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2h ago

Tata Capital Sets ₹310–₹326 Price Band for ₹15,512 Crore IPO Opening Oct. 6

The offering supports RBI’s upper‑layer NBFC listing mandate by adding Tier‑1 capital for growth.

Tata Capital IPO GMP
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Tata Capital IPO

Overview

  • The sale comprises 47.58 crore shares, including a fresh issue of 21.00 crore shares and an offer for sale of 26.58 crore shares with Tata Sons selling about 23 crore and IFC 3.58 crore.
  • At the band, Tata Capital is valued at roughly ₹1.32–₹1.38 lakh crore, with a retail lot size of 46 shares.
  • Key dates include anchor bidding on Oct. 3, public subscription from Oct. 6–8, allotment on Oct. 9, and a targeted listing on BSE and NSE on Oct. 13.
  • Grey‑market trackers indicate an unofficial premium of about ₹20–₹29 per share, signalling modest expected listing gains that are not guaranteed.
  • The final issue size is below earlier expectations and the pricing sits well under recent unlisted trades, while CEO Rajiv Sabharwal notes RBI norms accelerated the timing of the IPO.