Home / Business and Economy / Tata Capital IPO Pricing Revealed: Retail Investors Offered Limited Lots
Tata Capital IPO Pricing Revealed: Retail Investors Offered Limited Lots
8 Oct
Summary
- Tata Capital sets IPO price band at ₹310-326 per share
- Retail investors can bid for a maximum of 13 lots (598 shares)
- Tata Capital's valuation at upper end of price band stands at ₹1.38 lakh crore
Tata Capital, the financial services arm of the Tata Group, has revealed the pricing details for its highly anticipated initial public offering (IPO). The company has set the price band for the IPO at ₹310 to ₹326 per share.
According to the details, a retail investor can bid for a maximum of 13 lots, equivalent to 598 shares, which at the upper end of the price band (₹326) would amount to ₹1,94,948. This suggests that Tata Capital is offering limited lots to retail investors, likely to ensure a fair allocation.
Interestingly, at the upper end of the price band, Tata Capital's valuation stands at a staggering ₹1.38 lakh crore, underscoring the market's high expectations for the company's growth potential.
