Tata Investment Corporation shares soared nearly 20 per cent to close at ₹10,598 on Tuesday, hitting an intraday high of ₹10,611.50 on the NSE as Tata Capital prepares to launch its ₹15,512 crore initial public offering on October 6.
The stock has rallied 22 per cent over the last three sessions and gained more than 54 per cent in the past month. Trading volumes surged to 54.39 lakh shares, approximately 12 times the 30-day average, with a traded value of ₹5,356 crore. Over 3.36 lakh shares changed hands in 38 block deals, mostly at a premium to Monday’s close of ₹8,843.
Tata Capital has set the price band for its IPO at ₹310-326 per share, valuing the non-banking financial company at approximately ₹1.38 lakh crore at the upper end. The issue will open for subscription on October 6 and close on October 8, with the anchor book scheduled for October 3. At this size, it marks the largest public issue of 2025.
Tata Investment Corporation recently announced its first-ever stock split in a 1:10 ratio, with the record date fixed for October 14. The company’s market capitalisation stood at ₹53,620 crore, with a free float market cap of ₹13,737 crore. The stock has recorded a 52-week high of ₹10,611.50 against a low of ₹5,145.15 in February.