Tata Capital IPO: What to expect as the stock lists on Monday, latest GMP details here

Tata Capital IPO is set to make its grand debut on NSE and BSE on October 13, following its 1.95 times subscription and share allotment at Rs 326 per share

The Non-Banking Financial Company (NBFC) of the Tata Group, i.e, Tata Capital, is all set to get listed on both NSE and BSE on October 13.

Tata Capital IPO, which was subscribed 1.95 times, allotted the shares to the investors on October 9 for an issue price of Rs 326 per share. With an issue size of Rs 15,512 crore, investors who were interested in the IPO could apply for a minimum lot size of 46 shares for Rs 14,996.

What to expect?

As per various market observers and multiple media reports, the grey market premium of the stock shows a 0 per cent premium on listing.

Stock market analysts, however, suggest a long-term investment strategy for investors who are on the lookout for the stock.

According to information available on the NSE website, Qualified Institutional Buyers subscribed 3.42 times their allotted share, Non Institutional Investors and Retail Individual Investors subscribed for 1.98 times and 1.10 times their allotted shares, respectively.

About the firm:

Tata Capital Limited is the flagship financial services company of the Tata group and a subsidiary of Tata Sons Private Limited, identified by the RBI as a Non-Banking Financial Company-Upper Layer. The company operates across retail finance, SME finance and corporate finance. It is also the third-largest diversified NBFC in India by total gross loans.  

For more information, visit the official website of NSE or BSE. 

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