Tata Capital Ltd’s Rs 15,512-crore IPO grabbed the spotlight with a strong anchor book subscription, raising Rs 4,642 crore from 68 domestic and global institutional investors. The anchor portion saw overwhelming demand, reportedly subscribed nearly five times, underscoring investor confidence in the Tata Group’s financial services arm ahead of its market debut. Advertisement

"Due to strong demand, investors did not get the kind of the stake they were looking to have in the company and had to be satisfied limited subscription", sources said. Top Indian mutual funds such as HDFC Mutual Fund and ICICI Prudential MF were among the investors, joined by Life Insurance Corporation of India (LIC) and international players including Goldman Sachs and Morgan Stanley.

The anchor book’s diversity,

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