Tata Capital IPO Gets 28% Subscription On Day 1 So Far: Check GMP, Price, Lot Size, Reviews | Ipo News

Tata Capital IPO to remain open for public subscription between October 6 and October 8.

Tata Capital IPO GMP Today: The much-awaited Tata Capital Ltd Initial Public Offering (IPO) will open for public subscription on Monday, October 6, and close on Wednesday, October 8. The Rs 15,512-crore IPO is set to be the largest issue of the year. Till 2:24 pm on the first day of bidding on Monday, the mainboard IPO received 0.28 times subscription, garnering bids for 9,32,38,964 shares as against the 33,34,36,996 shares on offer. The retail and NII participation stood at 0.28x and 0.20x, respectively. The QIB category received a 0.32x subscription.

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.

Tata Capital IPO: Key Dates

The initial public offering of Tata Capital will open for subscription on October 6 and close on October 8, with the anchor book bidding scheduled for October 3. Its share allotment will be finalised on October 9, while the listing will take place on October 13 on both the BSE and the NSE.

Tata Capital IPO Price Band 

The IPO’s price band of Rs 310-Rs 326 per share is 55% lower than Tata Capital’s current unlisted market price of Rs 735, and well below the Rs 1,075 per share it commanded in June 2025. This steep discount has caused significant losses for investors who bought in the unlisted market, but it makes the IPO more attractive to new investors.

Tata Capital IPO GMP Today

In the grey market, Tata Capital’s shares are currently trading at Rs 334.5 apiece, which is 2.61% above the IPO price. This suggests a potential 2.6% listing gain for successful IPO applicants.

However, analysts caution that the GMP (Grey Market Premium) is volatile and subject to shifts in market sentiment.

Lot Size and Investment Details

The lot size for an application is 46. The minimum amount of investment required by an retail is Rs 14,996 (46 shares), based on the upper price of the IPO. The lot size investment for small NII is 14 lots (644 shares), amounting to Rs 2,09,944, and for big NII, it is 67 lots (3,082 shares), amounting to Rs 10,04,732.

Tata Capital IPO: Should You Subscribe?

Most brokerage houses have issued “subscribe” ratings on the Tata Capital IPO, citing the company’s strong parentage, diversified loan portfolio, and robust financial position.

• Aditya Birla Capital – Subscribe for Long Term:Highlights Tata Capital’s brand trust and low cost of funds due to strong domestic and international ratings. Lists rise in delinquencies, high unsecured loans, and asset-liability mismatch as key risks.
• Anand Rathi – Subscribe for Long Term:Notes Tata Capital’s diversified portfolio across products, customers, and geographies and increased focus on secured lending to minimise risks.
• Canara Bank Securities – Subscribe:Points out the company’s consistent profitability since 2007, strong rebound post-Covid, and competitive positioning in the retail and SME NBFC segments.
• LKP – Subscribe:Praises the company’s profitable growth, resilient financial performance, strong governance, and leadership.
• Deven Choksey Research – Neutral:Believes the IPO is “fully valued” compared to peers and notes lower returns versus other NBFCs, despite strong growth potential from its omni-channel presence and Tata brand support.

Tata Capital IPO: Book-Running Lead Managers

The IPO is backed by top financial institutions as book-running lead managers, including: Kotak Mahindra Capital, BNP Paribas, Citigroup Global Markets India, HDFC Bank, HSBC Securities & Capital Markets (India), ICICI Securities, IIFL Capital Services, JP Morgan India, SBI Capital Markets, and Axis Capital.