Tata Capital IPO: Subscribe issue on 1 day so far. Check GMP and other key details

Tata Capital Rs. 15,512 crore IPOs, which are one of the largest public issues of the year, have been opened today for subscription. In the early hours of the bid, the issue was subscribed to 17%, with a bid for 5.58 crore shares against the total offer fur of 33.34 crore shares. The IPO will be open for three days and will close on Wednesday.

The Gray Market Premium (GMP) is currently muted, which is 3% of the issue price. In IPO, Rs. , A new issue of Rs 8486 crore and promoter Tata Sons Rs. , Sales of 6666 crore sales (OFS), which currently holds.695..6% of the company.

Tata Capital IPO Subscription Status – Day 1 Update

On the first day of the bid, at 11:10 am, Tata Capital’s 15,512 crore IPO was subscribed to 17% overall.

Retail Personal Investors (RIIS): Subscribe 13% against a share of 16.61 crore reserves for this category. Non-Institutional Investors (NIIS): Subscribe to 9% of 7.11 crore allotted to them.

Qualified Institutional Byers (QIBS): Subscribe 29% of their quota of 9.49 million shares. The IPO is open to bid for three days and will close on Wednesday. Early subscription statistics suggest the interest of careful investors, especially in the institutional segment.

Tata Capital IPO GMP Today:

The Gray Market Premium (GMP) for the IPO of Tata Capital is overwhelming, which is currently Rs. The issue of 326 trades at Rs 10-11 at the price. This points to a potential list price of about Rs 337, indicating a modest premium of about %.

The mute GMP reflects a cautious spirit in the gray market, showing that significant list benefits cannot be guaranteed at this time.

Strong anchor investors’ participation

In front of its IPO projection, Tata Capital successfully raised Rs 4,642 crore from anchor investors, including leading domestic and global funds. India’s Life Insurance Corporation (LIC) has emerged as the largest single investor, which has gained 2.15 crore shares worth around Rs 700 crore.

Other significant allocation went to asset managers like Large Mutual Funds and ICICI Prudential, HDFC Mutual Fund, Aditya Birla Sun Life, DSP, Axis, Kotak and Nippan Life AMC. Among international investors, significant participants include Morgan Stanley, Goldum Sachs SSS SHS, Nomura and Norway Sovereign Property Funds, Government Pension Fund Global.

Tata Capital IPO Price band

The IPO price band is set between 310 and 326 rupees per share, with a minimum of 46 shares bid lot size, which translates to the upper price limit to about Rs 14,996.

One of India’s most anticipated NBFC list

Tata Capital, a subsidiary of Tata Sons, serves as Tata Group’s main financial services company. It offers a wide range of services including retail, SME and corporate loan, wealth management, investment banking and third-party financial production distribution.

As of June 2025, Tata Capital registered a total assets of Rs 2.52 lakh crore and after Bajaj Finance and Shriram Finance, the third largest diverse NBFC in India had a total loan of 2.33 lakh crore. The company consists of only 2.1%of the total non-performing asset (NPA) ratio, which is the lowest in this area. Its extended network covers 1,516 branches in 27 states and union regions.

Evaluation and should you subscribe?

At the upper end of the price band, Tata Capital is worth about 1.1 times its fiscal year 25 book value and Times are 33 times the financial year, slightly lower than the industry’s average.

Analysts find that IPO prices provide a fair side of potential for long -term investors. Senior VP of Mehta Equities (Research), Prashant Tapas noted, “Given the current market spirit, the management of Tata Capital has kept the IPO at a little bit of industry average, providing good space for a healthy list benefit.”

Tier-I will strengthen capital, supporting the company’s future credit growth, the new issue income. Between the financial year 23 and the financial year 25, Tata Capital’s revenue increased by 56%, while the profitability of the tax increased by 10% to Rs. 3,655 crore.

With its strong balance sheet, a varied credit portfolio and support from the Tata group, most brokerage recommends a “subscribed” rating on IPOs. Investors will closely look at whether this mega issue can mimic the success of the blockbuster IPO of Tata Technologies last year.

Brokerage Views:

Aditya Birla Money: “On the high price band, the IPO is valued at 4.5x P/B pre-issue and 1.1X Post-Issue (FY 25 BVPS). We recommend a ‘subscribe for long-term’.”

Anand Rathi Research: “On a band of high prices, the company’s value is with a post-issue market cap of Rs 13,83,827 million, based on earnings of P/P/B of 3.5x.

Canara Bank Securities: “Price of 4x FY 25P/B corresponding to Pears. Tata Motors is expected to normalize integration effects from Finance, supported by AAA ratings and a strong funding profile. Positive macro factors such as India’s economic development and digital adoption, regulatory changes, and interest rates.

Tata Capital IPO Allocation and List Dates

Stock is expected to list on BSE and NSE on October 13, while shares will be finalized on October 9.

(Connection: The recommendations, suggestions, opinions and opinions provided by experts have their own. This does not represent opinions of economic time)