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3h ago

Tata Capital Prices Rs 15,512 Crore IPO, Raises Rs 4,642 Crore From Anchor Investors

The float comes under RBI’s listing mandate for upper‑layer NBFCs, with proceeds earmarked to bolster Tier‑1 capital.

Tata Capital IPO GMP Today
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Overview

  • Public subscription runs Oct. 6–8, allotment is due Oct. 9, demat credit and refunds are slated for Oct. 10, and listing is scheduled for Oct. 13 on BSE and NSE.
  • The offer totals about Rs 15,512 crore in a Rs 310–326 band, comprising a fresh issue of 21 crore shares and an OFS of 26.58 crore shares by Tata Sons and IFC.
  • Anchor placement allotted 14.24 crore shares at Rs 326 to 135 investors, raising Rs 4,642 crore with participation from LIC, ICICI Prudential MF, Nippon India MF, Nomura, Morgan Stanley, Norway’s GPFG and Goldman Sachs.
  • Fresh proceeds will augment Tier‑1 capital for lending growth, with management indicating post‑issue capital adequacy of roughly 22%.
  • Pre‑listing signals include a reported grey‑market premium near Rs 20 per share, which is unofficial, while Tata Investment Corporation jumped up to about 12% ahead of a 1:10 stock split with an Oct. 14 record date.