Tata Investment Shares Soar 12% As Tata Capital Plans For Rs 17,000 Crore IPO

Tata Capital Plans Rs 17,000 Crore IPO.

Expert Analysis:

• A surge in Tata Investment Corporation Shares: Tata Investment Corporation’s shares surged by up to 12%, reaching Rs 7,314, following news of Tata Capital’s $2 billion (Rs 17,000 crore) IPO.

• Authorized IPO Process: Tata Group authorized Kotak Investment Banking to initiate the IPO process, with plans to appoint additional bankers by January.

• Market Capitalization and Shareholding: Tata Capital's market capitalization is Rs 36,473.64 crore, with Tata Sons holding 93.22% of shares in Tata Capita.

• Unlisted Share Price and Valuation: Tata Capital’s unlisted shares rose from Rs 450 in December 2023 to Rs 1,100 in April 2024, giving the company a valuation of Rs 3.5 lakh crore with 3.74 billion shares outstanding by FY24-end.