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Tata Capital IPO Listing Imminent: Investors Eagerly Await Allotment Status
9 Oct
Summary
- Tata Capital IPO subscription was 1.96 times oversubscribed
- Grey market premium has dropped from Rs 30 to around Rs 3
- Company plans to use IPO proceeds to strengthen capital base
As of October 10, 2025, all eyes are on the Tata Capital IPO allotment, which is expected to be finalized today. The three-day bidding window for the IPO, held from October 6 to October 8, saw strong participation across categories, with the issue being subscribed 1.96 times in total.
Breaking down the subscription details, the Institutional investors (QIBs) portion was subscribed 3.42 times, while the Non-institutional investors (NIIs) and retail investors subscribed 1.98 times and 1.10 times of their respective quotas.
However, the grey market premium (GMP) of Tata Capital has been on a downward slide in recent days. The GMP, which once touched Rs 30 during the initial bidding period, has now cooled to around Rs 3. This suggests that the shares of the company are expected to list near the upper end of the price band of Rs 326.
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Tata Capital's Rs 15,511 crore public issue comprised a fresh issue of 21 crore equity shares and an offer for sale (OFS) of 26.58 crore shares by Tata Sons and the International Finance Corporation (IFC). The company plans to use the proceeds from the fresh issue to strengthen its capital base and meet future funding requirements.
