The announcement was made with Chief Financial Officer Rakesh Bhatia by Tata Capital Limited Managing Director and Chief Executive Officer Rajiv Sabarwal.
Addressing the media, Rajiv Sabarwal said that the price band for IPOs has been fixed between Rs 310 and Rs 326 per equity share. IPO 6 will open for a subscription on October (Monday) and close on 8 October (Wednesday).
The offer includes a total of 45.58 crore equity shares, including a new issue of shares up to 21 million shares and sales of 26.58 crore equity shares by existing shareholders.
IPOs are expected to raise significant capital for Tata Capital’s future growth and expansion plans. More details regarding the size of the issue, quota of investors and the date of the list, are expected to be released shortly in the official prospect.
Speaking on the IPO Offering fur on Rajiv Sabarwal, managing director of Tata Capital Limited, said, “Our equity offering fur will be open from 6th to 8th to 8th. This is done to bring Tata Capital Counts.
“If you look at the industry, our growth in the past few years is more than 25 percent. With this, our credit price has been the lowest in the industry. Prior to the merger of Tata Motor Finance, our credit price has been below 1 percent,” he told ANI.
In addition, he added that the company has created a very elastic model, which performs well in the market in good condition and remains strong even when the market is not favorable, as its portfolio is very diverse with more than 25 products.
“Our products cover all segments including customer loan, housing loan, SME and corporate. About 88-89 percent of our portfolio is in retail and SME segments, and it is well varied. Our loan is below 98 percent of the loan,” he added, “ANI.
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