Tata Capital Share Price Live: Share Continue To Trade Muted
Shortly after the debut, Tata Capital Ltd.'s shares hit an intraday high of 1.84% to trade at Rs 332 after it made tepid market debut of 1.23% on the stock exchanges over its initial public offering price on Monday.
Tata Capital Share Price Live: Shares List Nearly Flat On Exchanges
Tata Capital Ltd. listed at a small premium over its IPO price on Monday, becoming the 17th Tata Group company to be publicly traded. The share price opened at Rs 330 on both the NSE and BSE, compared to the issue price of Rs 326.
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Tata Capital Listing Live: Managing Director And CEO At Listing Ceremony
Sabharwal further added that,
Every milestone of Tata Capital has been built on the values that define us.
Humbled to have grown into one of India's leading diversified financial services institution.
We see ourselves as an enabler of opportunies for induviduals, MSMEs and enterprises.
Remain committed to uplifting lives and fostering progress.
Privileged to have IFC as the JV partner for clean energy business.
Remember N Chandra's guidance: fitness before growth, customer before strategy.
Tata Capital Listing Live: Managing Director And CEO At Listing Ceremony
Tata Capital's CEO and Managing Director, Rajiv Sabharwal at the listing ceremony on Monday said,
Tata Capital's listing marks the culmination of years of dedication since the company's inception.
Bell-ringing will be a celebration of trust, resilience and shared value creation.
Vision guided by three pillars: trust, transparency and technology.
Tata Capital Listing Live: Chairman At Listing Ceremony
Agrawal added,
Tata Capital is defined by the breadth of our products and our best in class asset quality.
Digital, genAI and analytics will be a key enabler and differentiator for Tata cap in the years ahead.
Tata Capital Listing Live: Chairman At Listing Ceremony
He further added,
Need to reflect on the macro context in which we operate.
Recent policy measures have given strong stimulus to domestic demand.
Tata Capital has steadily chartered its own growth path in this ecosystem.
It took us 10 years to reach our first Rs 50,000 cr, but the latest Rs 50,000 cr was added in just one year.
Tata Capital Listing Live: Chairman At Listing Ceremony
Tata Capital's Chairman, Saurabh Agrawal at the listing ceremony on Monday said it is a momentous day for all of us at Tata Capital.
He welcomed the new shareholders and said today marks the beginning of a new phase
He also said that, "we are conscious of our responsibilities, will strive to create sustainable growth."
Tata Capital Listing Live: Emkay Gives 'Add' Rating To The Stock
Domestic brokerage house Emkay Global initiated coverage on the Tata Capital's scrip with an 'Add' rating and a 12-month price target of Rs 360, a 10% potential upside over the IPO price.
Tata Capital Listing Live: Tata Sons Divest Up To 23 Crore Shares
As part of the issue, promoter group Tata Sons divested up to 23 crore shares, while International Finance Corporation (IFC) sold up to 3.6 crore shares through the OFS route.
Tata Capital Listing Live: Tata Capital's CEO On IPO
Tata Capital's CEO and Managing Director, Rajiv Sabharwal ahead of the IPO, emphasised Tata Capital’s long-term vision. "We are very focused on building a company which will last for generations, and our approach there is to create a business model which will grow at high pace and deliver one of the lowest credit cost," he said.
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Tata Capital Listing Live: Tata Capital GMP Ahead Of Listing
The GMP for the Tata Capital IPO stood at Nil as of 7:32 a.m. on October 13. It indicates a listing price of Rs 326 per share at the upper limit of the price band.
Note: GMP does not represent official data and is based on speculation.
Tata Capital Listing Live: IPO Oversubscribed On Day Three
The initial public offering (IPO) of Tata Capital was oversubscribed 1.95 times on the third and final day of bidding on October 8. The IPO received bids for 65,12,29,590 shares against 33,34,36,996 offered.
Tata Capital Listing Live: Shares To Debut On Exchanges Today
Tata Capital is set to list on Oct. 13. The company, a diversified financial services entity and a subsidiary of Tata Sons Pvt. Ltd., was a book-built issue of Rs 15,511.87 crore.
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