
The initial public offering (IPO) of Tata Capital Ltd saw a healthy response from investors. With the bidding process now complete, the company has finalised the share allotment for applicants. Tata Capital the diversified financial services arm of Tata Sons Pvt Ltd.
The Tata Capital IPO was open for subscription between October 6 and October 8. The company’s shares are set to debut on the BSE and NSE on October 13.
Following the finalisation of the allotment, equity shares will be credited to the successful bidders’ demat accounts, while refunds for unallocated investors will be processed on Friday, October 10.
Investors can now check their Tata Capital IPO allotment status through the official websites of BSE, NSE, or the registrar MUFG Intime India Pvt Ltd.
To check allotment status on Bombay Stock Exchange (BSE), investors can follow these steps:
To check the allotment status on the National Stock Exchange (NSE), investors can follow these steps:
To check allotment status on the MUFG Intime India website (Registrar), investors need to follow the steps mentioned below:
The public issue was available for subscription from October 6 to October 8, with allotment on October 9 and listing on October 13. Tata Capital shares will be listed on both BSE and NSE.
The Tata Group company raised ₹15,511.87 crore through the book-built issue. This included a fresh issue of 21 crore shares worth ₹6,846 crore and an offer for sale (OFS) of 26.58 crore shares valued at ₹8,665.87 crore by existing promoters Tata Sons and IFC. The IPO’s price band was set at ₹310–₹326 per share.
As per NSE data, the issue was subscribed 1.95 times in total. The retail investor category saw a subscription of 1.10 times, non-institutional investors (NIIs) 1.98 times, and qualified institutional buyers (QIBs) 3.42 times.