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Tata Technologies IPO And Why It Is Important For Tata Motors

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tata technologies IPO

Tata Motors’ arm, Tata Technologies filed papers with the market regulator SEBI on March 10th to start an initial public offering (IPO) and raise funds. This resulted in a surge in Tata Motors shares. Under this public issue, Tata Motors plans to sell 8,11,33,706 Tata Technologies shares that the auto major acquired at ₹7.40 apiece. So, from the Tata Technologies IPO, Tata Motors is expected to get big gains. The market has gone bullish on Tata Motors share price.

About Tata Technologies IPO

Tata Technologies Limited (TTL) was founded in 1989. It is a global product engineering and digital services company. It focuses on fulfilling its mission of helping the world drive, build, fly, and farm by enabling global OEMs. And their ecosystem of partners across the automotive, aerospace, industrial machinery, and adjacent verticals to engineer, manufacture, and release better products, as well as helping them drive efficiencies in their businesses.

The company has major offices in 17 countries and over 7,900 employees with over 5,000 clients. As per the Tata Technologies website, it was originally founded as a business unit of Tata Motors. In 1994 it started off as an independent business unit, headquartered in Singapore. The company began initiating operations in India in 1996.

tata technologies ipo
tatatechnologies

Tata Technologies IPO

The IPO consists of a pure offer for sale (OFS) of up to 95.71 million shares. Tata Motors is offering up to 81.13 million shares, or a 20% stake in the company. Tata Capital Growth Fund I offering up to 4.86 million shares (1.20%), and Alpha TC Holdings Pte offering up to 9.72 million shares (2.40%).

Currently, Tata Motors holds a 74.69 percent stake in the company, while Alpha TC Holdings Pte and Tata Capital Growth Fund I hold 7.26 percent and 3.63 percent stakes, respectively.

The company’s shares are proposed to be listed on both the NSE and the BSE, according to a TOI report.

IPO impact on Tata Motors shares

Talking about the impact of Tata Technologies on Tata Motors share price, Head of Research at Profitmart Securities, Avinash Gorakshkar, said,

“Tata Technologies is an IT company and Tata Motors has stake in this IT company that has applied to SEBI for its IPO. The IPO is expected to receive good response from investors due to the big name Tata being attached with the public issue. For Tata Motors, Tata Technologies IPO is going to bring cash flow as they acquired Tata Technologies shares at ₹7.40 per share (as written in the Draft Red Herring paper or DRHP).”

Gorakshkar revealed that the company has not yet fixed the IPO price. The Tata Technologies IPO price would be at least 4-5 times the rate at which Tata Motors acquired a stake in Tata Technologies.

Hence, Avinash Gorakshkar said that Tata Motors is expected to reap a huge benefit from Tata Technologies IPO.

The Vice President of Research at IIFL Securities, Anuj Gupta spoke about how Tata Technologies IPO would benefit Tata Motors share price in the near term. He said,

“With Tata Technologies IPO, Tata Motors is going to book profit and hence cash flow in Tata Motors will go up after Tata Technologies share listing. In Q3FY23 results, Tata Motors beat the market estimates by big margin that has put Tata Motors shares in uptrend. This uptrend is expected to go further northwards after re-opening in China as it has big exposure in JLR sales in Chinese market. Hence, Tata Motors is expected to improve its balance sheet in upcoming quarter due to strong business outlook and Tata Technologies IPO is going to work as icing on the cake in near term.”

How will the Tata Technologies IPO benefit Tata Motors?

As per reports, Tata Motors will be able to improve its finances and reduce its debt by selling its equity stake in Tata Technologies. Tata Motors has cumulatively invested Rs 224.1 crore in Tata Technologies.

Speaking about debts, the company has reported a net loss in the last four consecutive years since 2018–19. Tata Motors suffered losses over the years due to its Jaguar Land Rover (JLR) unit and the poor financial performance of its domestic business.

tata motors share price
smartprix

Importance of the Tata Technologies IPO

After Tata Consultancy Services (TCS) which started in 2004. Tata Technologies is likely to be the first Tata Group company to go public in India after 19 years. Tata Technologies is also the 15th-largest IT company in the Fortune India Infotech Industry ranking.

Tata Play (formerly Tata Sky) is also expected to go for IPO this year.

The company recently announced several corporate actions. Each share of Tata Technologies, with a face value of Rs 10, was divided into five shares of Rs 2. They were recently divided in a 1:5 ratio. The company thereafter announced a bonus issue in a 1:1 ratio. Hence, talking about Tata Technologies share price, each share of the company was turned into 10 shares effectively.

As per the TOI report, Link Intime India has been appointed as the registrar for the issue. JM Financial, Citigroup Global Markets India, and BofA Securities India are the book-running lead managers to the issue.

tata technologies shares
thehindu

Tata Technologies IPO price

On the expected Tata Technologies IPO price, Head of Capital Market Strategy at Sharekhan by BNP Paribas, Gaurav Dua, said,

“Listing of Tata Technologies, subsidiary of Tata Motors, could unlock value for shareholders. Though the pricing is still not clear yet but the street expects the company to list at M-Cap of around Rs18000 crore. Consequently, it could roughly add ₹35 to ₹40 per share in SoTP valuation of Tata Motors.”

Tata Technologies IPO details

The issue is an offer for sale (OFS), under which shareholders will offload up to 9.57 crore equity shares, representing 23.60% of its paid-up share capital. The size of the IPO was not disclosed. Tata Technologies’ recent buyback valued the company at Rs 16,080 crore. Experts calculated that the size of the offer could be Rs 3,800 crore.

The objectives of the OFS include that the company will not receive any proceeds from the OFS from the selling shareholders. Each of them will be entitled to the respective proportion of the proceeds of the IPO after deducting their portion of the offer-related expenses and the relevant taxes thereon.

Tata Motors share price outlook

Expecting a strong rally in Tata Motors shares, Anuj Gupta of IIFL Securities said,

“Tata Motors share price has strong support at ₹420 apiece levels and those who have this stock in their portfolio can hold the stock with stop loss below ₹420 per share levels. Those who want to buy Tata Motors shares can buy this auto stock at current levels for short to medium term target of ₹490 to ₹500 per share maintaining strict stop loss below ₹420 levels.”

tata-motors-shares rise
zeebiz

Offer structure

50% of the offer is reserved for qualified institutional buyers (QIBs), 35% of the issue is reserved for retail investors, and 15% is reserved for non-institutional investors.

As per reports, Tata Technologies has a paid-up share capital of Rs 811.83 crore and an authorized share capital of Rs 350 crore.

Tata Technologies’ financial condition

According to the DRHP, in the nine months (of the current financial year) ended Dec. 31, 2022. Tata Technologies’ revenue marked a 15.30% year-on-year growth to Rs 3,052.95 crore. The contribution of the services segment is 88% of the total revenue. The net profit increased 22.82% year-on-year to Rs 407.46 crore.

tata-technologies ipo news
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Disclaimer: The recommendations, suggestions, views, and opinions given by the experts (individual analysts or broking companies) are their own. These do not represent the views of Postoast. We advise investors to check with certified experts before taking any investment decisions.

Also read: 25 Lesser-Known Facts About Ratan Tata That Will Make You Respect Him More



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Police Have Solved The Mystery Behind The Finger Found In Ice Cream: Here’s The Real Truth

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Varanya Mishra

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Police solve Mystery Behind The Finger Found In Ice Cream

Discovering foreign substances in food can be deeply unsettling, often causing profound distress and trauma. However, finding a human finger can evoke a feeling of utter disgust. Yes, you have read it absolutely right. A shocking incident occurred in Mumbai when a man said he discovered a human finger in the ice cream. This strange and terrifying episode attracted a lot of attention right away, shocking people and making many people wonder about food safety and hygiene regulations.

However, it also raised questions about the identity of the finger. A lot of people made theories about whose finger it was and what happened to the person. Now, after some investigation, the mystery surrounding the finger discovered in the ice cream has been resolved.

The mystery behind the human finger in ice cream has been solved

Earlier this month, a shocking discovery was made when a severed human finger was found in an ice cream. Now, the mystery behind the finger has been solved. According to a DNA report released on 27th June, it was Omkar Pote’s finger. He is an assistant operator manager at Fortune Company in Pune.

The incident traces back to May 11. It was when Pote lost his finger of his right hand while packing ice cream. This date and the ice cream cone’s production date matched. After learning about this, the Mumbai Police sued Fortune Company for carelessness.

human finger found in ice cream
TOI

How was it all unfolding?

The discovery was made on June 12, when Orlem Brendan Serrao, a 26-year-old resident of Malad, was eating a butterscotch ice cream ordered online by his sister.

Sensing something strange, he took a closer look and discovered a human finger in the ice cream while he was enjoying his delicacy. Serrao first complained to the ice cream firm on Instagram, but he didn’t hear back, so he went to the police with the issue.

Speaking about the incident, police said,

“The complainant, a 26-year-old doctor with an MBBS degree living in Malad West, had ordered a Yummo butterscotch ice cream cone. While eating it, he discovered a half-inch piece of flesh with a nail.”

The Mumbai Police’s inquiry took them to the Pune ice cream plant, where Pote had been hurt during production. According to the police, DNA samples were taken from Pote and transferred to the forensic science lab. Additionally, the finger itself was transferred to the Kalina Forensic Science Lab. Subsequently, a case was filed against the managers of Yummo Ice Cream Company.

finger was found in an ice cream

What does the company have to say about the incident?

Responding to the incident, Fortune Dairy’s owner, Manoj Tupe, said his company is cooperating with the inquiry and awaiting the DNA test results. He said that government teams have been dispatched to Ghaziabad and Jaipur, among other units, to conduct additional verification about the ice cream cone filling process.

In response to the incident, Yummo Ice Creams issued a statement, saying,

“We have stopped manufacturing at this third-party facility, isolated the said product at the facility and our warehouses, and are in the process of doing the same at the market level. Product quality and safety being our highest priority, we were in process to address the situation. Meanwhile, the matter was escalated, and an official police complaint was filed by the customer.”

Meanwhile, After this occurrence, the Fortune Dairy factory in Indapur received a stop-work notice from the Food Safety and Standards Authority of India (FSSAI).



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CA Aspirant’s Friend Asks For ‘Free’ ITR Filing; Their Conversation Goes Viral

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ITR file kar de

The deadline for filing Income Tax Returns (ITR) for the assessment year 2024-25 is nearing (July 31). Most people need the help of someone who is good with accounts and tax filing to assist them during this time of the year. Chartered Accountants (CA) and CA aspirants are often sought after by their friends and family to file Income Tax Returns (ITR).

Recently, Manthan Raichura, a CA aspirant, took to X (formerly Twitter) to vent his frustration

This week, a Chartered Accountancy (CA) aspirant took to his X (formerly Twitter) account and shared his opinion on how some acquaintances remember you only during their time of need.

Raichura shared a chat screenshot of himself and an old acquaintance who had not been in touch with him for a long period of time. The conversation started with a simple “Hello” and within some time the actual motive was revealed. Soon the acquaintance requested help with filing his ITR.

ITR FILING
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The conversation was initiated by the acquaintance who sent a message, and Raichura responded to it with a curious mind unaware of the sudden unknown contact. The acquaintance then replied in Hindi, saying,

“Yes, I wanted to file the ITR.” Raichura immediately cut to the chase, asking for details and fees. The acquaintance responded, “Achaa…fees dena hoga. Kitna? (Oh, I have to pay a fee? How much?)”

Just when Raichura quoted the fee for his help with the ITR, his acquaintance backed out as he was hoping to get the service for free. He left the conversation saying,

“Rehn de (leave it)”

Twitter

Raichura shared the screenshot of the WhatsApp chat and wrote,

“I take no shame in asking for ITR filing fees. It is that time of the year when some unrelated relatives and old disconnected ‘friends’ will call/text for their selfish reason. Why should I feed my time to keep an inexistent relation?”

He added that no one should feel ashamed to ask for a fee for their hard work and time. The post went viral with over a million views, 11,000 ‘likes’, over 500 re-posts, and over 600 bookmarks.

The post was flooded with comments from netizens. They gave mixed reactions to Raichura’s opinion

One user remarked,

“Bhai, I asked my CA friend to file only after you take money. It is his source of earning; I can’t expect him to do it for free.”

Another user said,

“Same for doctors, bro! Why should such people be given free treatment after spending so many years in medical training? Good one. Keep it up.”

One user said that he happily pays his best friend who files his ITR. Several people backed Raichura by saying that no one should offer their service for free.

However, some reactions were not supportive. One user commented,

“Thank God I don’t have a CA friend like you. He’s a friend of 24 years, and we’ve met only thrice in the last 18 years, yet he just asks for my Form 16 and does the honour. I’m blessed I have friends like him.”

Another user suggested that the decline should be proper and respectful. A CA professional supported the decision of Manthan Raichuria. Another user asked Raichura to disclose the fee he quoted so that they could do the same to sway people.

Many users asked Raichura about his quoted fees and he replied to most of them

Though ITR filing has been a lot simpler than before, people still look up to professionals for help. Should they offer their service for free? Let us know in the comments.



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21 Eid Special Mehndi Design – Latest & Easy Patterns (2024)

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Eid Special Mehndi Design

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Eid Special Mehndi Design

The festival of Eid is incomplete without a special mehndi design for Eid. Going on for generations, this is where culture meets artistic creativity and opens the door to exploring new designs to adorn yourself with body art. In this era, ancient tradition speaks through modern expression with timeless techniques and significance. We have curated this list of Eid special mehndi designs just for you.

Here are some of the best mehndi designs for Eid that we have come across:

1. Arabic mehndi design for Eid

Arabic mehndi designs are best known for their intricate detailing and deep stains but if you want to keep it minimal, here is an idea for you. In this special mehndi design for Eid below, you can see the precise detailing on the expanse of the palm and the dainty flower bracelet design around the wrist.

Arabic mehndi design for eid
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2. Net back hand henna design

Net henna designs are also pretty common in clients looking for Eid special mehndi designs. In this net design below, you can see that thin lines of henna have been filled in the dome-like design and each intersection of such lines sports a cute flower.

net back hand henna design
Pinterest

3. Central flower motif henna

If you are looking for a special mehndi design for Eid with a central motif design, then this design below might interest you. Whilst the fingers have been covered in an angular mesh design, there is medium-sized round motif at the center that is bordered with flower motifs.

Central flower motif henna
Pinterest

4. Geometric henna designs

Geometric patterns have always been a medium of representing art and other significances. In Morrocan mehndi designs, you often see the use of pointed geometric shapes like triangles and squares which makes the design stand out. In this special mehndi design for Eid, you can see that apart from the diagonal design across the fingers, there is a vertical line of square motifs.

Geometric henna designs
Pinterest

5. Minimalistic henna with dainty motifs

If you are a minimalist looking for Eid special mehndi designs to sparkle up on the occasion, this design below can be a good choice for you. Around the wrist, you can see a  traditional glove-like design that has been filled in with tiny flowers and beaded motifs.

Minimalistic henna with dainty motifs
Pinterest

6. Finger Eid special mehndi design

When it comes to minimalistic Eid easy mehndi design, finger henna designs can be one of the best options for you. In this mehndi design below, you can see a spiraling leaf design from the wrist to the fingertip of the middle one and others are adorned with ring designs.

Finger Eid special mehndi design
Pinterest

7. Moon henna design for Eid

A moon motif is perfect for Eid mehndi designs. In the Eid easy mehndi design below you can see that to keep the motif more prominent, it has been paired with minimal flower motifs with each finger dining a different design.

Moon henna design for Eid
Pinterest

8. Stylish Eid mehndi design

If you are looking for trending and stylish mehndi designs to stand out in the crowd this season, then take a look at this 3D ornamented mehndi design below. The central flower motif is shaded and done in a unique way to give you a 3D look.

Stylish Eid mehndi design
Pinterest

9. Jharokha mehndi design

Jharokha mehndi designs for Eid look amazing when paired with traditional and ethnic outfits for their stunning cutout design. In this beautiful henna design below you can see that it gives you a glove like illusion and the gap is filled in with star designs. If you are looking for Eid easy mehndi design, then the design shown is a good option for you.

Jharokha mehndi design
Pinterest

10. Negative floral mehndi design back hand

The best thing about negative mehndi designs is that they are quite eye-catching with deep and dark henna stains. In such designs, the motifs are outlined but they are not filled in, instead, the surroundings the filled in with henna giving you a contrasting look to flaunt as Eid easy mehndi design.

Negative floral mehndi design back hand
Pinterest

11. Ornamental back hand mehndi design

If you like jewelry-imitated mehndi designs, then these ornamental mehndi designs for Eid design will catch your eye. If spotted from afar, it seems like you have jewelry on but in reality, it’s just a neatly done henna artwork. This makes it a good option for Ramzan Eid special mehndi design for you to flaunt.

Ornamental back hand mehndi design
Pinterest

12. Segmented palm mehndi design

Segmentation is used in mehndi designs which involve several motifs in a design. If segregated, then each motif becomes more prominent thus adding value to the whole look. In this Ramzan Eid special mehndi design below, you can easily see how each motif in the design differs yet gives you a quality look at the end.

Segmented palm mehndi design
Pinterest

13. Easy Eid henna ideas

It can happen that you have less time to spare or on a tight budget, worry not, this is where these kinds of easy Eid special mehndi designs come into play. The gap in between the bands of design makes the distinction starkly prominent and unique. This Ramzan Eid special mehndi design also gives you a neat and classy vibe.

Easy Eid henna ideas
Pinterest

14. Semicircle design with lotus motifs

Semicircle mehndi designs are selling like hot cake in the trend charts for their classy finished look. In this henna look below, the semicircle motif is further bordered by lotus motifs and the equidistant designs give you a clean and neat look.

Semicircle design with lotus motifs
Pinterest

15. Peacock mehndi design front hand

When it comes to royal hand mehndi designs, nothing beats a peacock motif design. In this gorgeous mehndi design below, you can see that along with peacock motifs, there are prominent angular negative lotus motifs splayed across the thumbs.

peacock mehndi design front hand
Pinterest

16. Vertical henna design for Eid

Vertical segmentation in hand mehndi designs gives you a chic look and makes your palm look longer. In this stunning design below you can see the vertical segregation of motifs around the longest finger with a broad band design around the wrist. The negative box henna designs have been done in a way that gives you a flower-type motif.

Vertical henna design for Eid
Pinterest

When it comes to Ramzan Eid special mehndi design, rose motifs are an all-time favourite and in demand. Below you can see a distinct negative rose motif with a vertical segmentation of design around the fingers giving you a break from monotonicity in the patterns.

Rose mehndi design
Pinterest

18. Elephant motif back hand mehndi

Elephant motif mehndi designs for Eid give you a regal look and can be done in several ways. You can have negative henna designs as well as designs like the one shown below. The central circular design is extended on both sides in bands of henna and secured with a wrist design.

Elephant motif back hand mehndi
Pinterest

19. Negative lotus mehndi design

Negative lotus mehndi designs are the talk of the mehndi world for their simple yet chic finish. It is perfect for those who are looking for dark henna stains with minimal effort on motifs. It is less time-consuming and doesn’t burn a hole in your pockets as well.

Negative lotus mehndi design
Pinterest

20. Multimotif Eid special mehndi design

When looking for Eid special mehndi designs, it would be a waste to not mention a multi-motif palm mehndi design which gives you a detailed look with perfect segmentation. Starting from box motifs to lotus motifs, you get the best of everything in the design below.

Multimotif Eid special mehndi design
Pinterest

21. Simple square motif palm mehndi design

Square motifs are somewhat considered unconventional when it comes to mehndi motifs, but if you want to be a head-turner, check out the design below. In these mehndi designs for Eid, the square motif is set in an angular way and the creeper motifs on the expanse of the palm fill up the space with minimal effort. This helps in keeping the design simple and stunning.

Simple square motif palm mehndi design
Pinterest

Hope this list of Eid special mehndi designs has been insightful and presented you with varied options to look into when deciding on the design.



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