Market Performance
The momentum around the Tata Capital IPO continues to build as the issue entered its second day of bidding on October 7, drawing steady participation across investor categories.
By the afternoon session, the IPO had received 46% overall subscription, indicating healthy interest from institutional and retail investors alike — a sign that the issue is gaining solid traction in the stock market today.
According to data from the National Stock Exchange (NSE), the IPO received bids for 15.27 crore shares against the total issue size of 33.34 crore shares.
The demand breakdown reveals a balanced mix of participation:
- Qualified Institutional Buyers (QIBs): 52% subscribed
- Retail Individual Investors (RIIs): 45% subscribed
- Non-Institutional Investors (NIIs): 38% subscribed
- Employee quota: 137% subscribed
Such early momentum in subscriptions highlights the strong brand trust Tata Capital commands among investors, both institutional and retail.
Main News
Tata Capital’s IPO opened to a positive start on October 4, backed by strong anchor investor participation.
A day prior to the issue opening, the company raised ₹4,642 crore from 68 domestic and global institutional investors through its anchor book — which saw bids nearly five times higher than the shares on offer.
This strong response set a confident tone for the IPO launch, as it becomes one of the most awaited listings in the financial sector this year.
Tata Capital IPO Details
The ₹15,512 crore public issue will close for subscription on October 8 and is priced between ₹310 and ₹326 per share.
At the upper end of the price band, Tata Capital commands a valuation of approximately ₹1.38 lakh crore — underscoring its scale and market standing as one of India’s leading non-banking financial companies (NBFCs).
The issue comprises 47.58 crore shares in total, split between:
- Fresh Issue: 21 crore equity shares
- Offer for Sale (OFS): 26.58 crore equity shares
Under the OFS segment:
- Tata Sons will sell 23 crore shares
- International Finance Corporation (IFC) will offload 3.58 crore shares
Currently, Tata Sons holds 88.6% stake in Tata Capital, while IFC owns 1.8%.
Purpose of the Issue
The company plans to utilize the IPO proceeds to strengthen its Tier-1 capital base, which will help meet future capital requirements, including onward lending to customers.
This strategic capital infusion is designed to enhance Tata Capital’s lending capacity and support its business growth in line with regulatory norms.
Company Background
Tata Capital, part of the Tata Group’s financial arm, serves as a diversified NBFC with a presence across consumer and corporate lending segments.
It offers more than 25 lending products, catering to a wide customer base that includes salaried professionals, entrepreneurs, small businesses, and large corporates.
Beyond traditional lending, Tata Capital also distributes insurance and credit card products, provides wealth management services, and acts as a sponsor and investment manager for private equity funds — making it one of the most diversified players in India’s financial ecosystem.
Regulatory and Strategic Context
The listing of Tata Capital aligns with the Reserve Bank of India’s (RBI) mandate for upper-layer NBFCs, which requires such entities to be listed within three years of classification.
Tata Capital was identified as an upper-layer NBFC in September 2022, setting this IPO in motion as part of compliance and long-term growth planning.
Once listed, this will mark the second public debut by the Tata Group in recent years, following the successful listing of Tata Technologies in November 2023 — a move that had captured strong investor interest at the time.
Stock Market Debut
The Tata Capital IPO is scheduled to make its stock market debut on October 13, marking another major milestone for the Tata Group’s financial arm.
Given the company’s established brand, diversified lending portfolio, and strategic compliance with RBI’s guidelines, the market is closely watching this issue’s trajectory as it progresses through its final bidding day.
Summary
In the stock market today, the Tata Capital IPO stands out as one of the most actively tracked public issues of the year.
With 46% overall subscription on Day 2, a ₹15,512 crore issue size, and a robust anchor book of ₹4,642 crore, investor enthusiasm remains strong across categories.
The company’s focus on strengthening its capital base, coupled with Tata Group’s trusted legacy and diversified NBFC operations, continues to attract attention from both institutional and retail investors.
As the IPO nears its close, Tata Capital’s public issue reflects not just a significant listing event, but also a milestone moment in India’s evolving financial services landscape.
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