Tata Capital IPO Oversubscribed 1.95 Times
Tata Capital's initial public offering (IPO) has captured significant attention in the Indian market, with final subscription figures showing it was oversubscribed 1.95 times. This surge in interest indicates a strong investor appetite, especially as the bidding concluded. A total of 65.12 crore bids were received for the 33.34 crore shares on offer, showcasing the demand among investors.
The retail portion of the IPO alone saw a subscription rate of 1.1 times, with retail investors bidding for 18.28 crore equity shares compared to the 16.61 crore shares available. This reflects a growing trend where individual investors are keen to participate in such public offerings, signaling confidence in the market's potential.
Qualified institutional buyers (QIBs) also played a significant role, placing bids for 32.44 crore equity shares against the 9.49 crore shares offered to them. Their participation highlights the institutional confidence in Tata Capital as a promising investment opportunity.
In comparison, LG Electronics India's IPO, which is also currently open for bidding, has shown even greater interest, being oversubscribed 3.32 times by the second day. With total bids of 23.71 crore shares against 7.13 crore shares available, this IPO is drawing in substantial attention from both QIBs and retail investors.
The QIBs for LG Electronics placed bids for 5.27 crore shares, which is a remarkable 2.59 times the shares offered to them. On the retail front, the subscription rate stands impressively at 1.9 times, with bids for 6.76 crore shares against 3.56 crore shares available. The non-institutional investor (NII) category for LG’s IPO has attracted an astounding 7.6 times subscription, indicating robust confidence from various investor segments.
As the IPOs of Tata Capital and LG Electronics close for subscription soon, these developments reflect a vibrant and optimistic atmosphere in the Indian market. Investors are keenly seeking opportunities that promise growth, and the current trend of oversubscription in these IPOs is a testament to the attractive prospects that lie ahead.
