Tata Capital is set to launch its initial public offering (IPO) in the first week of October. The IPO of Tata Group's non-lending financial services (NBFC) firm has filed its red herring prospectus (RHP) to float its primary market offering. The issue is said to open on October 6 (Monday) and subscriptions are likely to close on October 8 (Wednesday). Advertisement

The IPO of Tata Capital includes a fresh share sale of up to 21,00,00,000 equity shares and an offer-for-sale (OFS) of up to 26,58,24,280 equity shares. The issue will cumulatively include a share sale of 47,58,24,280 equity shares. Face value of each share is Rs 10 each.

The IPO of Tata Capital also includes a reservation for eligible employees of the company, but there are no reservations for eligible shareholders of Tata I

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