Overview

• The offering includes up to 21 crore new shares and up to 26.58 crore shares via an offer-for-sale, totaling 47.58 crore shares as stated in the RHP.
• The book-building window runs from October 6 to October 8, with the price band and anchor allocations to be announced before the launch.
• The Reserve Bank of India granted a short extension after a September 30 deadline tied to listings for upper-layer NBFCs.
• Proceeds from the fresh issue will augment Tier-1 capital to support lending growth, and the company may later tap qualified institutional investors if needed.
• After absorbing Tata Motors Finance, credit cost rose to 1.4% from 0.9% as AUM reached about Rs 2.2 trillion, and recent roadshows indicated healthy investor interest.