Tata Capital is expected to make its stock market debut on October 13.

Tata Capital Ltd’s initial public offering (IPO) was subscribed 39% on the first day of bidding on Monday.

According to NSE data, the issue received bids for 12.86 crore shares against the 33.34 crore shares on offer. The quota reserved for Qualified Institutional Buyers (QIBs) saw 52% subscription, while the Retail Individual Investors (RIIs) category garnered 35%. The non-institutional investors’ segment drew 29% bids.

Ahead of the IPO opening, Tata Capital had raised Rs 4,642 crore from 68 domestic and global institutional investors on Friday through its anchor book, which witnessed demand nearly five times the allocation size.

Tata Capital IPO: Issue Date, Price Band

The company’s Rs 15,512 crore public offerin

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