Tata Capital IPO: A Successful Market Debut with Robust Future Prospects
Tata Capital Ltd, a non-banking financial company, saw its shares listed over 1% higher than the issue price. The IPO was fully subscribed, raising Rs 15,512 crore. Proceeds will bolster the company's capital. The listing aligns with RBI's mandate for upper-layer NBFCs like Tata Capital.
- Country:
- India
Shares of Tata Capital Ltd rose 1.22% on their market debut, trading at Rs 330 from an issue price of Rs 326 on both the BSE and NSE.
The IPO was fully subscribed, raising Rs 15,512 crore, making it the year's largest public offering.
The IPO complies with RBI's mandate for upper-layer NBFCs and will support the company's future capital requirements.
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