Keep money ready! Read all the necessary information from IPO of Tata Capital coming from the coming Tata Capital

IPO There is good news for investors investing in money. Tata Capital’s IPO is coming. According to the information received, Non-Banking Financial Company (NBFC) Tata Capital has filed updated documents before the market regulator SEBI to bring an initial public issue of 47.58 crore. According to the documents (DRHP) filed before the Securities and Exchange Board of India (SEBI), the proposed IPO is a combination of 21 crore new shares and 26.58 crore shares. The sales offer includes Rs 23 crore shares of Tata and 3.58 crore shares of International Finance Corporation (IFC).

Tata Group’s second IPO will be

The company had earlier filed IPO documents through a confidential route in April and also got SEBI approval in July. After this, companies have to file an updated DRHP before filing RHP. Sources said that the size of the IPO could be two billion US dollars, which would evaluate the company to about 11 billion US dollars. If this IPO was successful, it will be the largest initial stock sales in the country’s financial sector. This will be the second IPO of the Tata group in recent year after the Tata Technologies are listed in November 2023.

RBI gave instructions

The Reserve Bank of India has issued guidelines for listed by the end of September to large shadow banks including Tata Capital. This move of the Tata group is in line with the compulsory requirement of the RBI under which the “high -level” NBFC is required to be listed within three years of the notification, ie by September 2025. Tata Capital Financial Services, which merged with Tata Capital in January 2024, is in the list of regulators.

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