The much-awaited has attracted 87 per cent overall subscription so far on its closing day.
Subscription status
Exchange data shows that the qualified institutional buyers (QIBs) category was subscribed 0.96 times, non-institutional investors (NIIs) 0.95 times, the retail portion 0.79 times, and the employee quota 2.21 times at 10.48 am.
IPO, price band & more
The IPO, which opened on October 6 and closes on October 8, has a price band of ₹310–₹326 per share and aims to raise about ₹15,512 crore. It comprises a fresh issue of around 21 crore shares and an offer-for-sale (OFS) of about 26.58 crore shares by existing shareholders.
Company mobilised ₹₹4,642 crore from anchor investors.
Allotment & listing date
The basis of allotment is expected to be finalised on October 9, with listing likely on October 13, 2025, on the BSE and NSE.
Brokerages have largely issued a ‘subscribe’ recommendation, highlighting Tata Capital’s strong parentage, diversified business model, and healthy financials. However, investor demand appears to have moderated.
Analysts attribute the dip to valuation concerns and broader market volatility but believe the company’s solid fundamentals and brand strength could still support a stable debut.
Overall, investors are watching the final subscription numbers closely, as a strong finish could improve the chances of modest listing gains next week.