Tata Capital Launches IPO: Aims to Raise Over ₹15,000 Crore
Tata Capital has launched its Initial Public Offering (IPO) with a target to raise ₹15,511 crore. The IPO consists of a fresh issue of up to 21 crore equity shares (₹6,846 crore) and an offer for sale of up to 26.6 crore shares (₹8,665 crore). The price band is set at ₹310-₹326 per share with a lot size of 46 shares. Tata Sons and International Finance Corporation are participating in the offer for sale. The company has already raised ₹4,641 crore from anchor investors. Share allotment is scheduled for October 9, with listing on BSE and NSE set for October 13. The grey market shows a premium of ₹7.50, indicating a potential listing price of ₹333.50 per share.
*this image is generated using AI for illustrative purposes only.
Tata Capital, a prominent financial services company under the Tata Group, has launched its Initial Public Offering (IPO), marking a significant event in the Indian capital markets. The IPO, which opened for subscription recently, has set an ambitious target to raise more than ₹15,000 crore.
IPO Details
| Particulars | Details |
|---|---|
| Price Band | ₹310 - ₹326 per share |
| Lot Size | 46 shares |
| Minimum Investment | ₹14,996 |
| Fresh Issue | Up to 21 crore equity shares (₹6,846 crore) |
| Offer for Sale | Up to 26.6 crore shares (₹8,665 crore) |
| Total Offer Size | ₹15,511 crore |
Offer Structure
The IPO comprises two components:
- Fresh Issue: Tata Capital aims to raise ₹6,846 crore through the issuance of up to 21 crore new equity shares.
- Offer for Sale (OFS): Existing shareholders will divest up to 26.6 crore shares, valued at ₹8,665 crore.
Key Participants in OFS
- Tata Sons (Promoter Group): Offering up to 23 crore shares
- International Finance Corporation: Selling up to 3.6 crore shares
Anchor Investment
Tata Capital has already secured a significant portion of its target through anchor investors, raising ₹4,641 crore ahead of the IPO opening.
Important Dates
- Share Allotment: Scheduled for October 9
- Listing Date: October 13 (on BSE and NSE)
Grey Market Premium
The grey market is showing a premium of ₹7.50, suggesting a potential listing price of ₹333.50 per share. However, investors should note that grey market premiums are unofficial and subject to change.
Investor Considerations
While Tata Capital's IPO has generated significant interest, potential investors should consider the following:
- Market Conditions: Evaluate current market trends and their potential impact on the IPO's performance.
- Company Financials: Review Tata Capital's financial statements and growth prospects.
- Sector Outlook: Assess the overall outlook for the financial services sector in India.
- Risk Factors: Carefully read the risk factors mentioned in the IPO prospectus.
This IPO represents a major move by Tata Capital to strengthen its position in the financial services sector. As always, investors are advised to conduct thorough research and consider their financial goals before making investment decisions.
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