Tata Capital IPO Subscription Status: The biggest Tata IPO will be open for subscription for the last time on October 8th. The fourth largest IPO of Rs 15,511.87 crore in Indian market's history, opened on October 6th, however, has seen a slower response from investors. So far, Tata Capital IPO has subscribed 75% of its offered size by end of Day 2. The latest grey market premium (GMP) also hints at single-digit premium listing on BSE and NSE. Is it worth subscribing?
Tata Capital IPO Subscription Status:
After market hours of October 7th, Tata Capital IPO received bids of 24,96,33,260 equity shares, which is 75% of the total issue size of 33,34,36,996 equity shares. The reserved portion for employees fully subscribed by 1.95 times, however, investors have showed tepid demand unlike LG Electronics IPO that fully subscribed on its first day.
Under Tata Capital IPO, the retail investors category subscribed 67% of the reserved portion, while non-institutional and qualified institutional buyers subscribed 76% and 86% of the offered size.
The IPO size of Rs 15,511.87 crore is a mixture of fresh issue worth Rs 6,846 crore and offer for sale (OFS) worth Rs 8,666 crore. The fresh issue is up to 26,58,24,280 equity shares and offer for sale up to 14,23,87,284 equity shares. 50% of the IPO size is reserved for Qualified Institutional Buyers, while 15% of the total will be kept for Non-Institutional Investors, and the rest 35% will be allocated to Retail Individual Investors.
The parent company Tata Sons, is offloading at least 230,000,000 Equity Shares in Tata Capital IPO, followed by the International Finance Corporation, which is selling up to 35,824,280 Equity Shares.
The price band is fixed at Rs 310 per share at the lower end and at Rs 326 per share at the upper end. The face value of equities is Rs 10 per share each. The bid lot size is 46 Equity Shares and in multiples thereof.
Tata Capital IPO GMP:
Tata Capital IPO last GMP is Rs 6, last updated Oct 7th 2025 11:36 PM. With the price band of 326.00, Tata Capital IPO's estimated listing price is Rs 332 (cap price + October 7th GMP).The expected percentage gain/loss per share is 1.84%, as per Investor Grain data.
Should You Subscribe Tata Capital IPO On Last Date?
The last date for the IPO is October 8th.
''We believe Tata Capital IPO brings investors an opportunity to invest in India's financial services space, combining scale, diversification, and strong brand credibility under the Tata Group," said Rajan Shinde, Research Analyst, Mehta Equities.
The analyst believes that Tata Capital's advanced technology and analytics capabilities enhance underwriting, collections, and cross-selling, while the merger with TMFL expands its vehicle finance portfolio and strengthens operational efficiency.
Also, considering its financials, the analyst said, "the company has delivered strong growth with revenue from operations rising 33.4% in FY2024 and 55.8% in FY2025, alongside steady profitability improvement with net profits up 4% in FY2024 and 16.3% in FY2025. On valuation parse at the upper price band of Rs. 326/-, the issue is asking for a market cap of Rs. 1,38,383 crore."
Based on FY 2026 annualised earnings and fully diluted post- IPO paid up capital, the company is asking for a PB of 3.2x which appears reasonably priced compare to ~4x average of its comparable listed peers, leaving healthy scope for decent listing gains and long-term value creation.
According to the analysy, with India's rising credit penetration, formalisation of the economy, and increasing demand for consumer and business financing, we believe Tata Capital offers investors a credible and scalable proxy to participate in the broader NBFC growth cycle. Hence, looking at all attributes, Mehta Equities analyst recommended investors to "SUBSCRIBE" the Tata Capital Ltd IPO for Long-term perspective.
Tata Capital IPO Allotment Date:
The tentative date for allotment status is likely on October 9, a day after the subscription closes on BSE and NSE. Once the allotment is announced, the company will credit shares to eligible shareholders most likely by October 10, 2025. On the same day, the company will also initiate refund to those investors who did not meet the criteria.
Tata Capital IPO Listing Date:
Tentatively, the listing date is likely on October 8, 2025.
About Tata Capital Ltd:
Tata Capital Limited, the flagship financial services arm of the Tata Group with a legacy spanning over 150 years, is the third-largest diversified NBFC in India. It offers one of the widest lending product portfolios and operates through an omni-channel distribution network that includes a pan-India branch presence, strategic partnerships, and robust digital platforms. At the same time, its deep integration of digital capabilities and analytics lies at the heart of its operations, ensuring superior customer experience and driving sustainable business performance.
Disclaimer: The views and recommendations expressed are solely those of the individual analysts or entities and do not reflect the views of Goodreturns.in or Greynium Information Technologies Private Limited (together referred as "we"). We do not guarantee, endorse or take responsibility for the accuracy, completeness or reliability of any content, nor do we provide any investment advice or solicit the purchase or sale of securities. All information is provided for informational and educational purposes only and should be independently verified from licensed financial advisors before making any investment decisions.
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