Tata Capital IPO: Rs 15,500 Crore IPO Subscribed 39% On Day 1; Know GMP, Price Band And Other Key Details

Tata Capital IPO: The Tata Capital IPO received 39 per cent subscription on the first day of bidding on Monday. Tata Capital, the financial arm of the giant conglomerate the Tata Group, has recently launched its much-anticipated Initial Public Offering (IPO), the largest of 2025. Through this IPO, the company aims to raise Rs 15,500 crore. The issue is now open for subscription and has already seen a strong response from anchor investors (early investors).

Tata Capital IPO: Strong Anchor Investor Response
Before its public debut, Tata Capital had already raised Rs 4,600 crore through its anchor book. The sale of shares brought in a mix of prominent global and domestic investors.

Tata Capital IPO: Use of IPO Proceeds
The main goal is to boost the company's core financial strength and its Tier 1 capital base. Before the share sale, the capital cushion stood at 12.8 percent. The infusion of new capital is expected to improve the company's capital buffer to over 22 percent. This will also reduce its debt level (leverage ratio) to below five. This strong financial position will also help the company to grow for the next two to three years.

Tata Capital IPO: Price Band
Tata Capital's IPO price band is set between Rs 310 and Rs 326 per equity share, aiming to raise Rs 15,500 crore.

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Tata Capital IPO: Subscription Details
On Day 1, the IPO has been subscribed 39 per cent overall, with a Grey Market Premium (GMP) of approximately Rs 7.5.

Tata Capital IPO: Share Allotment Dates
Tata Capital is expected to allot shares on October 9, 2025, and list on both BSE and NSE from October 13 onwards.

Tata Capital IPO: Key participants
Life Insurance Corporation was the largest single backer of this IPO. A total of 18 mutual funds, including ICICI Prudential MF, Goldman Sachs, Morgan Stanley, Nomura, Amansa Holdings, and other major global financial institutions, such as pension funds, also participated in the share sale. The company's management revealed that the focus was on retaining long-term investors to ensure long-term stability and good returns after listing.

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Tata Capital IPO: Key Details on the GMP
The GMP for the Tata Capital IPO has been showing a subdued trend. Over the past 11 sessions, the GMP has shown a downward trend, falling from a high of Rs 30. On the first day of bidding, the unofficial Grey Market Premium buzzed around Rs 7.50 to Rs 12.50. On October 6, the GMP was observed at Rs 7.50 and Rs 10 to Rs 12.50.

Tata Capital IPO: Listing Price
Based on the upper price band of Rs 326, the potential listing price is estimated to be around Rs 333.50 to Rs 338.50 per share. This would eventually lead to a listing gain of approximately 2.30 percent to 3.8 percent.