Particle.news
Download on the App Store
16 ARTICLES
·
2h ago

Tata Capital Locks In Rs 4,642 Crore From Anchors Ahead of Rs 15,512 Crore IPO

A LIC-led anchor allotment signals strong institutional appetite ahead of a capital raise meant to strengthen Tier-1 buffers under the RBI listing mandate for upper-layer NBFCs.

Image
The IPO comprises a fresh issue of 21 crore shares and an offer for sale (OFS) of about 26.6 crore shares
Tata Capital IPO GMP Today
Image

Overview

  • The company allotted 14.24 crore shares at Rs 326 each to 135 anchor investors, with LIC receiving the largest allocation of just over 15% of the anchor book.
  • The offer opens Oct. 6–8 at a price band of Rs 310–326 for a total size of about Rs 15,512 crore, combining a fresh issue of 21 crore shares with an offer for sale of 26.58 crore shares and implying a valuation near Rs 1.38 lakh crore at the top end.
  • Tata Sons will sell up to 23 crore shares and IFC will divest about 3.58 crore shares through the offer-for-sale component.
  • Net proceeds from the fresh issue will augment Tier-1 capital for future lending, with management guiding to capital adequacy of roughly 22% post-issue and highlighting green financing and digital underwriting as growth pillars.
  • Allotment is slated for Oct. 9 with credit/refunds on Oct. 10 and listing on Oct. 13; market signals include a reported grey market premium of around Rs 20 on Oct. 3, which is unofficial and speculative.