Tata Capital Sees Muted Market Debut, Lists At 1.23% Premium — Check Key Highlights

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 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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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'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.

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.