Tata Capital IPO subscription steady on Day 3; Allotment on October 13

Tata Capital IPO maintains steady subscription momentum as allotment approaches, backed by Tata brand strength and financial sector growth prospects.

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Tata Capital IPO subscription steady on Day 3; Allotment on October 13

Tata Capital IPO subscription steady on Day 3; Allotment on October 13
Tata Capital’s IPO, open since October 5, has seen steady participation from retail and institutional investors entering Day 3. Priced at ₹310-₹326 per share, the issue aims to raise funds for business expansion, debt reduction, and general corporate purposes. Allotment is scheduled for October 13. Analysts highlight sustained demand driven by Tata Group’s brand reputation, stable financials, and growing investor confidence in India’s diversified financial services sector, signaling a positive reception ahead of listing.