Tata Capital Shares Open Weakly, List at Just 1.2% Premium

 

Shares of Tata Capital made a subdued debut on Monday, listing at Rs 330 on both BSE and NSE, representing a 1.2% premium over the IPO’s upper price band of Rs 326.

 

The ₹15,512-crore IPO was fully subscribed 1.95 times, driven primarily by Qualified Institutional Buyers (QIBs). The Retail Individual Investors (RIIs) portion saw 1.10 times subscription, while the Non-Institutional Investors (NIIs) segment was subscribed 1.98 times over the three-day bidding period. QIBs alone booked shares 3.42 times their allocation.

 

The IPO price band was set between Rs 310 and Rs 326, about 56% lower than Tata Capital’s unlisted share price. The minimum application required a lot of 46 shares, costing around Rs 14,996 at the upper limit.

 

Proceeds from the IPO will strengthen Tata Capital’s Tier-I capital base, enhancing its lending capacity and supporting future growth. Between FY23 and FY25, the company posted a 56% increase in revenue and a 10% rise in profit after tax, which stood at Rs 3,655 crore, highlighting steady operational performance.