Moreover, in November 2024, Tata Group of companies launched, “Tata Technologies IPO valued at Rs 3,042.51 crores, with the OFS process of ₹up to 60,850,278 equity shares of ₹2 each. Though it was OFS, IPO proceeds were utilized for shareholders and offer-related expenses.
Furthermore, the Tata Technology IPO was subscribed 69.43x on the last day and listed at ₹1,327 on NSE with a 165.4% premium against the cutoff price of ₹500, and on the BSE ₹1,326.25 with a premium of 165.25% as of 30th November 2024.
As Tata Group is one of the most substantial and famous and got the green signal for the “Tata Capital” IPO, it has a major impact on the “Tata Investment” firm’s share. Additionally, Tata Investment’s share price was ₹5,760.00 on 24th Feb 2025, while after the Tata Capital IPO approval, this share jumped ₹6,213.40 on 25th Feb 2025 respectively, and the company’s market capitalization stands at ₹31,460.16 crore.
Tata Capital’s unlisted shares are majorly affected owing to Tata Capital’s IPO announcement. The share was ₹850 on 17th March 2024, and as of 26th February, the share price is ₹1050. This share has jumped approximately 20% due to Tata Capital’s IPO approval.
Till now, a total of 23 companies of the Tata Group are listed in the stock market, however, the “Tata Capital” IPO is the second largest IPO this year and has the possibility of being highly subscribed like “Tata Technology”.
Significantly, the company has decided to offer a right issue of ₹1504 crore shares to its current shareholders to have a better financial position, as the record date for the rights issue is 25th February 2025. Moreover, this step makes the company’s capital stronger, instead of selling to the general public.
The market condition is down right now, there are fluctuations in various share prices, however, there might be a chance that IPO listing will be bumper and as per public expectation, owing to the company’s strong financial background and reputation in the market.
Further, RBI (Reserve Bank of India) has launched a new rule regarding NBFC (Non-Banking Financial Companies) categorized as “upper layer” institutions to list their shares, Tata Capital has decided to list the company’s shares on the stock exchanges.
Tata Capital was classified as an upper-layer NBFC in September 2022, which entails a public listing within a three-year timeframe. So we can expect the Tata Capital IPO to hit the market soon.
