Tata Capital’s Rs 15,512-crore IPO, one of the year’s largest, will open for subscription with strong anchor investor participation. Priced at Rs 310-326 per share, the third-largest diversified NBFC is valued slightly below industry average, offering headroom for investors. Brokerages broadly recommend “Subscribe” given its strong financials and Tata Group backing.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets