Tata Capital

Tata Capital

Finance - Others
open
₹14,260Min. investment
  1. Pre-apply
    1 Oct
  2. Bid start
    6 Oct
  3. Bid end
    8 Oct
  4. Allotment
    9 Oct
  5. Release of funds
    10 Oct
  6. Demat transfer
    10 Oct
  7. Listing
    13 Oct

About Tata Capital Limited

SectorFinance - Others
Price range₹310 – ₹326
IPO type
Regular
Lot size46 shares
Issue size₹15,511Cr
Draft Red Herring Prospectus
Read
Market Cap
₹1,38,382CrHigher than sector avg
RevenueApr 2024 - Mar 2025
₹28,312.7CrHigher than sector avg
Growth rate3Y CAGR
46.95%Higher than sector avg

Tata Capital Limited IPO Overview

Tata Capital Limited IPO date

Tata Capital Limited IPO will open for subscription on October 06, 2025, and the closing date for the IPO is October 08, 2025. After this, investors are expected to be updated about the allotment status on October 09, 2025.

Investors who have been allotted shares can expect them to be credited to their demat account on October 10, 2025. The shares will be listed on the NSE and the BSE on Monday, October 13, 2025.

Tata Capital Limited IPO price band

The IPO includes a fresh issue and an offer for sale. The IPO price band has been set between ₹310 to ₹326 per share. Interested investors can choose a price within this band to apply for the IPO.

The IPO is a book-building issue, comprising a fresh issue of ₹6,846 crore and an offer for sale of ₹8,665.87 crore only.

Tata Capital Limited's IPO listing price will be determined on October 13, 2025. The listing price is the price at which a company’s shares debut on the stock exchanges.

Tata Capital Limited IPO lot size

Tata Capital Limited IPO details have been declared. The minimum lot size for an application is 46 shares, and the investor would have to apply for a minimum of 1 lot. Meanwhile, the IPO issue size is approximately ₹15,511.87 crore.

Checklist

Quality analysis
Revenue growth
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Revenue
Higher revenue means strong sales and good market demand
This IPO
₹28,312.7Cr
This sector
₹789.63Cr
Compare with companies
3Y growth
Strong 3-year growth shows consistent progress and potential
This IPO
46.95%
This sector
0.02%
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PAT
Higher PAT means strong profitability and efficient cost management
This IPO
₹3,655Cr
This sector
₹117.25Cr
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Market cap
Higher market cap means strong confidence but may suggest overvaluation
This IPO
₹1,38,382Cr
This sector
₹6,213.48Cr
Compare with companies
P/E ratio
Lower ratio usually means stock is undervalued
This IPO
35.04
This sector
52.32
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Objectives

Augmentation of capital base
IPO funds will boost Tier-I capital for future needs.

Strength and Weakness

Flagship company of Tata Group

The flagship financial services arm of the Tata group, leveraging a 150+ year legacy. The company benefits from its association with more than 70 Group companies and a network of over 950 dealer and vendor partners within the ecosystem.

Third largest diversified NBFC in India

According to the CRISIL Report, the company ranks as the third-largest diversified NBFC in India with total gross loans of ₹2.3 lakh crore as of June 30, 2025, and is considered the most comprehensive among large diversified NBFCs as of March 31, 2025. It provides a broad portfolio of over 25 lending products designed to meet the financial needs of a diverse customer base.

Omni-channel distribution model

As of June 30, 2025, the company had a nationwide presence with 1,516 branches across 1,109 locations in 27 states and Union Territories. This network is further strengthened by over 30,000 DSAs, 400+ OEMs, 8,000+ dealers, and 60+ digital sourcing partners.

Robust credit-writing and collections capabilities

As of June 30, 2025, the company reported one of the lowest Gross Stage 3 loan (2.1%) and Net Stage 3 Loan(1.0%) ratios and the third-highest PCR among large diversified NBFCs in India. Its robust risk management framework addresses credit, operational, market, information security, fraud, and reputational risks, while its strong collection capabilities are driven by a blend of in-house teams, external agencies, and advanced analytical tools.

Digital and analytics approach

The company leverages integrated technology across the customer lifecycle for all lending products in its three business verticals, covering onboarding, underwriting, collections, servicing, and cross-selling. It employs advanced analytics and AI-driven tools for loan recommendations, cross-selling, and personalised digital marketing, supported by 400+ live APIs and 350 RPA processes for operational automation.

About Tata Capital Limited

Tata Capital is one of the largest diversified non-banking financial companies (NBFCs). The company is the flagship financial services company of the Tata Group and a subsidiary of Tata Sons Private Limited. According to the CRISIL report, Tata Capital is the third-largest diversified NBFC in India with total gross loans of ₹2.33 lakh crore as of June 30, 2025. Its total gross loans grew at a CAGR of 37.3% in the last three fiscal years.
The company started lending operations in 2007 and has served about 7.3 million customers as of June 30, 2025, in retail, SME, and corporate segments. Its portfolio includes more than 25 lending products that cover salaried professionals, self-employed persons, small businesses, and large corporations. Loans to retail and SME customers accounted for 87.5% of total gross loans as of June 30, 2025.
The company operates an omni-channel distribution network with 1,516 branches across 27 states and union territories, a partner network of 30,000+ direct selling agents (DSAs), 400 original equipment manufacturers (OEMs), 8,000 dealers, and 60+ digital partners. Its digital platforms continue to build the network with 2.19 crore app downloads and website traffic of 7.58 crore visits in FY25, showing good customer interest.
Retail finance, comprising home loans, car loans, business loans and others, represented 61.3% of gross loans, reflecting the company's emphasis on consumer-driven growth. SME financing provides supply chain finance, equipment finance and leasing solutions and accounted for 26.2% of the total gross loans. Corporate finance accounted for 12.5% of the total gross loans, which primarily comprise term loans, infrastructure finance and developer finance.
Apart from lending, Tata Capital has multiple non-lending verticals like distribution of third-party products such as insurance (0.86 crore in-force policies as of June 2025) and credit cards, wealth management services (₹6,980 crore AUM growing at 26.4% CAGR since FY23), and growth in private equity, healthcare, innovation, and special situation funds. As of June 30, 2025, the firm had more than 250,000 active "Tata corporate cards". The company’s loan book is granular, with more than 98% of accounts of loans having a ticket size of less than ₹1 crore and 80% of the loans being secured, leading to diversification.
In May 2025, Tata Capital finalised the merger with Tata Motors Finance Limited (TMFL), India's top commercial and passenger vehicle finance provider. This merger expanded its reach to an additional 353 branches, deepened its auto-financing portfolio, and made it a full-stack vehicle finance player with scale and diversification across both commercial and passenger segments.
Domestic systematic credit is projected to grow at a CAGR of 13%-15% between FY25 and FY28, and the market share of NBFC is expected to increase to 22% by FY28. India’s retail credit grew at 14% in FY25, supported by steady demand in underlying assets like housing, auto and growth in credit card and personal loans and is expected to grow further at 14-16% between FY25 and FY28. Tata Capital is well-positioned to capture demand as it is among the fastest-growing players with a CAGR of 37.3% in total gross loans between FY23–FY25, and with retail loans being a major contributor, constituting 61.3% of the total gross loans as at June 30 2025.
The company aims to enhance its product portfolio and strengthen its distribution network, and enhance its digital distribution channels, such as mobile apps, its website, and digital partnerships, to broaden its reach and deliver a more seamless and cost-effective customer experience. Additionally, the company’s merger with TMFL will strategically position the combined business as a leading, full-spectrum provider of vehicle finance.
Now, Tata Capital Ltd is launching its initial public offering (IPO), which consists of a fresh issue of ₹6,846 crore and an offer for sale of ₹8,665.87. The total issue size of the IPO is ₹15,511.87 crore. Its shares will be listed on the NSE and BSE.

Latest News on IPO

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India's Tata Capital is looking at overseas fundraising for the very first time and hopes to raise around $750 million via offshore bonds or loans in the next fiscal year starting in April, a senior company official told Reuters on Wednesday. The company, as a part of diversifying its liability base, may evaluate raising up to $750 million through overseas loans or bonds in FY25, said Rakesh.
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The Tata Group has been aggressively looking to expand its presence in new-age sectors such as digital, retail, semiconductors and EV. The salt-to-software conglomerate is poised to witness as many as 8 public issues for its group firms in the next 2 to 3 years, according to reports.

3 min read

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Tata Capital on Friday said one of its arms has invested USD 20 million in Orbicular Pharmaceutical Technologies for an undisclosed stake. Tata Capital Healthcare Fund II has made the investment in the Hyderabad-based specialty pharmaceutical company and the proceeds will be utilised for accelerating product development, as per a statement.
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IPO listings scheduled for next week include Pace Digitek, Glottis, Fabtech Technologies, Om Freight Forwarders, Advance Agrolife, WeWork India, Rukmani Devi Garg Agro Impex, Manas Polymers, KVS Castings, MPK Steels, Bhavik Enterprises, Ameenji Rubber, Dhillon Freight Carrier, Om Metallogic and Suba Hotels among others.

4 min read

Frequently asked questions

How to invest in the IPO?

Investors can apply for the IPO through their Demat account via the stock exchange or through their broker.

What is the issue size of Tata Capital ?

The issue size of the Tata Capital is 15511 Cr.

What is 'pre-apply' for Tata Capital ?

Pre-applying for an IPO allows you to submit your application before the official subscription period begins.

Which exchanges will Tata Capital shares list on?

The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.
Ipo opens on 6 Oct 2025, 10:00 AM