Tata Capital IPO
IPO Listing Details
- Listing Date
13 Oct 2025
- Listing Price
₹330.00
- Listing Change
1.23%
- Last Traded Price
₹325.85
Tata Capital IPO Details
-
Open Date
06 Oct 2025
-
Close Date
08 Oct 2025
-
Listing Date
13 Oct 2025
- IPO Price Range
₹ 310 - ₹326
- IPO Size
₹ 15511.87 Cr
- Listing Exchange
BSE, NSE
Tata Capital IPO Timeline
Tata Capital IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 06-Oct-25 | 0.52 | 0.29 | 0.35 | 0.39 |
| 07-Oct-25 | 0.86 | 0.76 | 0.68 | 0.75 |
| 08-Oct-25 | 3.42 | 1.98 | 1.10 | 1.96 |
Last Updated: 08 October 2025 5:52 PM by 5paisa
Tata Capital Limited is the financial services arm of the Tata Group, operating as a diversified non-banking financial company (NBFC). It provides a broad suite of lending, finance, and financial services to individuals, corporates, SMEs, and institutional clients. Its product portfolio includes consumer finance (personal loans, home loans, auto loans, education loans, loans against property), commercial finance (term loans, working capital financing, equipment financing, lease rental discounting), microfinance, wealth management, and related services. Over time, Tata Capital has built a nationwide footprint with nearly 1500 branches, serving millions of customers across India.
Following regulatory mandates (RBI’s scale-based regulation for “upper layer” NBFCs), Tata Capital is in the process of listing its equity. The company has also undertaken structural steps—such as merging its finance subsidiaries and raising capital via a rights issue—to align with listing requirements and strengthen its balance sheet. In recent years, the company has demonstrated strong growth in its loan book, digital adoption in underwriting and collections, and deeper customer penetration. The Tata brand, its access to group synergies, and a well-diversified financial product suite position it to leverage the rising credit demand across Indian households and businesses.
Established in: 2007
Managing Director: Rajiv Sabharwal
Peers:
| Metric | Tata Capital | Bajaj Finance Limited | Shriram Finance Limited | Cholamandalam Investment and Finance Co. Ltd. | L&T Finance Limited | Sundaram Finance Limited | HDB Financial Services Limited |
| Revenue from Operations FY25 (₹ mn) | 283,127.4 | 696,835.1 | 418,344.2 | 258,459.8 | 159,242.4 | 84,856.3 | 163,002.8 |
| Face Value of Equity Shares (₹) | 10 | 1 | 2 | 2 | 10 | 10 | 10 |
| EPS (Basic) (₹) | 9.3 | 26.89 | 50.82 | 50.72 | 10.61 | 170.53 | 27.40 |
| EPS (Diluted) (₹) | 9.3 | 26.82 | 50.75 | 50.60 | 10.57 | 170.53 | 27.30 |
| Return on Net Worth (%) | 11.2% | 17.35% | 16.83% | 18.01% | 10.34% | 13.74% | 14.57% |
| NAV per Share (₹) | 79.5 | 155.6 | 300.3 | 281.5 | 102.5 | 1,187.8 | 198.8 |
| P/E (x) | [●]# | 32.6 | 12.1 | 28.1 | 19.0 | 26.8 | 27.4 |
| P/B (x) | [●]# | 5.6 | 2.0 | 5.1 | 2.0 | 3.8 | 3.8 |
Tata Capital Objectives
1. Augment the company’s Tier-1 capital base to support future lending growth
2. Support onward lending, including expansion of credit portfolio
3. Enhance brand visibility and credibility through listing
4. Create a public market for its equity shares
5. Provide partial liquidity / exit via Offer for Sale by existing shareholders
Tata Capital IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹ 15,511.87 Cr |
| Offer For Sale | ₹ 8,665.87 Cr |
| Fresh Issue | ₹ 6,846.00 Cr |
Tata Capital IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 46 | 14,260 |
| Retail (Max) | 13 | 598 | 1,94,948 |
| S-HNI (Min) | 14 | 644 | 2,09,944 |
| S-HNI (MAX) | 66 | 3,036 | 9,89,736 |
| B-HNI (Min) | 67 | 3082 | 10,04,732 |
Tata Capital IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.)* |
|---|---|---|---|---|
| QIB (Ex Anchor) | 3.42 | 1,38,71,031 | 32,44,77,652 | 10,577.971 |
| NII (HNI) | 1.98 | 69,35,516 | 14,10,62,634 | 4,598.642 |
| bNII (bids above ₹10L) | 1.90 | 46,23,677 | 9,03,04,808 | 2,943.937 |
| sNII (bids below ₹10L) | 2.14 | 23,11,839 | 5,07,57,826 | 1,654.705 |
| Retail Investors | 1.10 | 46,23,677 | 18,29,12,376 | 5,962.943 |
| Total** | 1.96 | 2,54,89,748 | 65,19,59,840 | 21,253.891 |
*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.
Tata Capital IPO Anchor Allocation
| Anchor Bid Date | October 3, 2025 |
| Shares Offered | 14,23,87,284 |
| Anchor portion Size (In ₹ Cr.) | 4,641.83 |
| Anchor lock-in period end date for 50% shares (30 Days) | November 8, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | January 7, 2026 |
| Particulars (In ₹Crores.) | FY23 | FY24 | FY25 |
|---|---|---|---|
| Revenue | 13,628.8 | 18,174.8 | 28,312.7 |
| EBITDA | 10,763.2 | 14,247.7 | 20,338.2 |
| PAT | 3,029.2 | 3,105.2 | 3,646.6 |
| Particulars (In ₹Crores.) | FY23 | FY24 | FY25 |
|---|---|---|---|
| Total Assets | 1,35,621 | 1,76,939 | 2,48,465 |
| Share Capital | 3,507 | 3,703 | 3,762.4 |
| Total Borrowing | 1,13,335.9 | 1,48,185.2 | 2,08,414.9 |
| Particulars (In ₹Crores.) | FY23 | FY24 | FY25 |
|---|---|---|---|
| Net Cash Generated From / (used in) operating activities | -23,189.6 | -37,998.5 | -29,872.4 |
| Net Cash Generated From / (used in) Investing Activities | -2,269.5 | 5,757.2 | -39.5 |
| Net Cash Generated From / (used in) financing activities | 26,429.5 | 35,952.4 | 29,412.4 |
| Net Increase (Decrease) In Cash And Cash Equivalents | 970.4 | 3,711.1 | -499.6 |
Strengths
1. Strong brand equity and Tata Group backing
2. Diversified financial services product portfolio
3. Large branch network plus digital adoption
4. Deep capital and balance sheet strength
5. Established customer base across segments
Weaknesses
1. Interest rate / credit risk exposure
2. NBFCs are capital-intensive and regulated
3. Profitability sensitive to credit quality
4. High dependence on macro / economic cycles
5. Integration challenges after mergers
Opportunities
1. Rising credit penetration in India
2. Growth in consumption, mortgages, vehicle finance
3. Deepening SME and tier-2 / tier-3 credit markets
4. Cross-selling of financial / wealth services
5. Regulatory push for NBFC listing and scale
Threats
1. Regulatory changes or tougher capital norms
2. Asset quality / non-performing loans risk
3. Competition from banks, fintech lenders
4. Liquidity / funding cost pressures
5. Macroeconomic slowdown or credit contraction
1. Backed by the trusted Tata brand
2. Diversified lending and financial product mix
3. Strong backing, capital buffer, and balance sheet support
4. Leverage on growth in India’s credit markets
5. Opportunity for listing gains, long-term value creation
6. Partial exit via OFS offers some liquidity to early shareholders
7. Potential for healthy future earnings growth, if credit conditions favourable
The Indian credit and NBFC landscape is undergoing transformation, especially with increasing financial inclusion, rising consumer credit needs, and diversification of funding sources. RBI’s scale-based regulation mandates large NBFCs to list, making the timing of Tata Capital’s IPO particularly strategic. With India’s middle class expanding and credit demand rising from affordable housing, consumer durables, vehicles, and SME expansion, Tata Capital is well placed to capture incremental growth. Its mix of digital underwriting, branch presence, multiple product verticals, and brand strength could allow it to scale its credit book while maintaining risk controls. However, success hinges on cost of funds, credit discipline, and navigating regulatory norms. If well executed, the IPO could help cement Tata Capital’s position as a leading, well-capitalised player in India’s credit ecosystem.
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FAQs
Tata Capital IPO opens from October 6, 2025 to October 8, 2025.
The size of Tata Capital IPO is ₹15,511.87 Cr.
The price band of Tata Capital IPO is fixed at ₹310 to ₹326 per share.
Once the Tata Capital IPO is officially open, one can simply follow the process to apply for the IPO:
To apply for Tata Capital IPO, follow the steps given below:
1. Login to your 5paisa demat account and select the issue in the current IPO section
2. Enter the number of lots and the price at which you wish to apply for the Tata Capital IPO
3. Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of the Tata Capital IPO is of 46 shares and the investment required is ₹14,260.
The share allotment date of tata Capital IPO is October 10, 2025
The Tata Capital IPO will likely be listed on October 13, 2025.
Kotak Mahindra Capital Co.ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
1. Augment the company’s Tier-1 capital base to support future lending growth
2. Support onward lending, including expansion of credit portfolio
3. Enhance brand visibility and credibility through listing
4. Create a public market for its equity shares
5. Provide partial liquidity / exit via Offer for Sale by existing shareholders
