Tata Capital IPO: Issue has so far subscribed 17% to day 1. Check GMP and other important details

Tata Capital’s RS 15,512-Crore IPO, one of the largest public issues of the year, is open today for subscription. In the first hour of bidding, the issue was subscribed to 17%, with bids received for 5.58 Crore shares against the total range of 33.34 Crore shares. The IPO will remain open for three days and closes on Wednesday.

The Gray Market Premium (GMP) is currently filled in and floats around 3% above the issue price. The IPO contains a new number of RS 6,846 Crore and an offer for sale (OFS) worth RS 8,666 crore by promoter Tata Sons, who currently has a 95.6% interest in the company.

Tata Capital IPO subscription status – Update day 1

On the first day of bidding, from 11:10 am, the RS 15,512-crore-ipo of Tata Capital was subscribed by 17% in general. Retail Individual investors (Riis): Subscribed 13% against the 16.61 crore shares reserved for this category. Non-institutional investors (NIIS): Subscribed 9% of the 7.11 crore shares that have been assigned to them.

Qualified institutional buyers (QIBS): subscribed 29% of their quota of 9.49 crore shares. The IPO is open to offering three days and will close on Wednesday. The early subscription figures suggest cautious investor interest, especially in the institutional segment.

Tata Capital IPO GMP today:

The Gray Market Premium (GMP) for the Tata Capital IPO remains modest, currently trading at around RS 10-11 above the issue price of RS 326 per share. This indicates a potential listing price of approximately RS 337, which implies a modest premium of almost 3%. The muted GMP reflects for a careful sentiment on the gray market, indicating that significant quotation profits may not be insured at the moment.

Strong Anker Investment Participation

Prior to his IPO launch, Tata Capital has successfully collected RS 4,642 Crore from Anker investors, including prominent domestic and global funds. Life Insurance Corporation (LIC) from India emerged as the largest single investor and acquires 2.15 crore shares with a value of almost RS 700 Crore.

Other important allocations went to important investment funds and asset managers such as Icici Prudential, HDFC Mutual Fund, Aditya Birla Sun Life, DSP, Axis, Kotak and Nippon Life AMC. Among international investors were remarkable participants Morgan Stanley, Goldman Sachs, Nomura and Sovereine Wealth Fund from Norway, the Government Pension Fund Global.

Tata Capital IPO Price Band

The IPO prize band is set between RS 310 and RS 326 per share, with a minimum bid plot size of 46 shares, which translates to approximately RS 14,996 at the upper price limit.

One of the most expected NBFC statements of India

Tata Capital, a subsidiary of Tata Sons, acts as the Financial Services company company of the Tata Group. It offers an extensive range of services, including retail, SME and company loans, asset management, investment banking and distribution distribution of third parties.

From June 2025, Tata Capital reported total assets of RS 2.52 Lakh Crore and gross loans intended to RS 2.33 Lakh Crore, who positioned it as the second largest diversified NBFC in India Na Bajaj Finance and Shryram Finance. The company has a gross non -performing asset (NPA) ratio of only 2.1%, one of the lowest in the sector. The extensive network comprises 1,516 branches in 27 states and trade union areas.

Appreciation and do you have to subscribe?

At the top of the price band, Tata Capital is appreciated at around 4.1 times his FY25 book value and 33 times FY25 income, which is slightly below the sectoral average.

Analysts believe that the IPO prizes offers a reasonably upward potential for long-term investors. Prashanth Tapse, Senior VP (research) at Mehta Equities, noted: “Given the current market sentiment, the management of Tata Capital has wisely priced the IPO under the industrial average, which offers a good space for a healthy list profit.”

The new issue of the problem will strengthen Tier-I capital, to support the future credit growth of the company. Between FY23 and FY25, Tata Capital’s turnover increased by 56%, while the profit after the load grew by 10% to RS 3,655 Crore.

With its strong balance, diversified credit portfolio and support from the Tata group, most brokers recommend a “subscribe” rating on the IPO. Investors will keep a close eye on to see if this mega problem can replicate the success of the blockbuster IPO from TATA Technologies last year.

Brokerage -Views:

Aditya Birla Money: “At the upper price band, the IPO is valued at 4.5x p/b pre-issue and 4.1x post-issue (FY25 BVPS). We recommend a ‘Subscribe to long-term’ position.”

Anand Rathi Research: “In the upper price band, the company is valued on a p/e of 32.3x and p/b of 3.5x based on FY25 income, with a market capitalization after the RS 13.83.827 million edition.

Canara Bank Securities: “Priced on 4x FY25 p/B, in accordance with colleagues. Integration effects of TATA Motors Finance are expected to normalize, supported by AAA assessments and a strong financing profile and a strong financing profile. Positive macro-factors such as the economic growth of India and the Digitale Adoptie, Adoption, Priority Adoption, interest rate and competition.

Tata Capital IPO allocation and list dates

The shares are expected to be mentioned on BSE and NSE on 13 October, while the allocation of shares will be completed on October 9.

((Indemnification: Recommendations, suggestions, views and opinions of the experts are their own. These do not represent the views of economic times)