Here’s the English version with full SEO elements. The latest GMP indications remain modest at about ₹7–₹9 (roughly 2–3% over the upper band), and most brokerages retain a broadly “Subscribe” view for long-term investors.
Key highlights
- Issue size and structure: Total size around ₹15,511.87–₹15,512 crore, comprising a fresh issue of ₹6,846 crore and an OFS of about ₹8,665–₹8,666 crore by existing shareholders.
- Price band and dates: ₹310–₹326 per share; subscription window October 6–8; tentative allotment October 9; demat credit October 10; expected listing October 13.
- Lot size: 46 shares per lot; minimum retail application value about ₹14,996 at the upper band.
GMP and listing signal
- Latest GMP: Approximately ₹7–₹9, implying an estimated listing price near ₹333–₹335 and a 2–3% premium on the upper band.
- Note: GMP is unofficial and sentiment-driven; it can swing with subscription momentum.
Brokerage views
- Broadly “Subscribe”: Positive on Tata Group backing, diversified NBFC model, asset quality, and reasonable pricing.
- Valuation commentary: Select notes peg P/B near 3.2x–3.4x on forward/post-issue metrics, seen as sensible versus larger NBFC peers.
Subscription status
- Day 1 trend: Early subscriptions often start tepid and build through the day; tracking QIB, NII, and retail buckets is key.
Anchor participation and strengths
- Strong anchor response: Robust participation from domestic and global institutions signals confidence.
- Operating profile: Pan-India presence, AAA rating, diversified lending, and capital augmentation support growth.
Investment thesis
- Positives: Brand trust, diversified portfolio, digital execution, stable asset quality, and fresh capital to fund growth.
- Moderate risks: Low-to-moderate GMP, NBFC cycle and rate sensitivity, and part of proceeds being OFS.
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Tata Capital’s IPO is open for subscription with a measured start in grey-market sentiment, where the latest GMP of roughly ₹7–₹9 suggests a potential listing premium of about 2–3% against the upper price band of ₹326. The total issue size is around ₹15,512 crore, split between a ₹6,846 crore fresh issue to bolster Tier-I capital and an OFS of roughly ₹8,666 crore that facilitates partial exits by existing holders. This balance aims to strengthen the balance sheet while providing liquidity to current shareholders.
The price band is set at ₹310–₹326 per share, with a lot size of 46 shares; the minimum retail investment computes to approximately ₹14,996 at the upper band. The subscription window runs from October 6 to 8, with a tentative timeline indicating allotment on October 9, demat credit by October 10, and a likely listing on October 13. These dates help investors plan funds and application strategy, particularly those targeting potential listing gains or short-term rotation.
GMP, while closely watched, is an unofficial, sentiment-led indicator and can shift quickly as subscription data comes in. Current indications point to a low-to-moderate listing pop, with implied listing prices around ₹333–₹335. In large, marquee issues, early subscription build-up can be gradual, often accelerating later in the window, so tracking real-time demand from QIB, NII, and retail categories can be informative.
Brokerage houses broadly recommend “Subscribe,” frequently highlighting Tata Group sponsorship, diversified NBFC scale, asset quality, and disciplined risk practices. Some valuation notes indicate P/B near the low 3x range on forward/post-issue bases, viewed as judicious relative to larger peers and leaving room for long-term compounding as profitability normalizes. On fundamentals, the company’s pan-India reach, AAA rating, and diversified lending portfolio position it well within the NBFC space, while the fresh capital should support growth and regulatory buffers.
Overall, short-term listing gains may be modest given the measured GMP, but the long-term case rests on brand strength, operating breadth, capital adequacy, and execution. Key risks remain sector cyclicality, interest-rate sensitivity, and the fact that a large OFS portion means not all proceeds fund growth. Active monitoring of day-wise subscription momentum and final pricing behavior will refine near-term expectations.
FAQs
- What is the Tata Capital IPO GMP today?
Around ₹7–₹9, indicating roughly a 2–3% premium over the upper price band. - What is the price band and lot size?
Price band ₹310–₹326; lot size 46 shares per lot. - What are the key dates?
Open Oct 6–8; tentative allotment Oct 9; demat credit Oct 10; listing likely Oct 13. - What are brokerages recommending?
Broadly “Subscribe,” with emphasis on Tata backing, diversified portfolio, asset quality, and sensible valuation. - What’s the minimum retail investment?
Approximately ₹14,996 at the upper band for one lot of 46 shares.
Disclaimer
This article is based on publicly available market updates and live trends. GMP is unofficial and sentiment-driven; it can change rapidly and does not guarantee listing performance. Consider official documents and seek professional financial advice before investing.