Tata Capital IPO
Open MainLineCurrent GMP
₹5 (+1.53%)
Price Band
₹ 310 – 326
Lot Size
46
Issue Size
₹15511.87 Cr
Minimum Investment
₹14996 (46 Shares)
Listing Date
13 October 2025
Subscription
1.95x
About the Company
Tata Capital Limited (TCL), incorporated as a wholly owned subsidiary of Tata Sons Private Limited, is a diversified financial services company operating as a Non-Banking Financial Company (NBFC) in India. The company provides a broad range of financial products and services to retail, corporate, and institutional clients, addressing both lending and non-lending needs.
Key Business Segments & Offerings
- Consumer Loans: Personal loans, home loans, auto loans, education loans, and loans against property.
- Commercial Finance: Term loans, working capital finance, equipment financing, and lease rental discounting.
- Wealth Management: Portfolio management, investment advisory, and distribution of financial products.
- Investment Banking: Equity capital markets, mergers & acquisitions advisory, and structured finance solutions.
- Private Equity: Managing funds that invest in companies with high growth potential.
- Cleantech Finance: Financing and advisory services for renewable energy, energy efficiency, waste management, and water management projects.
Scale & Reach
As of March 31, 2025, TCL offers a comprehensive suite of 25+ lending products, catering to a wide customer base including salaried and self-employed individuals, entrepreneurs, small businesses, SMEs, and corporates.
The company has built a strong PAN-India presence with 1,496 branches across 27 States and Union Territories.
Non-Lending Businesses
In addition to lending, TCL operates in non-lending areas such as:
- Distribution of third-party products including insurance and credit cards
- Wealth management services for retail and high-net-worth individuals (HNIs)
- Private equity investments through dedicated funds
Competitive strengths - Flagship financial services company of the Tata group
- Third largest diversified NBFC in India, with the most comprehensive lending product suite
- Omni-channel distribution model, comprising our pan-India branch network, partnerships and digital platforms
- Prudent risk culture and robust credit underwriting and collections capabilities
- Digital and analytics at the core of our business
- Highest credit rating with a diverse liability profile
- Consistent track record of strong financial performance
- Experienced management backed by a team of dedicated professionals
Promoters
- Tata Sons Private Limited
Promoters Holding
Holding Pre Issue
95.60%
Holding Post Issue
85.50%
Objects of the Issue
The Company Tata Capital IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Augmentation of our Company’s Tier – I capital base to meet our Company’s future capital requirements including onward lending
Address / Contact Info
Tata Capital Ltd.
11th Floor, Tower A, Peninsula Business Park,
Ganpatrao Kadam Marg,
Lower Parel, Mumbai - 400013
Mumbai, Maharashtra, 400013
Phone: +91 022 6606 900
Email: investors@tatacapital.com
Website: https://www.tatacapital.com/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Monday, 06 October 2025
IPO Close Date
Wednesday, 08 October 2025
Basis of Allotment
Thursday, 09 October 2025
Initiation of Refunds
Friday, 10 October 2025
Credit of Shares to Demat
Friday, 10 October 2025
Listing Date
Monday, 13 October 2025 — NSE & BSE
Important Dates
Open Date
06 October 2025
Close Date
08 October 2025
Basis Of Allotment
09 October 2025
Listing Date
13 October 2025
Financial Performance (₹ in Crores)
| Particular | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 252254.28 | 248465.01 | 176693.98 | 135626.1 |
| Revenue | 7691.65 | 28369.87 | 18198.38 | 13637.49 |
| Profit After Tax | 1040.93 | 3655.02 | 3326.96 | 2945.77 |
| Net Worth | 32761.73 | 32587.82 | 23540.19 | 17959.06 |
| Reserve & Surplus | 29260.88 | 24299.36 | 18121.83 | 11899.32 |
| Total Borrowings | 211851.6 | 208414.93 | 148185.29 | 113335.91 |
EPS Pre
9.06%
EPS Post
9.81%
P/E Pre
35.99
P/E (Post Issue)
33.24x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|
| ROE % | 12.6 | 15.5 | 20.6 |
| ROCE % | 0 | 0 | 0 |
| Debt / Equity | 6.6 | 6.3 | 6.5 |
| RoNW % | 11.2 | 13.4 | 16.9 |
| PbW | 0 | 0 | 0 |
| Pat Margin % | 0 | 0 | 0 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 94924856 | 28.47 | 0 |
| Non-Institutional | 71193642 | 21.35 | 0 |
| BNII | 47462428 | 14.23 | 0 |
| SNII | 23731214 | 7.12 | 3611271 |
| Retail Investors | 166118498 | 49.82 | 0 |
| Employees | 1200000 | 0.36 | 0 |
| Total | 333436996 | 100 | 0 |
Subscription Status ( Wed, 08 Oct 25 01:32 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 94924856 | 324477652 | 3.42x |
| Non-Institutional | 71193642 | 141067142 | 1.98x |
| BNII | 47462428 | 90304808 | 1.9x |
| SNII | 23731214 | 50762334 | 2.14x |
| Retail Investors | 166118498 | 182178400 | 1.1x |
| Employees | 1200000 | 3507454 | 2.92x |
| Total | 333436996 | 651230648 | 1.95x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Tata Capital Limited | 10 | 0.00 | 9.30 | 9.30 | 11.20 | 79.50 |
| Bajaj Finance Limited | 1 | 37.80 | 26.90 | 26.80 | 17.40 | 155.60 |
| Shriram Finance Ltd | 2 | 12.10 | 50.80 | 50.80 | 16.80 | 300.30 |
| L&T Finance Limited | 10 | 23.10 | 10.60 | 10.60 | 10.30 | 102.50 |
| HDB Financial Services Ltd | 10 | 28.10 | 27.40 | 27.30 | 14.60 | 198.80 |
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 46 | 14,996.00 |
| Retail (Max) | 13 | 598 | 194,948.00 |
| S-HNI (Min) | 14 | 644 | 209,944.00 |
| S-HNI (Max) | 66 | 3,036 | 989,736.00 |
| B-HNI (Min) | 67 | 3,082 | 1,004,732.00 |
Registrar
MUFG Intime India Private Limited ((Link Intime)
91-22-4918 6270
ipo.helpdesk@in.mpms.mufg.com
https://in.mpms.mufg.com/home.html
Book Running Lead Managers
- Citigroup Global Markets India Private Limited
- IIFL Capital Services Limited
- J.P. Morgan India Private Limited
- ICICI Securities Limited
- Hdfc Bank Limited
- Kotak Mahindra Capital Company Limited
- Hsbc Securities & Capital Markets Pvt Ltd
- Bnp Paribas
- Axial Capital Private Limited
- SBI Capital Markets Limited
RHP Document
DRHP Document
Anchor Investors
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Tata Capital IPO is a Book-building IPO worth ₹15511.87 crores. The price band is ₹310 to 326 per share. The IPO opens on Mon, Oct 6, 2025 and closes on Wed, Oct 8, 2025. It will be listed on BSE and NSE. MUFG Intime India Private Limited ((Link Intime) is the registrar.
The Tata Capital IPO opens on Mon, Oct 6, 2025 and closes on Wed, Oct 8, 2025
Tata Capital IPO Price Band is ₹310 to 326.
Tata Capital IPO lot size is 46, and the minimum amount required for application is ₹14996.
The minimum investment for Tata Capital IPO is approximately ₹14996 based on the upper price band.
To apply for the Tata Capital IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Wed, Oct 8, 2025. After submission, funds are blocked until the basis of allotment of Tata Capital IPO is finalised.
Tata Capital IPO issue size is ₹15511.87 crores.
Tata Capital IPO allotment date is Sat, Jun 27, 2026.
The registrar for Tata Capital IPO is MUFG Intime India Private Limited ((Link Intime). Investors can go to MUFG Intime India Private Limited ((Link Intime) website for IPO allotment status, refund processing, and other queries related to Tata Capital IPO through their official website or helpline.
The Tata Capital IPO GMP (Grey Market Premium) is ₹2 as of Sat, Oct 11, 2025. Based on the upper price band of ₹326 per share, the estimated Tata Capital IPO listing price is ₹328, indicating a potential listing gain of approximately 31% over the issue price.