Tata Capital IPO gets subscribed 1.8 times on Day 3 of bidding, latest GMP details

Tata Capital IPO witnessed significant oversubscription by 1.8 times on its final day of bidding, with strong participation across all investor categories

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On the last day of public bidding, the Tata Capital IPO was oversubscribed by 1.8 times, according to official data. 

The initial public offering of Tata Capital, which was open on October 6, saw 3 days of bidding that ended on October 8. 

With an issue size of Rs 15,512 crore, investors interested in the IPO could apply for a minimum lot size of 46 shares for Rs 14,996. The price band for Tata Capital IPO is set at Rs 310-326. 

After the last day of bidding, Qualified Institutional Buyers subscribed 306 per cent of their share. Meanwhile, Non-Institutional Investor and Retail Individual Investor subscribed 187 per cent and 104 per cent, respectively. 

Investors can check their allotment status on the website of the registrar of the IPO on October 9. The shares are scheduled to be listed on both the NSE and the BSE on October 13. 

According to multiple media reports and business analysts, Tata Capital IPO grey market premium (GMP) was 2.14% over the IPO price. 

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.  

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