Tata Capital IPO
Tata Capital IPO
Overview
Tata Capital Ltd. is a book build issue of ₹15,511.87 crores. The issue is a combination of fresh issue of 21.00 crore shares aggregating to ₹6,846.00 crores and offer for sale of 26.58 crore shares aggregating to ₹8,665.87 crores. Tata Capital IPO opens for subscription on Oct 6, 2025 and closes on Oct 8, 2025. The allotment for the Tata Capital IPO is expected to be finalized on Oct 9, 2025. Tata Capital IPO will list on BSE, NSE with a tentative listing date fixed as Oct 13, 2025. Tata Capital IPO price band is set at ₹310.00 to ₹326.00 per share . The lot size for an application is 46. The minimum amount of investment required by an retail is ₹14,996 (46 shares) (based on upper price). The lot size investment for sNII is 14 lots (644 shares), amounting to ₹2,09,944, and for bNII, it is 67 lots (3,082 shares), amounting to ₹10,04,732. Kotak Mahindra Capital Co.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Total Shares
47,58,24,280
Issue Size
₹15,511.87 Cr
Price Band
₹310 – ₹326
Lot Size
46 shares
Min. Investment
₹14,996
Max. Investment
₹1,94,948
Open Date
06 Oct, 2025
Close Date
08 Oct, 2025
Allotment
09 Oct, 2025
Listing
13 Oct, 2025
Max. Investment
₹1,94,948
Announced
06 Oct, 2025
Opening Date
06 Oct, 2025
Closing Date
08 Oct, 2025
Basis of Allotment
09 Oct, 2025
Initiation of Refunds
10 Oct, 2025
Credit of Shares
10 Oct, 2025
Listing Date
13 Oct, 2025
Live GMP
Est. Listing: ₹331
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About Tata Capital IPO
Tata Capital Limited (TCL), the flagship financial services company of the Tata Group, is one of India’s leading non-banking financial companies (NBFCs). It offers a wide range of financial solutions to retail, corporate, and institutional clients across the country, combining trust, innovation, and a strong brand legacy. Tata Capital operates through multiple subsidiaries and provides over 25 financial products, making it a comprehensive financial services provider in India.
Tata Capital IPO Company Information
Tata Capital Limited (TCL) serves as the flagship NBFC / financial services arm of the Tata Group, operating under Tata Sons Private Limited. Established in 2007, it has expanded across multiple verticals, including consumer finance (home loans, auto loans, personal loans), SME & commercial lending, cleantech / green financing, wealth & investment banking services, and leasing operations.
Financially, in the quarter ended March 2025, Tata Capital Ltd. witnessed a strong uptick in performance, with revenue from operations increasing roughly 50% year-over-year—from ₹4,998 crore in Q4 FY24 to ₹7,478 crore in Q4 FY25. Over the same period, consolidated profit after tax (PAT) rose about 31%, from ₹765 crore to ₹1,000 crore. (As reported in company filings and press sources.)
Tata Capital IPO Share Price
Issue Breakdown
Shareholding
Dilution: 5.2% increase in shares
Tata Capital IPO Promoters Holding
Tata Capital IPO Financial Health
Tata Capital Ltd.'s revenue increased by 56% and profit after tax (PAT) rose by 10% between the financial year ending with March 31, 2025 and March 31, 2024.
Tata Capital IPO Lot Size
Investors can bid for a minimum of 46 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 46 | ₹14,996 |
| Retail (Max) | 13 | 598 | ₹1,94,948 |
| S-HNI (Min) | 14 | 644 | ₹2,09,944 |
| S-HNI (Max) | 66 | 3036 | ₹9,89,736 |
| B-HNI (Min) | 67 | 3082 | ₹10,04,732 |
(All values in CR)
Tata Capital IPO Valuations
The market capitalization of Tata Capital IPO is ₹138382.73 Cr. KPI as of Mon, Mar 31, 2025.
| Metric | Value |
|---|---|
| ROE | 12.6 |
| Debt/Equity | 6.60 |
| RoNW | 11.2 |
| Price to Book Value | 4.10 |
(All values in CR)
Tata Capital IPO Strength & Risk
Tata Capital IPO Strength:
- 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 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.
Tata Capital IPO Risk:
- Rising loan impairments and stressed assets.
- Decline in provision coverage ratio, reducing buffer against bad loans.
- High share of unsecured lending, which is riskier in defaults.
- Significant exposure to real estate and housing finance.
- Rising cost of borrowings may pressure margins.
- Integration challenges after merger with Tata Motors Finance.
- Potential overvaluation compared to industry peers.
- Past compliance issues could draw regulatory scrutiny.
Tata Capital IPO Subscriptions Status
Tata Capital IPO subscribed 1.79 times. The public issue subscribed 1.04 times in the retail category, 3.05 times in QIB (Ex Anchor), and 1.85 times in the NII category by October 8, 2025 3:14:37 PM (Day 3).
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| Anchor | 1.00 | 14,23,87,284 | 14,23,87,284 | 4 |
| QIB (Ex Anchor) | 3.05 | 9,49,24,856 | 28,93,58,400 | 9 |
| Non-Institutional Buyers | 1.85 | 7,11,93,642 | 13,13,63,856 | 4 |
| bNII (bids above ₹10L) | 1.74 | 4,74,62,428 | 8,27,94,296 | 2 |
| sNII (bids below ₹10L) | 2.05 | 2,37,31,214 | 4,85,69,560 | 1 |
| Retail | 1.04 | 16,61,18,498 | 17,22,08,590 | 5 |
| Employees | 2.77 | 12,00,000 | 33,21,062 | 108.267 |
| Total | 1.79 | 33,34,36,996 | 59,62,51,908 | 19 |
Tata Capital IPO GMP
Tata Capital IPO last GMP is ₹4.5, last updated Oct 8th 2025 01:59 PM. With the price band of 326.00, Tata Capital IPO's estimated listing price is ₹330.5 (cap price + today's GMP).The expected percentage gain/loss per share is 1.38%. >> Tata Capital IPO Retail Subject to Sauda: ₹200 >> Tata Capital IPO Small HNI Subject to Sauda: ₹2800 The lowest GMP is ₹4.50, while the highest GMP is ₹30.00.
Last updated 08 Oct, 2025 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 08 Oct, 2025 | 326 | ₹4.5▼ | 200/2800 | ₹330.5 (1.38%) | 207 | 08 Oct, 2025 |
| 07 Oct, 2025 | 326 | ₹6▼ | 200/2800 | ₹332 (1.84%) | 276 | 07 Oct, 2025 |
| 06 Oct, 2025 | 326 | ₹12.5▲ | 400/5600 | ₹338.5 (3.83%) | 575 | 06 Oct, 2025 |
| 05 Oct, 2025 | 326 | ₹7.5▼ | 300/4200 | ₹333.5 (2.30%) | 345 | 05 Oct, 2025 |
| 04 Oct, 2025 | 326 | ₹9▼ | 300/4200 | ₹335 (2.76%) | 414 | 04 Oct, 2025 |
| 03 Oct, 2025 | 326 | ₹13▼ | 500/7000 | ₹339 (3.99%) | 598 | 03 Oct, 2025 |
| 02 Oct, 2025 | 326 | ₹20▼ | 700/9800 | ₹346 (6.13%) | 920 | 02 Oct, 2025 |
| 01 Oct, 2025 | 326 | ₹22 | 800/11200 | ₹348 (6.75%) | 1012 | 01 Oct, 2025 |
| 30 Sep, 2025 | 326 | ₹22▼ | 800/11200 | ₹348 (6.75%) | 1012 | 30 Sep, 2025 |
| 29 Sep, 2025 | 326 | ₹27▼ | 900/12600 | ₹353 (8.28%) | 1242 | 29 Sep, 2025 |
| 28 Sep, 2025 | 0 | ₹28▲ | - | ₹28 (0.00%) | - | 28 Sep, 2025 |
| 27 Sep, 2025 | 0 | ₹20▼ | - | ₹20 (0.00%) | - | 27 Sep, 2025 |
| 26 Sep, 2025 | 0 | ₹30 | - | ₹30 (0.00%) | - | 26 Sep, 2025 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for Tata Capital IPO
Login to Your Trading App
Open Zerodha, Upstox, Groww, Angel One, or any brokerage app.
Go to IPO Section
Find Tata Capital IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
Enter UPI ID and Submit
Provide your UPI ID linked to your bank account and submit the application.
Approve Mandate on UPI App
Open your UPI app (Google Pay, PhonePe, Paytm, BHIM) and approve the IPO payment request.
Application Confirmed
Your funds will be blocked in your account until the IPO allotment process is completed.
Tata Capital Ltd. IPO – Key IPO Details & Structure
The Tata Capital IPO will open for subscription from October 6, 2025 to October 8, 2025, and the stock is expected to list on Monday, October 13, 2025. Each share carries a face value of ₹10, and the price band has been fixed between ₹310 and ₹326 per share. Investors will need to bid in multiples of 46 shares (i.e. lot size = 46).
This offering is structured as a Book-building IPO combining both fresh capital and shares sold by existing shareholders. In total, 47,58,24,280 shares are being offered, aggregating up to ₹15,511.87 crore. Of these:
Fresh issue: 21,00,00,000 shares (≈ ₹6,846.00 crore)
Offer for sale (OFS): 26,58,24,280 shares (≈ ₹8,665.87 crore)
The listing will be dual — on both BSE and NSE. Before the IPO, the total shares outstanding are 4,03,48,69,037, and post-IPO, this is expected to rise to 4,24,48,69,037 shares.
Tata Capital Ltd. IPO – Financials & Valuation Lens
Recent Financial Performance
Tata Capital’s FY25 and Q4 FY25 results reflect strong expansion. According to public disclosures, the company delivered a consolidated PAT of ₹3,655 crore in FY25, up from ₹3,327 crore in FY24. Revenues surged from ₹18,175 crore to ₹28,313 crore.
In Q4 FY25 alone, revenues jumped from ₹4,998 crore to ₹7,478 crore (50% YoY), and PAT rose 31% to ₹1,000 crore.
Still, it’s worth noting that on the standalone side, Tata Capital’s net profit in the March 2025 quarter dipped 15.7% compared to the same quarter prior (₹654.79 crore vs ₹776.92 crore) due to higher expenses, provisioning, or funding cost pressures.
Valuation & Market Reaction
The IPO price band of ₹310–₹326 represents a sharp discount relative to recent unlisted valuations. In fact, many unlisted investors bought at levels as high as ₹1,000+ per share, which has created a 125%+ break-even gap for them.
In terms of implied valuation, the company and its bankers are targeting post-money valuations in the $16.5 billion range (₹1.3-1.5 lakh crore).
How to Apply for Tata Capital Ltd. IPO
Choose an Application Platform: Select a SEBI-registered intermediary such as Zerodha, Groww, Angel One, or Bigul.
Complete KYC: Ensure your Know Your Customer (KYC) process is completed with the chosen platform.
Initiate Application: Navigate to the IPO section and select the Tata Capital Ltd. IPO.
Enter Application Details: Provide your PAN number, Demat account details, and select the number of lots you wish to apply for.
Payment Authorisation: Use your UPI ID to authorize the blocking of funds for the application amount.
Confirm and Submit: Review your application details and submit the application
Tata Capital Ltd. IPO Strengths & Opportunities
Backing of the Tata brand lends strong credibility and investor confidence.
Large scale, diversified NBFC operations allow spread of risk.
Ability to tap underserved segments, digital technology, and new credit areas offers growth runway.
The listing will enhance transparency, governance, and access to public markets.
Risks & Challenges
Interest rate environment: As an NBFC, cost of borrowing and margins are sensitive to interest rates.
Asset quality: NPAs / credit risk in lending portfolio is a key risk.
Competition: From banks, fintech lenders, peer NBFCs.
Regulatory & macro risk: Changes in RBI / SEBI regulations, macro slowdown.
Listing risk: Market volatility may affect listing gains or subscription.
Execution risk: Raising capital is one thing; deploying it well is another.
Tata Capital Ltd. IPO – Concluding Thoughts
The Tata Capital Ltd. IPO 2025 is a landmark offering: a regulatory-driven listing, a large capital raise, and a major NBFC stepping into public markets. While the steep discount may temper expectations regarding explosive listing gains, it also adds a margin of safety for new investors. Success over the medium to long term will hinge on how well Tata Capital executes on credit growth, manages risk, controls costs, and maintains governance and transparency.
FAQs About Tata Capital Ipo
Tata Capital IPO will open on and close on . Investors must apply within this period to participate.
The Tata Capital IPO price band is set between ₹0.00 and ₹0.00 per share. The minimum lot size is 0, requiring an investment of at least ₹0.00.
The Tata Capital IPO shares are expected to be listed on , subject to regulatory approvals and final allotment.
You can track your Tata Capital IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Tata Capital IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.
Investors looking to participate in the Tata Capital Ltd. IPO must apply in multiples of 46 shares, making the minimum investment range approximately ₹14,260 to ₹14,996 depending on the final issue price. This ensures eligibility for retail allotment while complying with SEBI guidelines.
The Tata Capital Ltd. IPO is structured as a combination of fresh issue and offer for sale. Out of the total 47.58 crore shares, 21 crore shares are issued as fresh capital to strengthen the company’s balance sheet, while 26.58 crore shares are offered by existing shareholders, providing them with liquidity.
The shares of Tata Capital Ltd. IPO are expected to be listed on BSE and NSE on October 13, 2025, following the completion of the subscription period from October 6 to October 8, 2025. Allotment and refunds will be processed before the listing date.
Tata Capital Ltd. has reported strong financial growth with a 50% increase in revenue for the quarter ended March 2025, reaching ₹7,478 crore, and a 31% rise in consolidated profit after tax to ₹1,000 crore. These figures reflect the company’s strong operational performance and growth trajectory.
The IPO is open to retail investors, high net-worth individuals, and qualified institutional buyers. Allocation follows SEBI rules, with retail investors typically receiving shares on a pro-rata basis if oversubscription occurs. NRIs can also apply through ASBA in compliance with regulations.
Investors need to consider market volatility, interest rate fluctuations, credit risk, and regulatory changes. Being an NBFC, Tata Capital’s performance can be affected by economic cycles, funding costs, and asset quality, which may influence returns.