Tata Capital’s highly anticipated ₹15,512-crore Initial Public Offering (IPO) opened for subscription today, marking one of the largest public offerings of 2025.

The IPO, which will remain open through Wednesday, includes a fresh issue of ₹6,846 crore and an offer-for-sale (OFS) of ₹8,666 crore by promoter Tata Sons, which currently holds a 95.6% stake in the company. The price band has been set between ₹310 to ₹326 per share.

According to grey market premium tracking websites, Tata Capital shares are trading at a premium of ₹7.5 as of 7:00 AM today, suggesting an estimated listing price of around ₹333.5 per share. This represents a potential gain of approximately 3% above the upper price band.

However, the grey market premium has declined significantly over the past week. While the GMP

See Full Page