Tata Capital

Tata Capital’s initial public offering (IPO) witnessed a 20% subscription on its opening day, signaling robust investor interest in the financial services sector. The offering, aimed at raising funds for expansion, debt repayment, and business growth, attracted participation from both retail and institutional investors. Analysts highlight that the early response reflects market confidence in Tata Capital’s strong brand, diversified portfolio, and growth trajectory in India’s lending and investment ecosystem.

Tata Capital has formally moved ahead in its journey toward becoming a publicly listed entity by submitting an updated draft red herring prospectus (DRHP) to the Securities and Exchange Board of India (Sebi). This revision follows Sebi’s earlier observations and signals the company’s readiness to align with regulatory expectations as it prepares for its much-anticipated initial public offering.