Tata Capital, a nonbanking financial company, announced its IPO opening for retail investors on 6 October.
The IPO will include 210 million new shares, with existing shareholders selling 265.8 million shares.
Institutional / anchor investors’ subscription begins on 3 October.
The offering is expected to garner strong interest given rising dema
nd for NBFC exposure.
Tata Capital has strong brand backing and diversified financial services operations.
The funds raised may be used for expansion of lending, technology, and capital buffer
.
Investors will watch the price band, subscription trends, and listing premium closely.
Given current volatility, listing may see sharp gains or sharp corrections.
The success of this IPO could revive the NBFC / finance primary market sentiment.
Retail subscription levels will be a key barometer of market confidence at this juncture.