Tata Capital IPO Allotment: The much hyped initial public offering (IPO) of the diversified financial services company Tata Capital Ltd, a subsidiary of Tata Sons Pvt Ltd, received decent demand from investors. The bidding period has ended, and now the Tata Capital IPO allotment status has also been finalised.
The mainboard IPO was open for subscription from October 6 to 8. Tata Capital IPO allotment date was October 9, while the IPO listing date is October 13. Tata Capital shares will be listed on both the stock exchanges, BSE and NSE.
Tata Capital IPO allotment status is fixed. As the basis of share allotment is finalised, it will now credit the equity shares into the demat accounts of eligible allotment holders and initiate refunds to unsuccessful bidders on October 10.
Investors can check Tata Capital IPO allotment status online through the websites of BSE and NSE, along with the official portal of the IPO registrar. MUFG Intime India Pvt. Ltd. is the Tata Capital IPO registrar.
In order to do Tata Capital IPO allotment status online check, investors must follow a few simple steps mentioned below. Here are the steps to check Tata Capital IPO allotment status online.
Step 1] Visit BSE website on this link - https://www.bseindia.com/investors/appli_check.aspx
Step 2] Select ‘Equity’ in the Issue Type
Step 3] Choose ‘Tata Capital Limited’ in the Issue Name dropdown menu
Step 4] Enter either Application No. or PAN
Step 5] Verify by ticking on ‘I am not robot’ and click on ‘Search’
Your Tata Capital IPO allotment status will be displayed on the screen.
Step 1] Visit NSE allotment status page on its website here - https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
Step 2] Select ‘Equity and SME IPO bids’
Step 3] Choose ‘Tata Capital Limited’ from the Issue Name dropdown menu
Step 4] Enter your PAN and Application Number
Step 5] Click on Submit.
Your Tata Capital IPO allotment status will be displayed on the screen.
Step 1] Visit IPO registrar website on this link - https://in.mpms.mufg.com/Initial_Offer/public-issues.html
Step 2] Choose ‘Tata Capital Limited’ in the Select Company dropdown menu
Step 3] Select among PAN, App. No., DP ID or Account No.
Step 4] Enter the details as per the option selected
Step 5] Click on Search
Your Tata Capital IPO allotment status will be displayed on the screen.
Tata Capital shares are showing a muted trend in the unlisted market with a lower grey market premium (GMP) today. According to market experts, Tata Capital IPO GMP today is ₹7 per share. This means that in the unlisted market, Tata Capital shares are trading higher by ₹7 apiece than their issue price.
Tata Capital IPO GMP today signals that the estimated listing price of the equity shares would be ₹333 apiece, which is at a premium of 2.15% to the IPO price of ₹326 per share.
The public issue opened for subscription on Monday, October 6, and closed on Wednesday, October 8. Tata Capital IPO allotment date was October 9, Thursday, while the IPO listing date is October 13, Monday. Tata Capital shares will be listed on BSE and NSE.
The Tata Group company raised ₹15,511.87 crore from the book-building issue, which was a combination of fresh issue of 21 crore equity shares worth ₹6,846 crore, and an offer-for-sale (OFS) component of 26.58 crore shares amounting to ₹8,665.87 crore. Tata Capital IPO price band was ₹310 to ₹326 per share.
Tata Capital IPO was subscribed 1.95 times in total, NSE data showed. The Retail Individual Investors (RIIs) category was booked 1.10 times, while the Non Institutional Investors (NII) segment was subscribed 1.98 times. The Qualified Institutional Buyers (QIBs) category received 3.42 times subscription.
Kotak Mahindra Capital Co. Ltd. is the book running lead manager and MUFG Intime India Pvt. Ltd. is the Tata Capital IPO registrar.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
