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Tata Capital IPO is a bookbuilt issue of ₹15,511.87 crore. It combines a fresh issue of 21.00 crore shares aggregating to ₹6,846.00 crore and offer for sale of 26.58 crore shares aggregating to ₹8,665.87 crore.
The IPO opens for subscription on October 6, 2025, and closes on October 8, 2025. The allotment is expected to be finalized on Thursday, October 9, 2025. The price band for the IPO is set at ₹310 to ₹326 per share, and the minimum lot size for an application is 46 shares.
Company Summary
Tata Capital Limited (TCL) is a diversified financial services company and a subsidiary of Tata Sons Private Limited. TCL operates as a non-banking financial company (NBFC) in India, offering a wide range of financial products and services to retail, corporate, and institutional customers.
As of March 31, 2025, it has a comprehensive suite of 25+ lending products, catering to a diverse customer base including salaried and self-employed individuals, entrepreneurs, small businesses, small and medium enterprises, and corporates.
As of June 30, 2025, it has an extensive PAN-India distribution network comprising 1,516 branches spanning 1,109 locations across 27 States and Union Territories.
In addition to the lending business, it also operates in non-lending segments like distribution of third-party products like insurance, credit cards, wealth management services to HNIs and retail clients, and the Private equity business.
Company Offerings
- Consumer Loans: Personal loans, home loans, auto loans, education loans, and loans against property.
- Commercial Finance: Term loans, working capital loans, equipment financing, and lease rental discounting for businesses.
- Wealth Management: Services including portfolio management, investment advisory, and distribution of financial products.
- Investment Banking: Equity capital markets, mergers and acquisitions advisory, and structured finance solutions.
- Private Equity: Managing funds that invest in companies with significant growth potential.
- Cleantech Finance: Financing and advisory services for projects in renewable energy, energy efficiency, waste management, and water management.
Company Strengths
- Flagship financial services company of the Tata group
- Third-largest diversified NBFC in India, with the most comprehensive lending product suite
- Omni-channel distribution model, comprising our pan-India branch network, partnerships and digital platforms
- Prudent risk culture and robust credit underwriting and collections capabilities
- Digital and analytics are at the core of our business
- Highest credit rating with a diverse liability profile
- Consistent track record of strong financial performance
- Experienced management backed by a team of dedicated professionals
Company Financials
| Period Ended | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 2,52,254.8 | 2,48,465.01 | 1,76.693.98 | 1,35,626.1 |
| Total Income | 7,691.65 | 28.369.87 | 18,198.38 | 13,637.49 |
| Profit After Tax | 1,040.93 | 3,655.08 | 3,326.96 | 2,945.77 |
| EBITDA | 5,565.86 | 20,338.22 | 14,247.76 | 10,763.22 |
| Net Worth | 32,761.73 | 32,5878.82 | 23,540.19 | 17,959.06 |
| Reserves and Surplus | 29.260.88 | 24.299.36 | 18.121.83 | 11,899.32 |
| Total Borrowing | 2,11,851.6 | 2,08,414.93 | 1,48,185.29 | 1,13,335.91 |
| Amount in ₹ Crore | ||||
Objectives of IPO
Augmentation of our Company’s Tier-I capital base to meet our Company’s future capital requirements, including onward lending
Promoters of the company
Tata Sons Private Limited is the promoter of the company.
IPO Details
| IPO Date | October 6, 2025 to October 8, 2025 |
| Listing Date | October 13, 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 upto ₹15,511.87 Cr ) |
| Fresh Issue | 21,00,00,000 shares (aggregating upto ₹6,846.00 Cr ) |
| Offer for Sale | 26,58,24,280 shares of ₹10 (aggregating upto ₹8,665.87 Cr ) |
| Issue type | Bookbuilding IPO |
| Listing at | NSE, BSE |
| Share Holding Pre Issue | 4,03,48,69,037 shares |
| Share Holding Post Issue | 4,24,48,69,037 shares |
Category Reservation Table
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
| Only RII | Upto Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Upto Rs 5 lakhs | Yes |
| Employee + RII/NII | 1. Employee limit: Upto Rs 5 lakhs (In certain cases, employees are given a discount if the bidding amount is upto Rs 2 Lakhs) 2. If applying as RII: Upto Rs 2 Lakhs 3. If applying as NII: sNII > Rs 2 Lakhs and upto Rs 10 Lakhs, and bNII > Rs 10 lakhs | Yes for Employee and RII/NII |
Lot Allocation Details
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 46 | ₹14,996.00 |
| Retail (Max) | 13 | 598 | ₹1,94,948.00 |
| S-HNI (Min) | 14 | 644 | ₹2,09,944.00 |
| S-HNI (Max) | 66 | 3,036 | ₹9,89,736.00 |
| B-HNI (Min) | 67 | 3,082 | ₹10,04,732.00 |
Allotment Schedule
| Basis of Allotment | Thu, 9 Oct, 2025 |
| Initiation of Refunds | Fri, 10 Oct, 2025 |
| Credit of Shares to Demat | Fri, 10 Oct, 2025 |
| Tentative Listing Date | Mon, 13 Oct, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 8, 2025 |
IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
| QIB Shares Offered | 23,73,12,140 (49.87%) | NA |
| NII (HNI) Shares Offered | 7,11,93,642 (14.96%) | NA |
| Retail Shares Offered | 16,61,18,498 (34.91%) | 36,11,271 |
| Employee Shares Offered | 12,00,000 (0.25%) | NA |
| Total Shares Offered | 47,58,24,280 (100.00%) |
Source – SEBI, Chittorgarh
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