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2h ago

Tata Capital To List Today As Grey Market Signals Flat Debut

The Rs 15,511.87 crore offering drew 1.95x subscription, with proceeds earmarked to reinforce the NBFC’s Tier-I capital.

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Tata Capital Share Price, IPO GMP, Listing Live Updates: Tata Capital is a diversified financial services company and a subsidiary of Tata Sons.

Overview

  • Shares are set to debut on the BSE and NSE on October 13 after allotment on October 9 and refunds and crediting on October 10.
  • The price band was Rs 310–326 per share, and the latest grey market premium hovered near Rs 0, an unofficial signal of a likely flat opening.
  • The issue comprised a Rs 6,846 crore fresh share sale of about 21 crore shares and an Rs 8,665.87 crore offer for sale of about 26.58 crore shares.
  • Overall bids were 1.95–1.96 times the offer, with QIBs at 3.42x, NIIs at 1.98x, retail at 1.1x, and employees at 2.92x.
  • Analysts caution on asset-quality strain from the TMFL acquisition, possible pressure on credit ratings, and heightened technology and cybersecurity risks.