Tata Capital’s highly anticipated IPO, valued at Rs 15,512 crore, witnessed a strong start as it opened for subscription on Monday, attracting significant investor interest. Within the first hours of subscription, the issue was oversubscribed by 15%, primarily driven by robust demand from Qualified Institutional Buyers (QIBs).
Despite the enthusiastic response from institutional investors, the grey market premium (GMP) for Tata Capital IPO remained relatively modest at 2.3% on the first day, indicating a cautious stance among unlisted market participants.
As of the latest updates, the IPO has been subscribed 0.35 times so far, with the GMP rising to 4%. The subscription window for the IPO will remain open until October 8, marking a significant milestone in the financial market landscape.
Notably, Tata Capital’s IPO is positioned as India’s largest issue of 2025, aiming to raise a substantial sum of Rs 15,511.87 crore. This milestone offering is set to be the biggest IPO since Hyundai Motor India’s Rs 27,859 crore issue last year, underlining the scale and significance of Tata Capital’s public debut.
With the IPO price range set between Rs 310 and Rs 326 per share, Tata Capital’s entry into the public market has garnered immense attention from investors and market observers alike. The company’s strategic move to augment its Tier-I capital base aligns with its future capital requirements, emphasizing financial prudence and regulatory compliance.
Investors are closely monitoring the GMP trends in the grey market, with Tata Capital’s IPO emerging as a focal point for market enthusiasts. The IPO’s strong start and the ongoing subscription momentum reflect a positive sentiment towards Tata Capital’s growth prospects and market positioning.
