Tata Capital IPO subscription opens on October 6. Check price band, allotment date and more

Tata Capital IPO Details: This will mark the Tata Group's second public listing in recent years, following the debut of Tata Technologies in November 2023. Tata Capital was designated as an upper-layer NBFC in September 2022.

Tata Capital is expected to make its stock market debut next week.Tata Capital on Friday collected Rs 4,642 crore from 68 domestic and global institutional investors, with the anchor book witnessing demand nearly five times higher than the allocated amount.

Tata Capital IPO, Tata Capital IPO Subscription: The three-day subscription of initial public offering (IPO) for Tata Capital Limited will open on Monday, October 6. The Tata Capital IPO subscription will conclude on Wednesday, October 8. The company has collected Rs 4,642 crore from 68 domestic and global institutional investors, with the anchor book witnessing demand nearly five times higher than the allocated amount, reports PTI.

Tata Capital IPO Price Band

Tata Capital has set a price band of Rs 310 to Rs 326 a share.

Tata Capital IPO Registrar

MUFG Intime India Private Limited is the registrar for the Tata Capital IPO.

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Tata Capital IPO Face Value

The face value of Tata Capital IPO is Rs 10 per equity share.

Tata Capital IPO Tick Size

The tick size of Tata Capital IPO is Re 1.

Tata Capital IPO Allotment Date

The Tata Capital IPO is likely to be finalised on October 9.

Tata Capital IPO Listing Date

According to the details available, Tata Capital shares are proposed to be listed on NSE and BSE. The listing is expected to take place on October 13.

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Tata Capital IPO Book Running Lead Managers

Kotak Mahindra Capital Company Limited, Axis Capital Limited, BNP Paribas, Citigroup Global Markets India Private Limited, HDFC Bank Limited, HSBC Securities and Capital Markets (India) Private Limited, ICICI Securities Limited IIFL Capital Services Limited (formerly known as IIFL Securities Limited), J.P. Morgan India Private Limited and SBI Capital Markets Limited are the book running lead managers of Tata Capital IPO.

Tata Capital IPO Sponsor Bank

ICICI Bank Limited and HDFC Bank Limited are the sponsor banks for the Tata Capital IPO.

About Tata Capital IPO

According to PTI, Tata Capital, the financial services arm of Tata Group, had earlier filed draft papers in April through the confidential pre-filing route and secured approval from market regulator Sebi in July. This will mark the Tata Group’s second public listing in recent years, following the debut of Tata Technologies in November 2023. Tata Capital was designated as an upper-layer NBFC in September 2022.

(With inputs from PTI)

Anish Mondal is a business journalist with over nine years of experience. He writes on diverse subjects such as Infrastructure, Railways, Roadways, Aviation, Politics, Market, Parliamentary affairs, Corporate earnings, General and International news etc. ... Read More

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