The share is currently trading around RS 795 in the non -recorded market, a decrease in RS 865 a month ago and 27.4% below the peak of October 2024 of RS 1,095, according to Unlistedzone.
IPO -Investor and structure
The Financial Services Arm from Tata Group is on a roadshow for investors for planned stock sales, reported Ethnow on Thursday, referring to sources. The offer will include approximately 210 million new shares and 266 million shares offered by existing investors. Tata Sons, who owns 88.6% of Tata Capital, intends to load 230 million shares, while International Finance Corporation will deliver 35.8 million shares of its 1.8% ownership.
Earlier this month, the company submitted updated draft papers for a maximum of 47.58 shares in equity. The submission described a new edition of 21 Crore shares and an offer for sale of 26.58 Crore shares, according to the Red Herring Prospectus design.
One of the largest financial entries of India
If completed, the offer would be one of the largest ever in the financial sector of India and the second of the Tata Group in recent years, after the debut of Tata Technologies in November 2023. Tata Capital was classified in this category in September 2022.
Winning momentum
For the quarter of June, Tata Capital reported consolidated net profit of RS 1.040.93 Crore, more than double the RS 472.21 Crore a year earlier. The total income rose to RS 7,691.65 Crore during the quarter of RS 6,557.40 Crore.
A wide syndicate of benches manages the issue, including Axis Capital, Kotak Mahindra Capital, BNP Paribas, HDFC Bank, HSBC Securities and Capital Markets (India), Citigroup Global Markets India, Icici Securities, IIFL CAPITAL SERVICES.
Read also | Tata Capital to launch $ 2 billion IPO prior to 30 September RBI Deadline: report
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