Tata Capital IPO Allotment Status: Check Now!
The initial public offering (IPO) of Tata Capital Ltd has captured the attention of investors across India, showcasing the strong demand for shares of this diversified financial services company. The subscription period for the IPO ran from October 6 to October 8, 2023, and the results of the share allotment were finalized on October 9. Investors eagerly await the debut of Tata Capital shares, which are set to be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on October 13.
As the allotment process concludes, successful bidders will have their equity shares credited to their demat accounts. At the same time, refunds will be processed for those who were not allocated shares on October 10. This clarity and efficiency are crucial in maintaining investor confidence in the IPO market, especially for a brand as reputable as Tata.
To check the allotment status, investors can use the official websites of BSE, NSE, or the registrar, MUFG Intime India Pvt Ltd. This accessibility allows investors to stay updated with their investments, ensuring transparency in the allotment process.
The Tata Capital IPO raised an impressive ₹15,511.87 crore, comprised of a fresh issue of 21 crore shares worth ₹6,846 crore and an offer for sale of 26.58 crore shares valued at ₹8,665.87 crore by existing promoters, Tata Sons and IFC. The price band for the IPO was set between ₹310 and ₹326 per share, making it an attractive investment for many.
According to the data from NSE, the IPO was subscribed 1.95 times in total. Breaking it down, the retail investor category saw a subscription of 1.10 times, non-institutional investors (NIIs) subscribed 1.98 times, while qualified institutional buyers (QIBs) led the charge with a subscription of 3.42 times. This trend indicates a strong appetite for Tata Capital shares and reflects investor confidence in the company's future prospects.
With the successful IPO, Tata Capital is poised to leverage this capital for expansion and growth, making it a key player in the Indian financial landscape. Investors keen on participating in the financial market should keep an eye on this listing, as it could pave the way for exciting investment opportunities ahead.
