Tata Capital IPO
Bookbuilding IPO | ₹15,512.00 Cr | Listing at BSE, NSE
IPO Open
Mon, Oct 06, 2025
IPO Close
Wed, Oct 08, 2025
Price Band
₹310.00 to ₹326.00
Market Cap (Pre-IPO)
₹138,382.73 Cr
IPO Details
| IPO Date | Oct 06, 2025 to Oct 08, 2025 |
| Listing Date | Tentative: Oct 13, 2025 |
| Face Value | ₹10.00 per share |
| Price Band | ₹310.00 to ₹326.00 |
| Lot Size | 46 Shares (Minimum: ₹14,996.00) |
| Sale Type | Offer For Sale + Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Issue Size | ₹15,512.00 Crores |
| Total Shares Offered | 475,824,280 shares |
| Fresh Issue | 210,000,000 shares |
| Offer For Sale | 265,824,280 shares |
Subscription Data
| Category | Times Subscribed |
|---|---|
| QIB | 3.42x |
| NII | 1.98x |
| RII | 1.10x |
| Total | 1.96x |
Tata Capital IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | 23,73,12,140 (49.87%) |
| Retail Shares Offered | 16,61,18,498 (34.91%) |
| NII Shares Offered | 7,11,93,642 (14.96%) |
Tata Capital IPO Lot Size
Investors can bid for a minimum of 46 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 46 | ₹14,996 |
| Retail (Max) | 13 | 598 | ₹194,948 |
| S-HNI (Min) | 14 | 644 | ₹209,944 |
| S-HNI (Max) | 66 | 3,036 | ₹989,736 |
| B-HNI (Min) | 67 | 3,082 | ₹1,004,732 |
Tata Capital Financial Information (Restated Consolidated)
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.
| Period Ended | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 252,254.28 | 248,465.01 | 176,693.98 | 135,626.10 |
| Total Income | 7,691.65 | 28,369.87 | 18,198.38 | 13,637.49 |
| Profit After Tax | 1,040.93 | 3,655.02 | 3,326.96 | 2,945.77 |
| EBITDA | 5,565.86 | 3,655.02 | 14,247.76 | 10,763.22 |
| NET Worth | 32,761.73 | 32,587.82 | 23,540.19 | 17,959.06 |
| Reserves and Surplus | 29,260.88 | 24,299.36 | 18,121.83 | 11,899.32 |
| Total Borrowing | 211,851.60 | 208,414.93 | 148,185.29 | 113,335.91 |
Amount in ₹ Cr
Key Performance Indicators
As of Monday, March 31, 2025| KPI | Values |
|---|---|
| ROE (Return on Equity) | 12.60% |
| ROCE (Return on Capital Employed) | 0.00% |
| Debt/Equity | 6.60 |
| RoNW (Return on Net Worth) | 11.20% |
| PAT Margin (Profit After Tax Margin) | 0.00% |
| EBITDA Margin | 0.00% |
| Price to Book Value | 4.10 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 9.06 | 9.81 |
| P/E (x) | 35.99 | 33.24 |
| Promoter Holding | 95.60% | 85.50% |
Company Promoters
- Tata Sons Private Limited is the promoter of the company.
Company Overview
Tata Capital Limited (TCL) is a diversified financial services company and a subsidiary of Tata Sons Private Limited. TCL operates as a non-banking financial company (NBFC) in India, offering a wide range of financial products and services to retail, corporate, and institutional customers.
Key Offerings:
- Consumer Loans: Personal loans, home loans, auto loans, education loans, and loans against property.
- Commercial Finance: Term loans, working capital loans, equipment financing, and lease rental discounting for businesses.
- Wealth Management: Services including portfolio management, investment advisory, and distribution of financial products.
- Investment Banking: Equity capital markets, mergers and acquisitions advisory, and structured finance solutions.
- Private Equity: Managing funds that invest in companies with significant growth potential.
- Cleantech Finance: Financing and advisory services for projects in renewable energy, energy efficiency, waste management, and water management.
As of March 31, 2025, it has a comprehensive suite of 25+ lending products, catering to a diverse customer base including salaried and self-employed individuals, entrepreneurs, small businesses, small and medium enterprises and corporates.
As of June 30, 2025, it has an extensive PAN-India distribution network comprising 1,516 branches spanning 1,109 locations across 27 States and Union Territories.
In addition to the lending business, it also operates in non-lending segments like distribution of third-party products like insurance, credit cards, wealth management services to HNIs and retail clients, and the Private equity business.
Company Strengths
- 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
Use of Proceeds
| 1) | Augmentation of the Company’s Tier –Icapital base to meet the Company’s future capital requirements including onward lending | 6,696.60 |
Objectives
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Tata Capital IPO Peer Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Tata Capital | 9.30 | 9.30 | 79.50 | 0.00 | 11.20 | 0.00 | - |
| Bajaj Finance | 26.89 | 26.82 | 155.60 | 37.80 | 17.35 | 0.00 | - |
| Shriram Finance | 50.82 | 50.75 | 300.30 | 12.10 | 16.83 | 0.00 | - |
| Cholamandalam Investment and Finance Co. | 50.72 | 50.60 | 281.50 | 31.50 | 18.01 | 0.00 | - |
| L&t Finance Limited | 10.61 | 10.57 | 102.50 | 23.10 | 10.34 | 0.00 | - |
| Sundaram Finance Limited | 170.53 | 170.53 | 1,187.80 | 26.90 | 13.74 | 0.00 | - |
| HDB Financial Services Ltd | 27.40 | 27.30 | 198.80 | 28.10 | 14.57 | 0.00 | - |
Quick Info
| Sector | Financial Services |
| Exchange | BSE, NSE |
| Market Cap (Pre-IPO) | ₹138,382.73 Cr |
| GMP | 0.00 |
Important Dates
| IPO Open | Oct 06, 2025 |
| IPO Close | Oct 08, 2025 |
| Allotment Date | Oct 09, 2025 |
| Credit to Demat | Oct 10, 2025 |
| Listing Date | Tentative: Oct 13, 2025 |
Lead Manager(s)
Kotak Mahindra Capital Co.Ltd.
Registrar
Description
- Tata Capital Ltd. IPO 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 bidding started from Oct 6, 2025 and ended on Oct 8, 2025. The allotment for Tata Capital IPO was finalized on Oct 9, 2025. Tata Capital IPO will list on BSE, NSE on 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.