IPO Subscription Overview
The Tata Capital Ltd IPO concluded with remarkable success, reflecting considerable investor confidence. The initial public offering (IPO) was oversubscribed
by 1.95 times on its final bidding day. This indicates that the demand for shares exceeded the number available. Overall, the public offer received total bids for 65.12 crore shares, surpassing the 33.34 crore shares on offer. This strong response underscores the positive reception of the IPO in the market. The non-institutional investor (NII) category experienced particularly high interest, being subscribed 7.6 times. The IPO closed for subscription on October 9, solidifying the successful outcome.
Investor Category Analysis
Different investor segments displayed varying levels of participation in the Tata Capital IPO. Qualified institutional buyers (QIBs) submitted bids for 32.44 crore equity shares, exceeding the 9.49 crore shares available to them. This signifies strong interest from institutional investors. Retail investors also actively participated, bidding for 18.28 crore equity shares compared to the 16.61 crore shares offered, resulting in a subscription of 1.1 times. The retail portion got oversubscribed, as retail investors placed bids for 6.76 crore shares, against the 3.56 crore shares offered to them, marking a subscription of 1.9 times. This diverse engagement highlights the broad appeal of the IPO across different investor groups.
LG Electronics IPO
Concurrently, LG Electronics India's IPO also witnessed a favorable response from investors. The offering, valued at Rs 11,607 crore, was oversubscribed by 3.32 times on its second bidding day. The IPO received total bids for 23.71 crore shares, significantly exceeding the 7.13 crore shares on offer. The strong subscription rate reflects investor enthusiasm for LG Electronics. The QIBs placed bids for 5.27 crore shares compared to 2.03 crore shares offered to them, representing a 2.59 times subscription, showcasing robust institutional investor interest.
Non-Institutional Investor Interest
The Non-Institutional Investor (NII) category showcased significant interest in the Tata Capital IPO. The NII category was subscribed 7.6 times. This high subscription rate underscores the interest from this particular segment of investors. This demonstrates the robust interest from a key investor category, further contributing to the overall positive outcome of the IPO.
