The Tata Capital IPO opened for public subscription on October 6, marking the beginning of one of the largest public issues in India this year. By 11:30 AM, the issue had already seen a 19% subscription, reflecting early investor interest in the Tata Group’s flagship financial services company.
Market Performance
- IPO size: Rs 15,512 crore
- Price band: Rs 310–326 per share
- Shares offered: 33 crore
- Day 1 subscription: 19% (approx. 6.5 crore shares)
- Listing date: October 13, 2025, on BSE and NSE
The IPO is structured as a fresh issue of Rs 6,846 crore combined with an offer-for-sale of Rs 8,666 crore, where existing shareholders, including Tata Sons and International Finance Corporation (IFC), are selling 26.58 crore shares.
Subscription Details
- Qualified Institutional Buyers (QIBs): 29% of reserved portion subscribed
- Retail investors: 17% subscribed
- Non-Institutional Investors (NIIs): 11% subscribed
- Minimum investment: 46 shares (~Rs 14,996 at upper price band)
The IPO is set to remain open for public bidding until October 8, with allotments expected by October 9.
Company Overview
Tata Capital Limited is one of India’s leading non-banking financial companies (NBFCs), valued at over Rs 1.31 lakh crore. The firm has a diversified lending portfolio covering:
- Retail finance
- SME and corporate finance
- Housing finance
- Wealth management and fund management services
Proceeds from the fresh issue will strengthen Tata Capital’s Tier-I capital, enabling the company to meet future lending needs and support growth, while the offer-for-sale shares will go to existing shareholders.
Before the public IPO, the company raised Rs 4,641.8 crore from 135 anchor investors on October 3, with the Life Insurance Corporation (LIC) emerging as the largest anchor investor.
Summary
The Tata Capital IPO has started with strong early subscriptions, highlighting the scale and brand strength of the Tata Group in India’s financial services market. With a mix of fresh issue capital and offer-for-sale shares, the IPO provides investors access to one of India’s largest diversified NBFCs.
Key Takeaways:
- IPO size: Rs 15,512 crore with price band Rs 310–326
- Day 1 subscription: 19%
- Fresh issue: Rs 6,846 crore; Offer-for-sale: Rs 8,666 crore
- IPO opens: October 6; closes: October 8
- Shares to list on October 13 on BSE & NSE
- Funds to support Tier-I capital and business growth
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