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Tata Capital is coming out with its much-awaited IPO at a price band of
₹310 – ₹326 per share.
The issue size is about
₹15,511 crore, split between a fresh issue and an offer for sale by Tata Sons and IFC.
Subscription will open on
6 October 2025 and close on
8 October 2025.
The IPO is priced nearly
55% lower than recent unlisted share prices, offering investors a fresh entry point into the Tata Group’s flagship NBFC.
All details as per Red Herring Prospectus filed in Sep 2025.
All You Need to Know
Corporate Action
| ProStocks Client Communication | Last updated: 03 Oct 2025
Key IPO Details
| Company | Tata Capital Limited |
|---|
| IPO Size | ~₹15,511 crore (Fresh + OFS) |
|---|
| Fresh Issue | ~21.0 crore shares (~₹6,846 crore) |
|---|
| Offer for Sale (OFS) | ~26.58 crore shares (~₹8,665 crore) by Tata Sons & IFC |
|---|
| Price Band | ₹310 – ₹326 per share (FV ₹10) |
|---|
| Lot Size | 46 shares (min. investment ~₹14,260) |
|---|
| Post-issue Valuation | ₹1.32 – ₹1.38 lakh crore approx. |
|---|
| Issue Type | Book Built Issue |
|---|
| IPO Dates | Opens 6 Oct 2025 • Closes 8 Oct 2025 |
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| Allotment Date | 9 Oct 2025 (expected) |
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| Demat Credit / Refunds | 10 Oct 2025 (expected) |
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| Listing Date | 13 Oct 2025 (tentative) |
|---|
Anchor bidding opens 3 Oct 2025. Final listing date subject to approvals and market conditions.
Investor Categories & Reservation
- QIB (Qualified Institutional Buyers): Up to 50% of the net issue
- NII (Non-Institutional Investors): At least 15% of the issue
- Retail Investors: At least 35% of the issue
- Employees: Reservation of up to 12,00,000 shares
- No “shareholder category”: Unlike some past Tata IPOs, there is no special quota for existing Tata shareholders.
Valuation Context
In the unlisted market, Tata Capital shares had been quoted around ₹700–735 per share prior to the IPO announcement.
With the IPO priced at ₹310–₹326, the public issue comes at a ~55% discount to those levels.
This sharp markdown is designed to ensure full subscription, offer entry opportunity to retail investors, and reset valuations that had run up in the grey market.
Business Overview
Tata Capital is the flagship financial services arm of the Tata Group, classified by the RBI as an “upper-layer NBFC”.
It operates across consumer finance, commercial lending, wealth management, and capital markets.
Funds from the fresh issue will be used for strengthening capital adequacy, expanding loan book, and general corporate purposes.
Risks & Considerations
- Credit / NPA risk: As with all NBFCs, performance depends on asset quality and macroeconomic cycles.
- Listing premium may be limited: Conservative pricing could mean modest listing gains.
- Unlisted investors impacted: Those who purchased earlier at higher prices may face losses.
- Regulatory compliance: IPO is also fulfilling RBI’s mandate for upper-layer NBFCs to list.
© ProStocks. Tata Capital IPO details as per Red Herring Prospectus (Sep 2025) and public announcements. This blog is for educational purposes only and is not investment advice.
