Tata Capital IPO opening day: Retail portion subscribed 35%
Retail individual investors portion saw a subscription 35 per cent, with 5.75 crore bids received as against 16.61 crore shares on offer.
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 Ltd Rs 15,512 crore initial public offering (IPO) got subscribed 39 per cent on the first day of the opening of the subscription on Monday, led by higher demand from qualified institutional buyers (QIBs) and retail investors. QIBs placed bids for 4.94 crore shares as against 9.49 crore offered to them, showing a subscription level of 52 per cent. Retail individual investors portion saw a subscription 35 per cent, with 5.75 crore bids received as against 16.61 crore shares on offer.
Non institutional investors (NII) placed bids for 2.04 crore shares compared to 7.12 crore shares offered. Ahead of the opening of the IPO, Tata Capital raised Rs 4,641.8 crore from 135 anchor investors, including Life Insurance Corporation of India, Goldman Sachs and Morgan Stanley.
Share
