Tata Capital's IPO Raises $1.75bn, Shares Rise 1.37% on Debut

Tata Capital made a muted market debut with shares rising 1.37% after a $1.75 billion IPO, fully subscribed by institutional investors, non-institutional bidders, and retail investors. The IPO was priced at ₹326 per share, the upper end of its price band. Tata Capital offers financial services, including retail loans, SME financing, corporate solutions, and infrastructure lending. India has been a vibrant IPO market this year, with 146 IPOs raising $7.2 billion in Q3 and a nine-month total of 254 IPOs raising $11.8 billion.