Shares of Tata Capital Limited made a modest debut on Monday, October 13, listing at Rs 330 per share on the NSE, marking a premium of Rs 4 or 1.23% over its issue price of Rs 326.
The Tata Group company’s Rs 15,511.87 crore IPO had received a steady response from investors, being subscribed 1.95 times in total, according to NSE data. The Retail Individual Investors (RIIs) portion was subscribed 1.10 times, the Non-Institutional Investors (NII) segment 1.98 times, and the Qualified Institutional Buyers (QIBs) category 3.42 times.
The IPO opened on October 6 and closed on October 8, with the allotment finalized on October 9. The issue comprised a fresh issue of 21 crore equity shares worth Rs 6,846 crore, and an offer-for-sale (OFS) of 26.58 crore shares aggregating Rs 8,665.87 crore.
The price band was set between Rs 310 and Rs 326 per share, and Kotak Mahindra Capital Co. Ltd. acted as the book-running lead manager, while MUFG Intime India Pvt. Ltd. served as the registrar.
Tata Capital shares are listed on both the BSE and NSE. The company’s solid debut reflects investor confidence in the Tata Group’s financial arm, which has a diversified presence across retail, corporate, and wealth management segments.
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