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Tata Capital IPO: The Reserve Bank of India (RBI) has designated Tata Capital Financial Services as a systemically important non-banking financial company (NBFC).
Tata Group plans to launch Tata Capital IPO soon.
Tata Capital IPO Update: Tata Capital, a subsidiary of the Tata Group, has taken a significant step towards its initial public offering (IPO). The company recently approved plans to list on the stock exchange, marking the second IPO for the Tata Group in recent years.
Tata Capital IPO Details
According to Reuters reports, Tata Capital’s IPO will involve the issuance of 23 crore new shares. Additionally, existing shareholders will have the opportunity to sell a portion of their holdings through an offer for sale (OFS). This strategic move comes after Tata Capital initiated discussions with investment bankers and received the green light to proceed with the listing process.
Tata Capital’s Significance
Tata Capital holds a crucial position within the Tata Group, serving as the primary financing arm for various group entities. The company offers a wide array of financial products and services, catering to individuals, businesses, and institutions. Its offerings include personal loans, mortgages, credit cards, investment banking services, and life insurance, among others.
Regulatory Requirements and Future Outlook
The Reserve Bank of India (RBI) has designated Tata Capital Financial Services as a systemically important non-banking financial company (NBFC). This classification mandates stricter regulatory compliance and necessitates the company to go public within a specified timeframe. Tata Capital’s IPO aligns with these regulatory requirements while providing an opportunity to unlock value and fuel future growth.
Tata Technologies IPO
Tata Technologies experienced a stellar debut on the stock market on November 30, listing at a remarkable 140 percent premium over its initial public offering (IPO) price. The stock commenced trading at Rs 1,200 on the National Stock Exchange (NSE) and Rs 1,199.95 on the Bombay Stock Exchange (BSE), significantly higher than its IPO price of Rs 500.
The IPO received an overwhelming response from investors across all categories, amassing over 73.38 lakh applications. The public offer was subscribed 69.43 times, with the portion allocated to qualified institutional buyers (QIBs) being oversubscribed by a staggering 203.41 times.
The segments reserved for non-institutional investors (NIIs) and retail investors were subscribed 62.11 times and 16.50 times, respectively, highlighting the strong demand for the company’s shares.
