Tata Capital IPO Allotment Live: Ahead of Monday debut on D-Street, here's how you can check allotment status

Visit the registrar's website - MUFG Intime India

From the company dropdown, choose 'Tata Capital Limited.'

Enter your Application Number, DP/Client ID, PAN, or Account No./IFSC.

Click 'Submit' to view your allotment result.

Go to the BSE IPO allotment page

Select 'Equity' as the issue type.

Choose 'Tata Capital Ltd.' from the list.

Enter your application number or PAN details.

Click 'Search' to check your allotment status.

Visit the NSE IPO page

Click on 'Equity & SME IPO bid details.'

From the dropdown, select 'TATACAP.'

Enter your PAN and application number.

Click 'Submit' to view your allotment details.

Investors could place bids for a minimum of 46 shares, translating to an investment of Rs 14,996 at the upper end of the price band, and in multiples thereafter. Valued at over Rs 1.31 lakh crore, Tata Capital plans to utilise the fresh issue proceeds to strengthen its Tier-I capital base and fund future business expansion and lending needs. The OFS proceeds will be directed to the selling shareholders - Tata Sons and IFC.

The price band for the Tata Capital IPO was set between ₹310 and ₹326 per share. The issue was open for public bidding from October 6 to October 8. The basis of allotment is expected to be finalised by October 9, and the listing of shares on the BSE and NSE is scheduled for October 13.

The Tata Group's financial services arm, Tata Capital Ltd, launched its highly anticipated Rs 15,512 crore initial public offering (IPO), comprising a fresh issue of Rs 6,846 crore and an offer for sale (OFS) worth nearly ₹8,666 crore by existing shareholders. Tata Sons and International Finance Corporation (IFC) are divesting a combined 26.58 crore equity shares through the OFS component.

Ahead of listing, the unlisted shares of the company were trading with nearly 2% GMP over the IPO price, according to data on Investorgain. The GMP has increased from the 1% quoted yesterday.

Choice Broking had advised investors to subscribe to the issue for the long term, noting that the strong brand positioning is the only positive, while the high valuations remain a concern.

Ahead of listing, the unlisted shares of the company were trading with nearly 2% GMP over the IPO price, according to data on Investorgain. The GMP has increased from the 1% quoted yesterday.

Before the IPO opened for public bidding, the flagship financial services company of the Tata group raised Rs 4,641.8 crore from 135 anchor investors on October 3. Insurance major Life Insurance Corporation (LIC) emerged as the biggest anchor investor in the IPO, as earlier reported by Moneycontrol.

"Tata capital is expected to list slightly above the higher end of its price band close to Rs 326 per share. This will give it a P/E of close to 34 which will similar to Bajaj finance which has one of the highest valuation in NBFC space...We believe that Tata capital is getting the higher premium due to the Tata brand and it being one the key NBFCs which has show consistent growth while improving operational metrics," said Shravan Shetty, Managing Director, Primus Partners.

Master Capital Services in its IPO note said that NBFCs are expected to continue gaining market share over other lenders due to their ability to provide flexible lending solutions and tailored services, focused approach to tap under-served and niche customer segments, ability to penetrate deeper into geographies, leveraging technology to reimagine the lending process, strong origination skills and shorter turnaround time.

"Tata Capital Limited is well-positioned to capitalize on sector growth, being the third-largest diversified and one of the fastest growing NBFC in India,” it added. “With a wide product portfolio covering retail, SME, housing, and corporate finance, as well as non-lending businesses such as wealth management and fund management, Tata Capital enjoys strong synergies within the Tata Group ecosystem and a diversified funding base. Investors may consider the IPO as a potential long-term investment opportunity," it said.

Analysts recommended investors to subscribe to the issue for the long term. While the valuation seems to be strong in tune with large NBFCs, the lower grey market estimates indicate cautious investor optimism, said Siddharth Maurya, Founder & Managing Director, Vibhavangal Anukulakara. “With a diversified lending book covering consumer and MSME finance and with robust risk management in place, Tata Capital shows good fundamentals. Though the issue is priced fully, it offers a strategic opportunity to long-term investors to invest in a well-established financial institution, well-placed for long-term growth in India's growing credit market,” he added.

Tata Capital's IPO is the biggest IPO in Indian markets in the current year. It is also the largest since Hyundai Motor India's Rs 27,859-crore public issue last year.

Ahead of listing, the unlisted shares of the company were trading with a little over 1% GMP over the IPO price, according to data on Investorgain. The GMP has fallen over the recent days from 4 percent quoted by the site on the day the IPO opened for public bidding.

The Tata Group company launched its much awaited public issue to raise Rs 15,512 crore through a fresh issue of shares worth Rs 6,846 crore, and an offer for sale of shares worth nearly Rs 8,666 crore by the existing promoters. Tata Sons and investor International Finance Corporation are selling 26.58 crore equity shares through offer-for-sale component.

The price band for the IPO has been set at Rs 310-326. It was open for public bidding between October 6 and October 8. The allotments are likely to be finalized by October 9, and the shares are scheduled to be listed on stock exchanges BSE and NSE on October 13.

Investors could bid for a minimum of 46 shares, requiring an investment of Rs 14,996 at the upper price band, and in multiples thereafter. Tata Capital, which is valued at over Rs 1.31 lakh crore, aims to use the fresh issue proceeds for augmenting its Tier – I capital base in order to meet future capital requirements including onward lending, arising out of the growth of the business, while the offer-for-sale money will go to two selling shareholders including IFC.

Visit the registrar's website at MUFG Intime India

From the company dropdown, select 'Tata Capital Limited.'

Provide your Application No., DP/Client ID, PAN, or Account No/IFSC.

Press 'Submit' to view your allotment result.

• Go to the BSE IPO allotment page
• Select 'Equity' as the issue type.
• Choose 'Tata Capital Ltd.' from the list.
• Enter your application number or PAN card details.
• Click 'Search' to check your allotment status.

• Visit the IPO page on the NSE website
• Click on 'Equity & SME IPO bid details.'
• From the 'Select Symbol' dropdown, choose 'TATACAP.'
• Enter your PAN and application number.
• Click 'Submit' to view your allotment details.

The basis of allotment for the Tata Capital IPO is expected to be finalised today, October 9, while the listing on stock exchanges is scheduled for Monday, October 13.

According to BSE data, the Qualified Institutional Buyers (QIBs) segment was subscribed 3.42 times, while Non-Institutional Investors (NIIs) subscribed 1.98 times. The Retail Individual Investors (RIIs) category was subscribed 1.10 times, and the employee portion received 2.92 times bids.

The Rs 15,511.87 crore IPO was priced in the range of Rs 310 to Rs 326 per share. It comprises a fresh issue of shares worth Rs 6,846 crore and an offer for sale (OFS) of Rs 8,665.87 crore by Tata Sons and the International Finance Corporation (IFC).

The initial public offering (IPO) of Tata Capital Ltd, the non-banking financial arm of the Tata Group, attracted solid investor participation, with total bids reaching 1.95 times on the final day of subscription, Wednesday, October 8.