The IPO share allotment status is expected to be finalised today. (Photo source: NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed

The initial public offering (IPO) of Tata Capital was oversubscribed 1.95 times on the third and final day of bidding on October 8. The IPO received bids for 65,12,29,590 shares against 33,34,36,996 offered.

The Qualified Institutional Buyers (QIBs) booked the issue 3.42 times. The Non-Institutional Investors’ (NIIs) category was subscribed 1.98 times. Retail investors booked their quota 1.10 times.

The IPO share allotment status is expected to be finalised on October 9. The company is expected to process refunds for non-allottees on October 10. Shares will be transferred to the Demat accounts of the allottees on the same day.

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