Tata Capital IPO GMP Day 2: The much-awaited Tata Capital Ltd Initial Public Offering (IPO) is open for public subscription and will close on Wednesday, October 8. The Rs 15,512-crore IPO is set to be the largest issue of the year.

Tata IPO Subscription Status

Tata Capital IPO subscription status was 75% on day 2. The retail portion was subscribed 67%, and the NII portion has been booked at 75%. The Qualified Institutional Buyers (QIBs) portion received 86% bids.

The company has received bids for 24.92 crore shares against 33.34 crore shares on offer, at 17:00 IST, according to data on BSE.

Tata Capital, a leading non-banking financial company (NBFC), has set the price band at Rs 310-Rs 326 per share, valuing the company at around Rs 1.38 lakh crore at the upper end of the band.

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