New Delhi: Tata Capital, a non banking financial company (NBFC), is set to launch India’s largest IPO (initial public offering) of this year. The public issue is worth Rs 15,512 crore and is set to open for subscription on October 6 while closing on October 8, 2025.
Tata Capital IPO
The public offer of Tata Capital includes issuance of fresh equity shares worth 21 crore and Offer For Sale (OFS) of shares of 26.58 crore. Tata Sons, which is the holding company of Tata Group is set to offload 23 crore whereas International Finance Corporation (IFC) is set to offload 3.58 crore shares. Tata Sons holds an 88.6 per cent stake in Tata Capital, while IFC owns a 1.8 per cent holding.
Tata Capital IPO GMP, allotment, listing date
The tentative allotment of shares is expected on Thursday, October 9, 2025 whereas the tentative listing on the stock exchanges is expected on Monday, October 13, 2025. The Grey Market Premium (GMP) of Tata Capital IPO is around Rs 27 as on September 29. It indicates a listing gain of 8.28 percent. However, one must remember that GMP is a volatile and unofficial indiactor. It cannot guarantee anything, gain or loss on listing.
Tata Capital public offer: Price band, lot size and more
The company has fixed a price band in the range of between Rs 310 and Rs 326 per equity share, valuing the NBFC at around Rs 1.38 lakh crore at the top end. The company plans to utilise the proceeds in strenthening the company’s Tier 1 capital base, therby supporting future lending and business growth.
Tata Capital Operations
Tata Group’s NBFC has been growing at a higher rate of 17-18 percent as compared to the market growth rate of about 11 percent, and this has led to their increasing market share in the whole credit landscape.
“NBFCs have been quite innovative, have been quite nimble on both geographical expansion as well as using digital capabilities, being innovative on creating new products, and that has led them to grow at a fairly better pace than the overall growth rate in the market,” Rajiv Sabharwal, Tata Capital Managing Director and Chief Executive Officer told reporters, as quoted by PTI.
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