Tata Capital IPO: India's biggest issue of 2025 is fully subscribed

Tata Capital Ltd.'s initial public offering (IPO) has been fully subscribed on the third and final day of its subscription on Wednesday, October 8.

Of the 33.34 crore shares on offer, investors have bid for 33.64 crore shares, so far.

The portion reserved for retail investors is subscribed 84% so far, with bids being placed for 14 crore shares, compared to the 16.61 crore shares allocated to them. Retail investors could bid for a lot of 46 shares with a minimum investment of ₹14,996 and then bid in multiples thereafter.

The portion reserved for Non-institutional investors (NIIs) has been fully subscribed, with bids being placed for 7.98 crore shares, compared to the 7.11 crore shares on offer.

Qualified institutional buyers (QIBs) have fully subscribed to the number of shares reserved for them as well, by bidding for11.38 crore shares of the 9.49 crore shares allotted.

In the unlisted markets, Tata Capital shares are trading with a grey market premium (GMP) of ₹7 per share. However, it must be noted that these rates are speculative and that the original listing price may differ from these levels.

The issue is a mix of a fresh issue of equity worth ₹6,846 crore and an Offer for Sale (OFS) from promoters Tata Sons and Finance Corporation (IFC), worth ₹8,665 crore.

Tata Capital has fixed the price band of its IPO to be between ₹310 to ₹326 per share.

The shares will be allotted on October 9 and will be listed on the stock exchanges on Monday, October 13.

Ahead of the IPO, Tata Capital had issued shares worth ₹4,642 crore to 68 anchor investors, which included Life Insurance Corporation of India (LIC), Goldman Sachs, Nomura, Morgan Stanley, among others.

Also Read: LG Electronics India IPO GMP rises to ₹300 as retail, NII portion see full subscription