Tata Capital IPO Allotment Status & How to Check
Tata Capital Ltd's IPO has generated significant excitement among Indian investors. As a well-known subsidiary of Tata Sons Pvt Ltd, the IPO opened for subscription from October 6 to 8, 2023. Following the closure, the allotment status was finalized on October 9, with shares set to be listed on October 13 on both BSE and NSE.
The IPO aimed to raise ₹15,511.87 crore, which included a fresh issue of 21 crore equity shares worth ₹6,846 crore and an offer-for-sale (OFS) of 26.58 crore shares amounting to ₹8,665.87 crore. The price band for the IPO was set between ₹310 to ₹326 per share, indicating strong interest among investors, especially with the total subscription at 1.95 times. In particular, the Qualified Institutional Buyers (QIBs) segment was oversubscribed 3.42 times, reflecting robust demand.
For investors eager to check their allotment status, the process is straightforward. They can visit the BSE or NSE websites or the registrar's official portal, MUFG Intime India Pvt. Ltd. The steps are easy: select 'Equity' under Issue Type, choose 'Tata Capital Limited' from the dropdown, enter either the Application Number or PAN, and click 'Search' to see the status.
The grey market premium (GMP) for Tata Capital shares currently stands at ₹7 per share, indicating a slight gain compared to the issue price. Market analysts predict that the listing price could be around ₹333, which represents a premium of 2.15% over the IPO price. This shows a positive outlook for investors as they anticipate the shares to perform well once listed.
As the IPO market continues to thrive in India, Tata Capital’s offering stands as a testament to the growing investor confidence in the financial services sector. With significant backing from the Tata Group and a solid response from various investor categories, this IPO is certainly one to watch in the coming days.
Investors are reminded to stay updated with the latest news and developments regarding the IPO and consult certified experts before making any investment decisions.
