Tata Capital is moving ahead with its much-anticipated initial public offering (IPO). According to reports, the company has filed an updated confidential draft red herring prospectus (DRHP), a key step toward its planned stock market debut. This update comes as part of RBI’s mandate requiring all non-banking financial companies (NBFCs) classified as ‘upper layer’ to list publicly by September.
Tata Capital’s IPO aims to align with RBI’s listing norms for large NBFCs.
Tata Investment Shares React Positively
News of the updated IPO filing sparked strong investor interest in Tata Investment Corporation, a listed entity under the Tata Group. The stock surged over 6% intraday, hitting a high of ₹6,950 on the NSE. It later trimmed gains but was still trading 4.45% higher at ₹6,832 around noon.
The jump in Tata Investment shares reflects growing optimism around Tata Capital’s IPO and its potential to unlock group value.
This surge follows two days of market decline, indicating renewed investor confidence in the Tata Group’s financial sector play.
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Key Details of Tata Capital IPO
As per a report by NDTV Profit, the IPO will feature:
Tata Sons offloading up to 23 crore shares
International Finance Corporation (IFC) selling 3.58 crore shares
Fresh issuance of up to 21 crore shares by Tata Capital
The listing is also expected to enhance the Tata Group’s presence in India’s listed financial services space, a move that aligns with the group’s broader expansion goals.
Strategic Move Ahead of RBI Deadline
The IPO not only fulfills a regulatory requirement but also presents a strategic opportunity for Tata Capital to tap public markets for future growth. The RBI’s directive for upper-layer NBFCs to go public by September 2025 is pushing many large players to accelerate their listing plans.
