Key Highlights
- Tata Capital IPO subscribed 75% by October 7, the second day of bidding.
- Retail Individual Investors (RIIs) portion subscribed 0.67 times.
- Qualified Institutional Buyers (QIBs) subscribed 0.86 times.
- Non-Institutional Investors (NIIs) subscribed 0.76 times.
- Employee category saw strong response at 1.95 times.
- Data includes both UPI and Non-UPI bids, as per BSE update at 5 PM.
The Tata Capital Ltd initial public offering (IPO) witnessed 75% overall subscription by the end of the second day of bidding on October 7, as per data released by the BSE. The IPO received bids for 24,96,66,472 shares against the total offer size of 33,34,36,996 shares.
The Qualified Institutional Buyers (QIBs) segment saw a subscription of 0.86 times, with participation from foreign institutional investors, domestic financial institutions, mutual funds, and others.
Non-Institutional Investors (NIIs) subscribed 0.76 times, while the sub-category for bids between ₹2 lakh and ₹10 lakh registered slightly higher demand at 1.05 times.
The retail portion, representing Retail Individual Investors (RIIs), received bids for 11.20 crore shares against 16.61 crore shares on offer, reflecting a 0.67 times subscription. Meanwhile, the employee reserved category saw robust participation with a 1.95 times subscription rate.
As per the BSE, the cumulative data includes both UPI and Non-UPI bids. For UPI applications, only those with “Mandate Accepted by Investor and amount Blocked” status are displayed. The final demand for UPI bids will be updated until 7:00 PM on the closing day of the IPO.