Tata Capital IPO Set for October 13 Debut with 0% GMP
Tata Capital’s ₹15,512 crore IPO is scheduled to list on both NSE and BSE on Monday, October 13, following a 1.95 times subscription. The NBFC allotted shares at ₹326 per share on October 9.
Key IPO Details
- Listing Date: October 13 on NSE & BSE
- Issue Price: ₹326 per share
- Issue Size: ₹15,512 crore
- Minimum Investment: ₹14,996 (46 shares)
- GMP: 0% premium
Subscription Breakdown
The IPO saw strong institutional interest with Qualified Institutional Buyers subscribing 3.42 times their allotted portion. Non-Institutional Investors subscribed 1.98 times, while Retail Individual Investors showed moderate interest at 1.10 times.
Market Expectations and Analyst Views
Market observers indicate the grey market premium currently shows 0% listing gains. However, analysts recommend a long-term investment approach for Tata Capital stock rather than expecting immediate listing pops.
About Tata Capital
Tata Capital Limited, the flagship financial services company of the Tata Group, operates as an RBI-identified NBFC-Upper Layer. The company provides retail finance, SME finance, and corporate finance services, ranking as India’s third-largest diversified NBFC by total gross loans.
The company is a subsidiary of Tata Sons Private Limited and represents the Tata group’s comprehensive financial services offering.
