Tata Capital IPO is one of the most awaited public issues of 2025. The IPO will open on October 6, 2025 and close on October 8, 2025. Investors can apply within this three-day window. The price band is fixed between ₹310 and ₹326 per share. The basis of allotment will be announced on October 9, 2025, and the listing is scheduled for October 13, 2025 on BSE and NSE.
The company aims to raise about ₹15,511.87 crores through a combination of fresh issue of ₹6,846 crores and an offer for sale of 26,58,24,280 equity shares. With a strong brand name, rising financials, and stable profitability, many long-term investors are watching this IPO closely.
Tata Capital reported a revenue of ₹28,369.87 crores in 2025 compared to ₹18,198.38 crores in 2024. Profit also increased to ₹3,655.02 crores in 2025. Based on recent performance, the IPO is mainly being seen as a long-term investment opportunity.
Contents
Tata Capital IPO Key Highlights
| IPO detail | Information |
|---|---|
| IPO open date | October 6, 2025 |
| IPO close date | October 8, 2025 |
| Face value | ₹10 per share |
| Price band | ₹310 to ₹326 |
| Issue size | Approx ₹15,511.87 crores |
| Fresh issue | Approx ₹6,846 crores |
| Offer for sale | Approx 26,58,24,280 shares |
| Issue type | Book built |
| Listing | BSE and NSE |
| Allotment date | October 9, 2025 |
| Listing date | October 13, 2025 |
| DRHP Draft Prospectus | View PDF |
| RHP Draft Prospectus | View PDF |
The table summarises all essential IPO details in one place so investors can quickly check dates, prices, and listing information.
Open: 6-8 Oct 2025 Issue Size: ₹15,511.87 Cr. Objective: Increase core capital for future lending, follow RBI rules. Exchange: NSE BSE
Tata Capital IPO
Tata Capital IPO Market Lot
Retail investors must understand the minimum and maximum application size clearly.
| Category | Lot Size | Shares | Amount (Approx) |
|---|---|---|---|
| Retail – Minimum | 1 | 46 | ₹14,996 |
| Retail – Maximum | 13 | 598 | ₹1,94,948 |
| S-HNI – Minimum | 14 | 644 | ₹2,09,944 |
| B-HNI – Minimum | 68 | 3,082 | ₹10,04,732 |
The lot size table helps investors calculate the exact investment needed across retail, S-HNI and B-HNI categories.
- Also Read:
- Mittal Sections IPO
IPO Reservation Breakdown
| Investor Category | Shares Offered | Percentage |
|---|---|---|
| QIB | 23.73 crore | 49.87% |
| NII | 7.11 crore | 14.96% |
| Retail | 16.61 crore | 34.91% |
| Employees | 12 lakh | 0.25% |
This shows how the IPO shares are divided among investor categories. Retail investors get nearly 35% of the issue.
Anchor Investor Details
| Particular | Detail |
|---|---|
| Anchor bidding date | October 3, 2025 |
| Anchor Investors List | View PDF |
| Shares offered to anchors | 14,23,87,284 |
| Anchor size | ₹4,641.83 crores |
| Lock-in for 50% shares (30 days) | November 8, 2025 |
| Lock-in for remaining 50% (90 days) | January 7, 2026 |
Anchor investors provide stability to large IPOs. Their lock-in dates indicate when big investors may sell.
Tata Capital IPO Timeline
| Event | Date |
|---|---|
| IPO Opens | 6 October 2025 |
| IPO Closes | 8 October 2025 |
| Basis of Allotment | 9 October 2025 |
| Refunds | 10 October 2025 |
| Credit to Demat | 10 October 2025 |
| Listing | 13 October 2025 |
| Cut-off Time | 8 October 2025, 5 PM |
This timeline shows the step-by-step schedule from opening day to stock market listing.
Promoters and Shareholding Pattern
| Particular | Shares | % Holding |
|---|---|---|
| Pre-Issue Holding | 4,03,48,69,037 | 95.6% |
| Post-Issue Holding | 4,24,48,69,037 | 85.5% |
| Promoter | Tata Sons Pvt Ltd | — |
Tata Sons continues to remain the strong promoter of Tata Capital even after dilution.
Object of the Issue
The funds raised through the fresh issue will mainly be used to strengthen the company’s Tier-I capital base and support future business growth including onward lending.
About Tata Capital
Tata Capital is a prominent financial services provider registered with the Reserve Bank of India. The company offers retail, corporate and institutional financial products through multiple subsidiaries.
Key points:
• AUM in 2024: ₹1,58,479 crore
• Tata Sons owns 92.83% equity
• Investments by Tata Sons over the last five years total ₹6,097 crore
Tata Capital is widely viewed as a stable, customer-centric and diversified financial services company.
Financial Performance
The company has shown strong growth over the last three years.
| Year | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2023 | ₹13,637.49 cr | ₹9,847.63 cr | ₹2,945.77 cr | ₹1,35,626.10 cr |
| 2024 | ₹18,198.38 cr | ₹13,794.78 cr | ₹3,326.96 cr | ₹1,76,693.98 cr |
| 2025 | ₹28,369.87 cr | ₹23,448.73 cr | ₹3,655.02 cr | ₹2,48,465.01 cr |
Revenue has nearly doubled in two years, and profitability remains consistent, showing strong business expansion.
Valuation Metrics – FY2025
| KPI | Value |
|---|---|
| EPS (Basic) | ₹9.3 |
| RoE | 12.6% |
| RoNW | 11.2% |
| NAV | ₹79.5 |
| P/E Ratio | Not Available |
These metrics help investors compare Tata Capital’s valuation against other NBFCs.
Peer Comparison
This comparison gives a broad perspective of where Tata Capital stands among major NBFCs.
| Company | EPS | PE | RoNW | NAV | Income |
|---|---|---|---|---|---|
| Bajaj Finance | 26.89 | 32.6 | 17.35% | 155.6 | ₹69,683 cr |
| Shriram Finance | 50.82 | 12.1 | 16.83% | 300.3 | ₹41,834 cr |
| Chola Finance | 50.72 | 28.1 | 18.01% | 281.5 | ₹25,845 cr |
| L&T Finance | 10.61 | 19.0 | 10.34% | 102.5 | ₹15,924 cr |
| Sundaram Finance | 170.53 | 26.8 | 13.74% | 1187.8 | ₹8,485 cr |
| HDB Financial | 27.40 | 27.4 | 14.57% | 198.8 | ₹16,300 cr |
Lead Managers
The IPO is being handled by multiple top-tier merchant bankers including:
• Kotak Mahindra Capital
• HDFC Bank
• ICICI Securities
• SBI Capital Markets
• BNP Paribas
• Citi
• HSBC
• JP Morgan
• IIFL Capital
• Axial Capital
Company Contact Details
Tata Capital Ltd,
11th Floor, Tower A, Peninsula Business Park,
Lower Parel, Mumbai – 400013
Email: investors@tatacapital.com
Registrar: MUFG Intime India Pvt. Ltd.
Email: tatacapital.ipo@in.mpms.mufg.com
Frequently asked questions
What is Tata Capital IPO?
It is a mainboard IPO worth approximately ₹15,511.87 crores with a price band of ₹310 to ₹326 per share.
When does the IPO open?
It opens on October 6, 2025 and closes on October 8, 2025.
How much is reserved for each investor category?
QIB gets 50%, NII gets 15%, and retail investors get 35% of the offer.
How can you apply?
You can apply through ASBA via your bank or using UPI through your stock broker. Offline forms can also be submitted through brokers.
What is the allotment and listing date?
Allotment will take place on October 9, while the listing is scheduled for October 13, 2025.
Expert Comment
Tata Capital’s IPO is backed by one of India’s strongest business groups. The company has delivered consistent growth in revenue, assets and profitability over the last three years. The fresh capital infusion will support expansion in retail and corporate lending.
Given its brand strength, diversified portfolio and stable earnings, the IPO appears suitable for long-term investors. Short-term listing gains may depend on market conditions, but the long-term fundamentals remain robust.
