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1h ago

Tata Capital Sets Oct. 6–8 IPO Window for Rs 17,200 Crore Offering

The float responds to an RBI listing mandate with proceeds from new shares aimed at strengthening Tier-1 capital.

Tata Capital IPO
Tata Capital IPO

Overview

  • The issue totals 47.58 crore shares, comprising a fresh issue of 21.00 crore shares and an offer for sale of 26.58 crore shares.
  • Selling shareholders in the OFS include Tata Sons at about 23 crore shares and IFC at 3.58 crore shares.
  • The company is targeting a valuation near $18 billion, according to recent reporting.
  • Price band and lot size are yet to be announced, with allotment indicated for October 9 and trading expected by October 13 on BSE and NSE.
  • Gray market quotes suggest a Rs 20.5 premium per Investorgain, a non-official indicator that can change.