Tata Capital IPO Day 1: GMP, Price, Review & Subscription Status

After the blockbuster success of Tata Technologies IPO, the Tata Group is back with another highly anticipated public issue — the Tata Capital IPO. Investors are keenly watching this NBFC giant’s debut on Dalal Street.

Tata Capital IPO Dates

Opens: October 6, 2025

Closes: October 8, 2025

Likely Allotment Date: October 9, 2025

Expected Listing Date: October 13, 2025

Exchanges: BSE & NSE

Price Band & Fundraising Details

Price Band: ₹310 – ₹326 per share

Total Issue Size: ₹15,511.87 crore

Fresh Issue: ₹6,846 crore

Offer for Sale (OFS): ₹8,665.87 crore

Lot Size: 46 shares per lot

The IPO aims to strengthen Tata Capital’s Tier-1 capital base and fund its future growth, especially in retail and green finance.

Tata Capital IPO GMP (Grey Market Premium)

As per market observers, Tata Capital shares are trading at a ₹13 premium in the grey market today — down from ₹20 over the weekend.

👉 Current GMP: ₹13

👉 Trend: Slight dip due to OFS structure, but expected to rise as demand picks up.

Day 1 Subscription Status (as of 10:09 AM)

Total Subscription: 0.02x

Retail Investors: 0.03x

NII Segment: 0.03x

It’s still early in the subscription window, and analysts expect momentum to build in the coming sessions.

Tata Capital IPO Review: What Analysts Say

Anshul Jain (Lakshmishree Investment):

“The IPO is driven by strategic growth plans and regulatory listing requirements for upper-layer NBFCs. Proceeds will strengthen capital and fuel expansion in high-growth sectors. We recommend ‘SUBSCRIBE’ for the long term.”

“At a P/E of 32.3x and P/B of 3.5x, the IPO looks fully priced but offers long-term potential. We suggest ‘Subscribe for Long Term.’”

Other brokerages including Kunvarji Finstock, Aditya Birla Money, BP Equities, Canara Bank Securities, LKP Securities, and Ventura Securities have also rated the IPO as ‘Subscribe’.

Lead Managers & Registrar

Registrar: MUFG Intime India Pvt. Ltd.

Book Running Lead Managers:

Kotak Mahindra Capital, BNP Paribas, Citigroup, HDFC Bank, HSBC, ICICI Securities, IIFL Capital, JP Morgan India, SBI Capital, Axis Capital

Should You Apply for Tata Capital IPO?

If you’re looking for long-term exposure to a trusted NBFC backed by the Tata brand, analysts suggest applying. However, the issue appears fully valued, so short-term listing gains may be limited.

⚠️ Disclaimer

The above views are based on analysts’ opinions and market data. Please consult a certified financial advisor before investing.