Tata Capital IPO Day 3: GMP, Subscription Status, Price, Review, Date, Apply or Not?

The Tata Capital IPO has entered its final day of subscription today, October 8, 2025, giving investors one last chance to bid for shares in the Tata Group’s flagship NBFC (Non-Banking Financial Company). The ₹15,511.87 crore public issue, which opened on October 6, has attracted strong market attention and steady participation across investor categories.

Tata Capital IPO Price Band & Listing Details

The IPO is priced between ₹310 and ₹326 per equity share, and will be listed on both BSE and NSE. According to the schedule, the Tata Capital IPO allotment date is expected on October 9, 2025, with the listing likely on October 13, 2025.

Of the total issue size, ₹6,846 crore will be raised through a fresh issue, while ₹8,665.87 crore will come via an Offer for Sale (OFS) by existing shareholders. Investors can apply in lots of 46 shares.

Tata Capital IPO GMP (Grey Market Premium)

As of October 8, 2025, the Tata Capital IPO GMP stands at ₹13, according to market observers. While the premium dipped in the initial days, it has now stabilized as sentiment in the secondary market improved. Analysts say this steady GMP reflects investor confidence in Tata Capital’s brand strength and long-term business fundamentals.

Tata Capital IPO Subscription Status (Day 3, 10:48 AM)

As of Wednesday morning:

Overall Subscription: 0.87 times

Retail Investors: 0.79 times

Non-Institutional Investors (NII): 0.95 times

Qualified Institutional Buyers (QIB): 0.96 times

Though the subscription figures appear moderate, experts note that given the large issue size, these numbers represent a healthy investor response.

Analyst Reviews: Should You Subscribe?

Most brokerages have given the Tata Capital IPO a ‘Subscribe’ rating, emphasizing the company’s strong fundamentals, brand trust, and growth prospects in India’s evolving financial services sector.

Kunvarji Finstock Research

“We recommend subscribing to Tata Capital IPO with a long-term view. The company has a strong brand legacy, diversified loan portfolio, and a robust distribution network. With RBI’s recent rate cuts improving liquidity, the company is well-positioned for expansion.”

They also highlighted Tata Capital’s weighted average EPS of 8.9 and RoNW of 12.9% over the last three fiscal years. Based on annualized FY25 earnings, the P/E ratio stands at 35.05x at the upper price band.

BP Equities

“At a P/BV of 4.1x (FY25), Tata Capital appears reasonably valued. We recommend investors to subscribe from a medium- to long-term perspective.”

Several other firms — including Anand Rathi, Aditya Birla Money, Canara Bank Securities, LKP Securities, and Ventura Securities — have also issued positive recommendations.

Tata Capital IPO — Quick Facts

Issue Dates: October 6–8, 2025

Price Band: ₹310 – ₹326

Lot Size: 46 shares

Total Issue Size: ₹15,511.87 crore

Allotment Date: October 9, 2025

Listing Date: October 13, 2025

Registrar: MUFG Intime India Pvt. Ltd.

Lead Managers: Kotak Mahindra Capital, BNP Paribas, Citigroup, HDFC Bank, ICICI Securities, Axis Capital, and others

Final Verdict: Apply or Not?

With solid fundamentals, a powerful brand legacy, and consistent analyst confidence, the Tata Capital IPO looks promising for investors seeking long-term wealth creation rather than short-term listing gains. However, investors should evaluate their risk appetite and consult financial advisors before investing.

Disclaimer

The opinions and recommendations above belong to independent analysts and brokerage firms. Investors are advised to consult with certified financial experts before making any investment decisions.