The allotment for the highly anticipated Tata Capital IPO is expected to be finalized today, October 9, 2025, marking a crucial step for investors eager to know their application status. The IPO, which closed on October 8, 2025, saw a subscription of 1.96 times, with strong participation from various investor categories.
Subscription Details
The ₹15,511.87 crore IPO witnessed significant interest from qualified institutional buyers (QIBs), whose portion was subscribed 3.42 times. Non-institutional investors (NIIs) subscribed 1.98 times, while the retail investor category was booked 1.10 times. The employee segment saw a subscription of 2.92 times.
Grey Market Premium (GMP)
The grey market premium (GMP) for the Tata Capital IPO has seen a declining trend. On October 8, 2025, the GMP stood at ₹6, a significant drop from its peak of ₹30 during the initial bidding days. Some reports indicate a GMP of ₹7. This suggests a modest listing premium, with an estimated listing price of ₹332, based on the upper price band of ₹326. However, it's important to note that GMP is speculative and subject to change based on market sentiment.
Allotment and Listing
The basis of allotment is expected to be finalized today, October 9, 2025. Allotted shares are expected to be credited to investors' demat accounts by October 10, 2025. For those who do not receive allotment, refunds will be initiated on or around the same date. The tentative listing date for the Tata Capital IPO on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) is October 13, 2025.
How to Check Allotment Status
Investors can check their allotment status through multiple channels:
- BSE and NSE Websites: The official websites of the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) will provide allotment status updates.
- Registrar Website: MUFG Intime India Pvt. Ltd., the registrar for the IPO, will also provide allotment details on its website.
Factors to Consider
- Company Fundamentals: Tata Capital is the flagship financial services company of the Tata Group, offering a diverse portfolio of lending products and services. The company's strengths include its strong brand recognition, diversified loan portfolio, and extensive distribution network.
- Financial Performance: Tata Capital has demonstrated consistent profitability, with a healthy return on equity. The company's total gross loans have grown at a significant CAGR over the past few years.
- Risks: Investors should be aware of potential risks, including valuation pressures, interest rate sensitivity, and contingent liabilities.
Expert Opinion
Analysts suggest that while the GMP indicates limited listing gains, Tata Capital is a reliable long-term investment. The company's strong fundamentals and the Tata Group's credibility make it an attractive option for long-term investors.
The Tata Capital IPO marks a significant event in the Indian primary market. While the grey market premium suggests a muted listing, the company's strong fundamentals and growth potential make it a compelling investment for the long term. Investors are advised to keep track of the allotment status and listing updates as they become available.
