Tata Capital Ltd’s Rs 15,512-crore initial public offering (IPO) is set to be the largest-ever listing from the Tata Group and the biggest by any NBFC in India, and opens for public subscription on Monday, October 6. The issue carries a price band of Rs 310–326 a share and a lot size of 46 shares. Advertisement

The company has already raised Rs 4,642 crore from anchor investors, with the portion reportedly subscribed nearly five times, reflecting strong institutional demand ahead of the main issue.

The IPO comprises a fresh issue of 21 crore shares and an offer for sale (OFS) of about 26.6 crore shares. The basis of allotment will be finalised on Thursday, October 9, while credit to demat accounts is expected by October 10. The stock is slated to debut on the BSE and NSE on Monday, Oct

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