Tata Capital's IPO opens on October 6, 2025. The total issue size is Rs 15,511 crore. Price band Rs 310-326, lot size 46 shares. GMP Rs 11.5, retail and institutional options available for investors.
Tata Capital IPO 2025: Tata Capital's much-anticipated IPO is set to open for subscription from October 6, 2025. The total issue size of this IPO is Rs 15,511 crore, and it includes both fresh shares and an Offer for Sale for investors. Before investing, it is crucial for investors to understand the price band, lot size, allotment process, and the company's financial performance.
Here are 10 important details related to the Tata Capital IPO that investors should know before making a decision.
1. Tata Capital IPO Issue Size
The Tata Capital IPO is being issued as a book-built issue. Its total issue size is Rs 15,511.87 crore. It comprises two parts. The first part is the issuance of 21 crore fresh shares by the company, aiming to raise approximately Rs 6,846 crore. The second part is an Offer for Sale (OFS) of 26.58 crore shares, amounting to approximately Rs 8,665.87 crore. Thus, the total issue includes both the company's capital increase and the promoter's share sale.
2. IPO Timeline
Tata Capital's public issue will open from October 6, 2025, to October 8, 2025. After the subscription closes, share allotment will be done on October 9, 2025. Subsequently, the shares are proposed to be listed on BSE and NSE on October 13, 2025. Investors are advised to apply on time.
3. Price Band and Lot Size
The price band for this IPO has been fixed at Rs 310 to Rs 326 per share. The lot size for one application is 46 shares.
- For Retail Investors, the minimum investment is approximately Rs 14,996.
- Small Non-Institutional Investors (sNII) will need to apply for at least 14 lots, i.e., 644 shares, which amounts to approximately Rs 2,09,944.
- Big Non-Institutional Investors (bNII) have a lot size of 67 lots, i.e., 3,082 shares, with a total amount of approximately Rs 10,04,732.
4. IPO Issue Structure
- The IPO issue structure of Tata Capital has been designed keeping various categories of investors in mind.
- Approximately 50% of the shares are reserved for Qualified Institutional Buyers.
- Approximately 35% of the shares will be for Retail Investors.
- Approximately 15% of the shares are reserved for Non-Institutional Investors.
This structure will provide ample opportunity for investors from every category.
5. Business Overview of Tata Capital Limited
Tata Capital Limited (TCL), a subsidiary of Tata Sons Private Limited, operates as a Non-Banking Financial Company (NBFC) in India. The company offers various financial products and services to retail, corporate, and institutional clients.
Key Products and Services:
- Consumer loans such as personal loans, home loans, auto loans, education loans, and loans against property.
- Commercial finance including term loans, working capital loans, equipment financing, and lease rental discounting.
- Wealth management services, which include portfolio management, investment advisory, and financial product distribution.
- Investment banking, comprising equity capital markets, merger and acquisition advisory, and structured finance solutions.
- Management of private equity funds and investment and advisory in cleantech finance projects such as renewable energy, waste management, and water management.
As of March 31, 2025, Tata Capital had over 25 lending products. As of June 30, 2025, the company's distribution network spanned 27 states and union territories in India, with 1,516 branches and 1,109 locations.
6. Financial Performance
Tata Capital has demonstrated b performance in the financial year 2025.
Revenue: Rs 28,369.87 crore, indicating a 56% increase.
Profit After Tax (PAT): Rs 3,655.02 crore, with a 10% increase.
Assets: Rs 2,48,465.01 crore, up from Rs 1,76,693.98 crore in the previous year.
EBITDA: Rs 20,338.22 crore, increased from Rs 14,247.76 crore.
Net Worth: Rs 32,587.82 crore, an increase from Rs 23,540.19 crore in the previous year.
Reserves and Surplus: Rs 24,299.36 crore, up from Rs 18,121.83 crore.
Total Borrowing: Rs 2,08,414.93 crore, increased from Rs 1,48,185.29 crore in the previous year.
As of June 30, 2025, for FY26, the company's Revenue was Rs 7,691.65 crore and PAT was Rs 1,040.93 crore.
7. Objective of the IPO
Tata Capital will primarily use the proceeds from its IPO to augment its Tier-I capital base. This will enable the company to meet its future capital requirements and enhance its lending capacity.
8. GMP (Grey Market Premium)
According to market sources, the GMP for Tata Capital IPO is Rs 11.5. This is considered to be approximately 3.5 percent higher compared to the cap price.
9. Book Running Lead Manager
The Book Running Lead Manager for this IPO is Kotak Mahindra Capital Company Limited.
10. Registrar
The Registrar for the Tata Capital IPO is MUFG Intime India Private Limited. Tata Sons Private Limited is the promoter of the company.
