Tata Capital IPO GMP rises to 7% as company fixes price band

Tata Capital IPO GMP rises as company fixes price band. 

Tata Capital has fixed the price band for its Rs 15,512 crore Initial Public Offering (IPO) at Rs 310-326 per share, with the issue emerging as the largest listing of 2025 so far.

According to platforms tracking grey market activity, the company’s shares are quoting at a premium. Investorgain reported a grey market premium (GMP) of Rs 24, implying a potential listing gain of about 7.36 percent.

At the upper end of the price band, the non-banking financial company is valued at around Rs 1.38 lakh crore.

The maiden share sale will open for subscription on October 6 and close on October 8, while the anchor book will open on October 3, as per the company’s public announcement.

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Proceeds from the issue will be used to strengthen Tata Capital’s Tier-1 capital base and meet future funding requirements, including onward lending.

The Tata Group firm had filed draft papers in April through the confidential pre-filing route and received approval from capital markets regulator Sebi in July.

The offering will be the largest public issue in the financial sector and marks the Tata Group’s second listing in recent years, following Tata Technologies’ debut in November 2023.

The IPO is being undertaken in line with the Reserve Bank of India's (RBI) listing mandate for upper-layer NBFCs, which requires them to be listed within three years of classification. Tata Capital was designated as an upper-layer NBFC in September 2022.

Tata Capital IPO share allotment is expected by October 9, while the listing is scheduled to take place on October 13.

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