The highly anticipated initial public offering (IPO) of Tata Capital Ltd, a subsidiary of Tata Sons Pvt Ltd, saw moderate investor interest and has now concluded. The IPO bidding window was open from October 6 to October 8. The share allotment was finalized on October 9, and Tata Capital is set to be listed on both BSE and NSE on October 13.
Following the allotment, equity shares will be credited to successful applicants’ demat accounts, while refunds for unsuccessful bidders will be processed on October 10. Investors can check their allotment status on the BSE and NSE websites or through the official portal of the IPO registrar, MUFG Intime India Pvt. Ltd.
The company raised ₹15,511.87 crore through this book-built issue, comprising a fresh issue of 21 crore equity shares worth ₹6,846 crore and an offer-for-sale (OFS) of 26.58 crore shares totaling ₹8,665.87 crore. The IPO was priced in the range of ₹310 to ₹326 per share.
As per NSE data, the IPO was subscribed 1.95 times overall, with QIBs subscribing 3.42 times, NIIs 1.98 times, and retail investors 1.10 times. Kotak Mahindra Capital Co. Ltd. acted as the book-running lead manager.
