Tata Capital IPO Live Updates: After months of anticipation, Tata Capital’s Rs 15,512-crore IPO, the largest issue of the year, opened for subscription on Monday and will close on Wednesday. The grey market premium (GMP) remained subdued at around 2% above the issue price as the IPO opened for bidding. The offer comprises a fresh issue of Rs 6,846 crore and an offer for sale (OFS) of Rs 8,666 crore by promoter Tata Sons, which currently holds a 95.6% stake in the company.
How to Subscribe to Tata Capital IPO: Investors can apply for the Tata Capital IPO online through their respective banks using the ASBA facility or through brokers via UPI. The IPO shares are available exclusively through online applications.
Tata Capital IPO Price Band and Lot Size: The IPO is priced in the range of Rs 310 to Rs 326 per share. The lot size for retail investors is 46 shares, requiring a minimum investment of Rs 14,996 at the upper price band. For small non-institutional investors (sNII), the lot size is 14 lots (644 shares), amounting to Rs 2,09,944, while for big non-institutional investors (bNII), it is 67 lots (3,082 shares), requiring an investment of Rs 10,04,732.
Tata Capital IPO Opening, Closing, and Allotment Dates: The subscription window for the Tata Capital IPO is open from 6th October to 8th October. The Basis of Allotment will be finalised on 9th October (Thursday), and the allotted shares will be credited to investors’ demat accounts by 10th October (Friday).
