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.
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.
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.
