Tata Capital IPO opens Oct. 6. (Image: Shubhayan Bhattacharya/ NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Tata Capital Ltd. announced its initial public offering (IPO) price band at Rs 310-326 per share, according to a public advertisement released on Monday. The Rs 15,511-crore IPO is scheduled to open for subscription on Dalal Street on Oct. 6 and close on Oct. 8.

The IPO comprises a fresh issue of up to 21 crore equity shares aggregating up to Rs 6,846 crore and an offer for sale (OFS) of up to 26.6 crore equity shares worth Rs 8,665 crore. The face value of each share is Rs 10.

Promoter Tata Sons will divest up to 23 crore shares, while International Finance Corporation (IFC) will sell up to 3.6 crore shares through the OFS route.

The company will

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