Tata Capital IPO: A Comprehensive Guide for Indian Investors
The Tata Capital initial public offering (IPO) has opened for subscription, and investors are eagerly awaiting the opportunity to invest in this prominent financial services company. In this article, we will provide you with the latest updates on the Tata Capital IPO, including the day two grey market premium (GMP), subscription status, and listing details.
Tata Capital IPO: Key Details
The Tata Capital IPO aims to raise over Rs 15,000 crore, comprising a fresh issue of up to 21 crore equity shares aggregating up to Rs 6,846 crore. The price band for the issue is set at Rs 310-326 per share.
The IPO also has an offer for sale (OFS) component of up to 26.6 crore equity shares worth Rs 8,665 crore. Promoter group Tata Sons will divest up to 23 crore shares, while International Finance Corporation (IFC) will sell up to 3.6 crore shares through the OFS route.
Tata Capital IPO: Day Two GMP and Subscription Status
As of October 7, the GMP for the Tata Capital IPO stood at Rs 12.5, indicating a listing price of Rs 338.5 apiece at a premium of 3.83% on the upper limit of the price band. Please note that GMP does not represent official data and is based on speculation.
The subscription status for the IPO will be updated regularly, and investors can check the latest subscription status on our website.
Tata Capital IPO: Book-Running Lead Managers and Registrar
The book-running lead managers for the IPO include Kotak Mahindra Capital Company Ltd., Axis Capital Ltd., BNP Paribas, Citigroup Global Markets India Pvt Ltd., HDFC Bank Ltd., HSBC Securities and Capital Markets (India) Private Ltd., ICICI Securities Ltd., IIFL Capital Services Ltd., J.P. Morgan India Private Ltd., and SBI Capital Markets Ltd. MUFG Intime India Pvt Ltd. is the registrar for the issue.
Tata Capital IPO: Lot Size, Minimum Investment, and Allotment Details
The lot size for an application is 46 shares, meaning the minimum amount of investment required by a retail investor is Rs 14,996 based on the upper price band.
The allotment of shares to IPO investors will be finalized tentatively on October 9, and the credit to the demat account will be done on October 10. Tata Capital will list on the BSE and NSE on October 13.
Tata Capital IPO: Important Dates
Here are the important dates to keep in mind for the Tata Capital IPO:
- Open date: October 6
- Close date: October 8
- Price Band: Rs 310-326 per share
- Allotment date: October 9
- Listing date: October 13
- IPO size: Rs 15,511 crore
- Fresh issue: Rs 6,846 crore
- OFS: Rs 8,665 crore
- Minimum bid: Lot size of 46 shares
Tata Capital IPO: How to Invest
To invest in the Tata Capital IPO, you can follow these steps:
- Open a demat account with a registered broker, such as Zerodha or Upstox.
- Log in to your demat account and navigate to the IPO section.
- Search for the Tata Capital IPO and click on the ‘Apply’ button.
- Enter the number of lots you wish to apply for and confirm your bid.
- Pay the application amount using a payment gateway or UPI.
Tata Capital IPO: Conclusion
The Tata Capital IPO is a highly anticipated issue, and investors are eager to invest in this prominent financial services company. With a strong track record and a diversified business portfolio, Tata Capital is well-positioned for growth in the coming years.
We hope this article has provided you with the latest updates on the Tata Capital IPO, including the day two GMP, subscription status, and listing details. For more information on IPO news in India and stock market updates, please visit our website regularly.
