Tata Capital IPO: Shares likely to list on bourses by September 30; check issue launch date and other key details

The issue is expected to value the company around $11 billion, the report added. Tata Capital is likely to make its stock market debut by September 30.

The proposed IPO of 47.58 crore shares comprises a fresh issue of 21 crore equity shares and an offer for sale (OFS) of 26.58 crore shares, according to the updated draft red herring prospectus (DRHP) filed in August.

Under the OFS component, Tata Sons will offload 23 crore shares, while the International Finance Corporation (IFC) will divest 3.58 crore shares.

Currently, Tata Sons holds an 88.6% stake in Tata Capital, while IFC owns a 1.8% holding.

Proceeds from the IPO will be used to strengthen the company's Tier-1 capital base, supporting future capital requirements, including onwards lending.

If successful, this IPO will become the largest public issue in India's financial sector. It will also mark the Tata Group's second public listing in recent years, following the debut of Tata Technologies in November 2023.

"The IPO is being undertaken in line with the Reserve Bank of India's (RBI) listing mandate for upper-layer NBFCs, which requires them to be listed within three years of classification. Tata Capital was designated as an upper-layer NBFC in September 2022," the PTI report added.

Tata Capital Q1 FY26 Result

Tata Capital, the non-banking financial company (NBFC), which is expected to launch its initial public offering (IPO) soon on Monday, August 18, reported more than doubling of its consolidated net profit to ₹1,040.93 crore for the quarter ended June 2025 (Q1 FY26).

In the same quarter last year, the IPO-bound company had reported a profit of ₹472.21 crore.

Total income rose to ₹7,691.65 crore for the quarter under review from ₹6,557.40 crore logged in the April-June quarter of FY2025, Tata Capital said in a regulatory filing.

Earlier in August 2025, Tata Capital filed its preliminary papers with the markets regulator, the Securities and Exchange Board of India (SEBI), to raise funds through an initial public offering.

According to the updated draft red herring prospectus, the proposed IPO is a combination of a fresh issuance of 21 crore equity shares as well as an offer for sale of 26.58 crore shares.

Under the OFS, Tata Sons will offload 23 crore shares, and the International Finance Corporation will divest 3.58 crore shares.

Tata Capital had filed IPO papers via the confidential route in April and had secured SEBI's approval in July. Following this, companies are required to file an updated DRHP before filing an RHP.

The offer's book-running lead managers are Axis Capital Ltd., Kotak Mahindra Capital Company, BNP Paribas, HDFC Bank Ltd., HSBC Securities and Capital Markets (India) Pvt. Ltd., Citigroup Global Markets India Pvt. Ltd., ICICI Securities Ltd., IIFL Capital Services Ltd., SBI Capital Markets Ltd., and J.P. Morgan India Pvt. Ltd.

MUFG Intime India serves as the registrar, earlier reports had said.

Tata Capital IPO: Objectives

The funds raised will be utilised for augmentation of the company's Tier-1 capital base to meet future capital requirements, including onwards lending.

"In addition, our company expects to receive the benefits of the listing of the equity shares on the stock exchanges, including enhancement of our company’s brand name and creation of a public market for our equity shares in India," it said.