Tata Capital IPO: Tata Capital is set to launch one of the largest initial public offerings (IPOs) in recent times. Backed by the Tata Group, the IPO is scheduled to open from October 6 to October 8, with a price band fixed at Rs 310–Rs 326 per share. Investors can bid in lots of 46 shares each.
The issue size is massive at Rs 15,500 crore, consisting of a fresh issue worth Rs 6,850 crore and an offer-for-sale (OFS) worth around Rs 8,650 crore.
At the upper end of the price band, Tata Capital’s market capitalisation is estimated at nearly Rs 1.38 lakh crore, reflecting the sheer scale of the company.
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Why the IPO Now?
In an exclusive interaction with Zee Business Managing Editor and market investor Anil Singhvi, Rajiv Sabharwal, MD & CEO of Tata