Tata Capital IPO: Will It Deliver a Listing Surprise? GMP Picks Up Ahead of Big Day

The long-awaited Tata Capital IPO listing is on the horizon after a grueling three days of price wars. The allotment, which was to be shared with others, was confirmed on October 9, and thus the IPO is to be one of the most followed ones in 2023 on Dalal Street.

Before the company’s shares start trading on the bourses, here are some important points investors should note.

Detailed IPO Information

Price Range: ₹310–₹326

IPO Duration: 6th-8th of October, 2025

GMP in Grey Market: ~₹5.5 (as of October 10)

Date when IPO allotment will be done: 9th October, 2025

Listing Date (Tentative): October 13, 2025.

The demand for shares was very strong from all categories during the three-day bidding period:

Qualifying Institutional Buyers (QIBs): 3.42 times over-subscribed

Non-Institutional Investors (NII): 1.98 times over-subscribed

Retail Investors (RI): 1.10 over-subscribed

The total number of shares offered was 1.95 times oversubscribed, which indicates that there was a good demand for the issue even if that demand was mainly from the non-retail investors’ side.

Grey Market Movement: Listing Anticipation Grows

The initial days of the Tata Capital IPO GMP saw it at ₹30, which indicated a lot of optimism in the market. Later on, it fell to ₹3.50 but then made a small recovery to ₹5.5. This price indicates that the listing price may be around ₹332–333, which is slightly above the upper limit of the price band.

Investors need to take note of the fact that: GMP is unstable definitely and not a formal signal—it moves along with market sentiment.

IPo Process and Earnings

The total IPO of ₹15,511.87 crore was made up of:

New Issue: ₹6,846 crore (21 crore shares)

OFS: ₹8,665.87 crore (26.58 crore shares) by Tata Sons and IFC

The proceeds from the issue of new shares will be used first of all to enhance the Tier-1 capital of Tata Capital and then to grow the business. The proceeds from the sale of the existing shares will go completely to the selling shareholders. The money will be spent mainly on:

Retail lending expansion

Digital lending platforms investment

Infrastructure project financing

How to Find Out Online the Status of the Tata Capital IPO Allotment

Investors can find out about their allotment through:

Registrar (MUFG Intime): Click on ‘Tata Capital,’ fill in PAN & application number

BSE Portal: Click on ‘Equity,’ choose ‘Tata Capital’ & provide the necessary details

NSE Portal: Click on ‘Equity,’ choose ‘Tata Capital,’ and fill in PAN & application number

It is anticipated that shares will be deposited into demat accounts by the 10th of October, before the tentative listing date of the 13th of October.

Bottom Line: Things Investors Should Be Aware Of

The IPO of Tata Capital is drawing a lot of attention due to the fact that it was heavily subscribed by institutions and there was only a small gain in the GMP. It is also a signal from the company that it expects to grow its business in the long run, since it is using the IPO proceeds for expansion.

On the contrary, the retail investors’ view is different as they have to be cautious: the gains upon listing may not be huge and the market sentiment can turn around in no time.

Keep your ear to the ground on GMP, allotments, and listing so that you can take educated guesses and, hence, make wise investments when the stock gets listed on BSE and NSE.