey solutions, to global original equipment manufacturers, has filed an addendum to its Draft Red Herring Prospectus (DRHP) with market regulator Securities and Exchange Board of India (SEBI). JM Financial, Citigroup Global Markets India Private, and BofA Securities India are the Book Running Lead Managers to the issue.

The Company’s initial public offering comprises an offer for sale of up to 95,708,984 equity shares for cash (Equity Shares).

Tata Technologies is a leading global engineering services company offering product development and digital solutions, including turnkey solutions, to global original equipment manufacturers and their tier-1 suppliers. The Company has deep domain expertise in the automotive industry and leverages this expertise to serve clients in adjacent industries, such as in aerospace and transportation and construction heavy machinery.

Zinnov has estimated the global engineering, research and development spend to be approximately $1.64 trillion as of 2021 and expects it to grow to approximately $2.28-2.33 trillion by 2025. Tata Technologies has been recognized as a domain expert and leader by Zinnov for several sectors like automotive, aerospace and electrification services.