Tata Capital Ltd, a subsidiary of Tata Sons Pvt Ltd, recently concluded its highly anticipated initial public offering (IPO), receiving moderate interest from investors. The IPO bidding took place from October 6 to October 8. The share allotment was finalized on October 9, and the listing is scheduled for October 13 on both BSE and NSE.
Following the allotment, shares will be credited to investors’ demat accounts, and refunds to unsuccessful applicants will begin on October 10. Investors can check their allotment status via the official websites of BSE, NSE, or the IPO registrar, MUFG Intime India Pvt. Ltd.
In the grey market, Tata Capital shares are currently trading at a premium of ₹7 over the issue price, indicating an expected listing price of ₹333 per share—a 2.15% gain over the ₹326 upper price band.
The IPO raised ₹15,511.87 crore through a mix of fresh issuance worth ₹6,846 crore and an offer-for-sale (OFS) component of ₹8,665.87 crore. The public issue was subscribed 1.95 times overall, with QIBs subscribing 3.42 times, NIIs 1.98 times, and retail investors 1.10 times. Kotak Mahindra Capital was the lead book manager.
