The highly anticipated initial public offering (IPO) of Tata Capital Ltd, a Tata Sons subsidiary, attracted fair interest from investors. The subscription window was open from October 6 to 8, and the IPO allotment was finalized on October 9. Tata Capital shares are set to list on October 13 on both the BSE and NSE. With the allotment completed, equity shares will be credited to successful bidders’ demat accounts, while refunds for unsuccessful applicants will be processed on October 10. Investors can check the allotment status via the BSE, NSE, or the IPO registrar’s website—MUFG Intime India Pvt. Ltd.
As per market trends, Tata Capital’s grey market premium (GMP) stands at ₹7 per share, indicating a likely listing price of ₹333—just 2.15% above the issue price of ₹326.
Tata Capital raised ₹15,511.87 crore through the IPO, which included a fresh issue of ₹6,846 crore and an offer-for-sale (OFS) worth ₹8,665.87 crore. The price band was set at ₹310–₹326. The IPO was subscribed 1.95 times overall, with QIBs leading at 3.42 times, NIIs at 1.98 times, and retail investors at 1.10 times.