Tata Capital IPO to be launched Soon: Know Key Details

Tata Capital IPO can hit the exchange market very soon as the Board has approved Tata Capital IPO in the Board of Directors Meeting. The IPO would have a face value of Rs.10 each, comprising a fresh issue of 23 crore Shares and a portion of OFS. The IPO could be Rs.15000 Cr.

Tata Capital IPO Date

The date of Tata Capital IPO will be announced in due time as the Tata Board has declared no information related to its date.

Tata Capital Rights Issue

The Group has set Tata Capital Rights Issue of Rs.1,504 crore for its existing Shareholders of the company. 

Tata Investment Corporation Share Price

 As Tata Capital reported to the BSE, the company’s board has approved plans for an IPO which led to significant gains of 10.3% for TICL on the BSE, bringing shares to a value of Rs.6,343.80 per unit.

Tata Capital Overview

 Tata Capital is the Tata Group’s primary financial services company. It is a subsidiary of Tata Sons that operates as a non-banking financial company.   

Tata Capital and its subsidiaries actively participate in the multi-dimensional services industry, including Commercial Finance, Consumer Loans, Wealth Services, and the marketing and distribution of Tata Cards.  

Latest IPOs from Tata Group  

 With their operational subsidiary, Tata Technologies, Tata Motors was able to capitalize on the secondary market trade in 2023. The stock began trading on the various exchanges on 30 November 2023, and opened at a striking 140% premium, reaching an impressive 1200, which surpassed the offering price of 500

The offered price was in the range of Rs.475-Rs.500 per share. Tata Technologies' public offering was an OFS of 6.08 crores of equity shares. The IPO was oversubscribed by 69.43 times.  

Tata Technologies became the first Tata Group company to issue an IPO (Initial Public Offering) in almost two decades. The previous was TCS (Tata Consultancy Services) in 2004.

Conclusion

 The market is now expecting the upcoming IPO from Tata Capital. Following the board’s approval, Tata Capital IPO is estimated to be at Rs.15,000 crore and is comprised of a new issue of shares alongside an offer for sale (OFS) portion. The success of Tata Technologies IPO has further ensured that investors trust Tata Group with IPOs. Investors are waiting for more information surrounding the listing of Tata Capital.

Disclaimer: No buy or sell recommendation is given. No investment or trading advice it is. This blog is only for information purposes and should not be considered investment advice. Always discuss with an eligible financial advisor before investing or trading.