Tata Capital IPO Price: ₹310 to ₹326 per share
IPO Dates: 6th October 2025 – 8th October 2025
Company Overview
Tata Capital Limited (TCL), incorporated in 1991, is the flagship financial services arm of the Tata Group and a wholly-owned subsidiary of Tata Sons Private Limited. Categorised as an Upper Layer NBFC by the RBI, Tata Capital offers a wide range of lending and non-lending financial services catering to retail, corporate, and institutional customers across India.
The company serves 7.3 million customers since it began lending operations in 2007 and, as of June 30, 2025, manages Total Gross Loans of ₹2,334 billion, making it the third-largest diversified NBFC in India.
Key Offerings
Tata Capital provides a comprehensive suite of 25+ lending products, including:
- Consumer Loans: Personal, home, auto, education loans, and loans against property.
- Commercial Finance: Term loans, working capital loans, 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 for high-growth companies.
- Cleantech Finance: Advisory and financing solutions for renewable energy, waste management, and water management projects.
In addition, the company distributes third-party products like insurance and credit cards, offers wealth management services to HNIs and retail clients, and manages private equity businesses.
Distribution Network
As of June 30, 2025, Tata Capital has built an extensive pan-India presence with:
- 1,516 branches across 1,109 locations in 27 States and Union Territories
- Support from 30,000 DSAs, 400 OEMs, 8,000 dealers, and 60+ digital partners
The branch network has grown at a CAGR of 58.3% between March 2023 and June 2025, strengthening the company’s reach to retail and SME segments.
Business Strategies
Tata Capital aims to continue its strong growth trajectory through:
Harnessing its merger with TMFL to become a full-stack vehicle finance provider.
Expanding product offerings and distribution network.
Strengthening risk management and collections framework.
Leveraging technology and data analytics to improve efficiency and customer experience.
Maintaining high credit ratings and a diversified liability mix for cost optimisation.
Investing in talent acquisition and training to build a skilled workforce.
Competitive Strengths
- Flagship financial services company of the Tata Group with a legacy of 150+ years
- 3rd largest diversified NBFC in India, with the most comprehensive lending suite
- Omni-channel distribution model – branches, partnerships, and digital platforms
- Robust risk management and credit underwriting capabilities
- Digital-first approach, leveraging technology and analytics
- Highest credit rating (AAA) from CRISIL, ICRA, CARE, and India Ratings
- Consistent financial performance with attractive asset quality
- Experienced leadership team backed by skilled professionals
Bidding Starts In
Tata Capital IPO Specifics:
| IPO Date | October 6, 2025 to October 8, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹310 to ₹326 per share |
| Lot Size | 46 Shares |
| Total Issue Size | 47,58,24,280 shares (aggregating up to ₹15,511.87 Cr) |
| Fresh Issue | 21,00,00,000 shares (aggregating up to ₹6,846.00 Cr) |
| Offer for Sale | 26,58,24,280 shares of ₹10 (aggregating up to ₹8,665.87 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 4,03,48,69,037 shares |
| Share Holding Post Issue | 4,24,48,69,037 shares |
Tata Capital IPO Timetable (Important Dates)
| IPO Open Date | Monday, October 6 2025 |
| IPO Close Date | Wednesday, October 8 2025 |
| Tentative Allotment | Thursday, October 9 2025 |
| Initiation of Refunds | Friday, October 10 2025 |
| Credit of Shares to Demat | Friday, October 10 2025 |
| Listing Date | Monday, October 13 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 8, 2025 |
Tata Capital IPO Lot Size
Bidders have the opportunity to bid for a minimum of 46 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 46 | ₹14,892 |
| Retail (Max) | 13 | 598 | ₹1,94,948 |
| S-HNI (Min) | 14 | 644 | ₹2,09,944 |
| S-HNI (Max) | 66 | 3036 | ₹9,89,736 |
| B-HNI (Min) | 67 | 3082 | ₹10,04,732 |
Tata Capital IPO Reservation
| QIB Shares Offered | Not more than 50% of the Net offer |
| Retail Shares Offered | Not less than 35% of the Offer |
| NII (HNI) Shares Offered | Not less than 15% of the Offer |
Tata Capital Limited IPO Financial Information
| Period Ended | 31 Mar 2023 | 31 Mar 2024 | 31 Mar 2025 | 30 Jun 2025 |
|---|---|---|---|---|
| Assets | 1,35,626.10 | 1,76,693.98 | 2,48,465.01 | 2,52,254.28 |
| Total Income | 13,637.49 | 18,198.38 | 28,369.87 | 7,691.65 |
| Profit After Tax | 2,945.77 | 3,326.96 | 3,655.02 | 1,040.93 |
| EBITDA | 10,763.22 | 14,247.76 | 20,338.22 | 5,565.86 |
| NET Worth | 17,959.06 | 23,540.19 | 32,587.82 | 32,761.73 |
| Reserves and Surplus | 11,899.32 | 18,121.83 | 24,299.36 | 29,260.88 |
| Total Borrowing | 1,13,335.91 | 1,48,185.29 | 2,08,414.93 | 2,11,851.60 |
Key Performance Indicator – Tata Capital IPO
| KPI | Values |
|---|---|
| Market Cap | ₹138382.73 Cr |
| EPS | ₹9.06 |
| P/E (x) | 35.99 |
| ROE | 12.6% |
| Debt/Equity | 6.60 |
| RoNW | 11.2% |
Objects of the Issue:
Tata Capital Limited proposes to utilize the net proceeds from its Initial Public Offering (IPO) for the following purpose:
Augmentation of Tier-I Capital Base: The company will allocate the proceeds towards strengthening its Tier-I capital base to meet future capital requirements, including onward lending.
Prospectus Links:
Prospectus: Official documents that provide detailed information about the IPO and the company.
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