Tata Capital Ltd’s mammoth Rs 15,512-crore initial public offering (IPO) is set to become the largest-ever listing from the Tata Group and the biggest by any non-banking financial company (NBFC) in India. The IPO, which opens for public subscription on Monday, 6 October, carries a price band of Rs 310-326 per share, with a lot size of 46 shares. Advertisement
The issue has already generated significant investor buzz, with the anchor book raising Rs 4,642 crore from 68 marquee domestic and global institutional investors. Reports suggest that the anchor portion was oversubscribed nearly five times, signaling strong demand and confidence in Tata Capital’s diversified lending portfolio across retail, SME, and housing finance.
However, Carnelian Asset Advisors founder Vikas Khemani cautioned