Tata Capital’s $1.7 billion initial public offering attracted investors ranging from Morgan Stanley’s Counterpoint Global to local mutual funds as early big investors, according to people familiar with the matter.

WCM Investment Management, Goldman Sachs Asset Management, White Oak Capital Partners and Nomura Asset Management also placed bids to be anchor investors, the people said, asking not to be identified because the details haven’t been made public. Nine of India’s top 10 mutual funds participated, they said.

Tata Capital and the funds didn’t immediately respond to requests for comment.

The listing is set to be the country’s largest since Hyundai Motor India Ltd.’s $3.3 billion offering last year, and comes as the nation heads into what could be a record month for IPOs.

Tata’s of

See Full Page