Top News

• Tata Capital’s £ 15,512 crore iPO was completely booked on the last day
• Price Strip: than 3 310 to ₹ 326 per share
• Good response from retail investors too

Tata Capital IPO Marathi News: Tata Capital was completely booked on the last day of applying IPO. Tata Capital LimitedThe initial public public public public public Rs 90 crore was opened on Monday (October 7) for the application and today was the last day to apply for issue.

According to the NSE websiteTill 3:00 pm, the issue received a subscription of 1.99 times. Compared to the shares offered for a total of 1,9,9,9 shares, the issue got the bid for 1,3,1,949 shares. Most of the demands came from eligible institutional buyers (QIB) who booked the IPO at 5.99 times. Non-institutional investors (NII) subscribed 1.99 times and retail investors subscription 1.5 times.

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Tata Capital IPO Listing Date

The shares are expected to finalize October 7 under Tata Capital IPO. The company will start the repayment process on October 7. Shares of Tata Capital are expected to be listed on BSE and NSE on Monday, October 7.

Fifty percent of the IPOs were reserved for eligible institutional buyers (QIB), 5 percent non-organization investors (NII) and at least 5 percent retail investors. In addition, 1.5 million equity shares were reserved for employees.

Tata Capital IPO GMP

The IPO of Tata Capital is getting a slow response in the Gray Market. According to sources in the Gray Market, on October 7, the unlisted shares of the IPO of Tata Capital were dealing with 19.9.1. This shows the ipo price of the 90’s price from the top end of the strap, a discount of 90.5 or 5 percent.

Gray Market Premium (GMP) is an unauthorized amount. She represents investors who are ready to pay more than IPO’s issue. This transaction occurs when shares are not yet listed in the market. The GMP measures the interest and demand of the market. High GMP shows the enthusiasm of investors, which increases the chances of making a profit on the day of listing. Showing a lack of interest in low or negative GMP investment.

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