Tata Capital IPO last day. (Image: Shubhayan Bhattacharya/ NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Tata Capital's initial public offering was fully subscribed on Wednesday. The company is looking to raise more than Rs 15,000 crore, comprising a fresh issue of up to 21 crore equity shares aggregating up to Rs 6,846 crore.

The IPO also has an offer for sale component of up to 26.6 crore equity shares worth Rs 8,665 crore. The price band for the issue is set at Rs 310-326 per share.

As part of the issue, promoter group Tata Sons will divest up to 23 crore shares, while International Finance Corporation (IFC) will sell up to 3.6 crore shares through the OFS route. The company will also issue up to 21 crore shares via a primary raise.

Heading into the IP

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