Tata Capital’s IPO Draws Goldman Sachs, Morgan Stanley Funds

Tata Capital Ltd.’s $1.7 billion initial public offering attracted anchor investors including funds managed by Morgan Stanley, Goldman Sachs Group Inc. and Nomura Holdings Inc. as well as domestic mutual funds and insurers.

The company allocated 46.4 billion rupees ($523 million) of shares to the investors ahead of its listing, which opens for public subscription on Monday, according to an exchange filing confirming an earlier Bloomberg News report.

Life Insurance Corp. of India received the biggest allocation, taking 15% of the anchor shares, while funds managed by ICICI Prudential Asset Management Co., HDFC Asset Management Co. ...