Tata Capital ends 1.6% higher at ₹330.50 on Day 1 of listing

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Shares of Tata Capital made muted debut on Monday by listing at a modest premium of ₹330 on the NSE and ₹330.40 on the BSE against its issue price of ₹326.

On the NSE, the stock closed at ₹330.50, up 1.56 per cent from the issue price, with a traded volume of 11.76 crore shares worth ₹3,877.90 crore.

The total market capitalisation stood at ₹1.40 lakh crore. On the BSE, the stock closed at ₹330.40, gaining 1.35 per cent over the issue price, with a turnover of ₹328.94 crore and market cap of ₹1,40,250.47 crore.

During the day, the stock moved in a narrow range of ₹326.25-₹333 on the NSE and between ₹₹326.15 and ₹332.80 on the BSE.

The listing reflected the tepid response the IPO received during its subscription period, where the issue was subscribed 1.23 times overall. The portion of qualified institutional buyers was subscribed 1.95 times and non-institutional investors by 1.98 times and retail Investors by 1.10 times, indicating cautious participation.

The deliverable quantity per centage on the NSE stood at 69.42 per cent, signalling investors’ interest in holding the stock.

Prashanth Tapse, Senior VP (Research) at Mehta Equities Ltd, said “Listing was inline with our expectations; given the muted subscription demand and overall cautious investor sentiment.” He recommended allotted investors to “Hold for the long term” while suggesting non-allotted investors to “adopt a ‘wait and watch’ approach.”

Shivani Nyati, Head of Wealth at Swastika Investmart Ltd, said the listing was “rather subdued compared to market expectations” despite being India’s largest IPO of 2025. She advised investors to “consider booking partial profits near listing levels while holding some shares for the long term”.

The IPO consisted of a fresh issue of ₹6,846 crore and an offer-for-sale (OFS) of ₹8,665.87 crore by existing shareholders - Tata Sons and IFC. Ahead of the IPO, the company received strong backing from anchor investors, who collectively committed ₹4,642 crore. Global investment banks such as Morgan Stanley, Goldman Sachs and Nomura too participated besides domestic heavyweights.

The funds raised through the fresh equity issuance will be utilised to strengthen Tata Capital’s Tier-I capital base, supporting its future growth and lending activities.