The finalization of the share allotment for Tata Capital’s Initial Public Offering (IPO), the largest public issue of 2025 to date, is scheduled for today, October 9th. Following a satisfactory but slightly lower-than-anticipated response from investors, the bidding for the IPO concluded on Wednesday.
The Tata Capital IPO, which commenced bidding on October 6th, garnered notable interest from institutional investors, with retail participation at a moderate level. Overall, the IPO was oversubscribed by 1.96 times. Subscription details reveal that it was oversubscribed 1.10 times in the retail category, 3.42 times in the Qualified Institutional Buyers (QIB) category (excluding anchor investors), and 1.98 times in the Non-Institutional Investor (NII) category.
Investors who applied for the Tata Capital IPO can check their allotment status online through the BSE website or MUFG Intime India Private Limited’s platform. The IPO had a price range of Rs 310 to Rs 326 per share, with a total issue size of Rs 15,511.87 crore.
The grey market premium (GMP) for Tata Capital has experienced a slight decrease in recent days, with a GMP of Rs 3.5 as of October 9th, indicating an estimated listing price of around Rs 329.5 per share. The IPO is anticipated to be listed on both the BSE and NSE on October 13, 2025.
Analysts suggest that while short-term gains may be modest, Tata Capital’s strong fundamentals and position in the financial services sector make it a compelling long-term investment. The muted grey market response implies a stable listing rather than an extraordinary one.