Overview
- Shares listed at Rs 330 on NSE and BSE, a 1.2–1.3% premium to the Rs 326 issue price, and finished day one near Rs 330 before slipping the next day.
- The public offering raised Rs 15,511.87 crore, comprising a Rs 6,846 crore fresh issue and a Rs 8,665.87 crore offer for sale.
- Overall subscription was about 1.95–1.96 times, led by QIBs at roughly 3.42 times while retail participation was modest at about 1.10 times.
- Grey-market premium eased to around zero ahead of listing, foreshadowing the subdued debut with little listing-day upside.
- Management said proceeds will strengthen capital and outlined an ambition to double the loan book in roughly three years, while noting asset-quality normalization post the Tata Motors Finance integration.