Shares of Tata Capital on Monday made a muted market debut and closed over 1% higher against the issue price of Rs 326, after the largest initial public offering ( IPO ) in India this year raised ₹15,511 crore amid the ongoing boardroom issues at Tata Group and Tata Sons.

The stock started trading at Rs 330, up 1.22% from the issue price on both the BSE and NSE. During the day, shares hit a high of Rs 332.80 and a low of Rs 326.15 on the BSE. The stock finally ended at Rs 330.40, up 1.34%.

“If the growth rate of our country sustains, our book can double in the next three years,” said Rajiv Sabharwal, managing director & CEO.

Funds from the IPO that added over 2.2 million new shareholders will suffice for over two-and-a-half years, firm’s executives said. The shadow lender faces asse

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