Tata Capital Ltd IPO Details

Introduction

Tata Capital Limited, the flagship financial services arm of the Tata Group, is set to make history with its IPO opening on October 6, 2025. As the third-largest diversified NBFC in India, Tata Capital touches the lives of millions through retail loans, SME financing, and corporate solutions. With over ₹1.27 lakh crore in assets under management and net profits crossing ₹2,000 crore, Tata Capital’s public debut marks a pivotal moment for India’s fast-evolving credit market.

IPO Details

• Subscription Window: October 6–8, 2025
• Price Band: ₹310–₹326 per share
• Lot Size: 46 shares (Min. ₹14,260 application)
• Issue Size: ₹15,512 crore (Fresh issue ₹6,846 cr + OFS ₹8,665 cr)
• Tentative Listing: October 13, 2025 (NSE + BSE)
• Anchor bidding: October 3, 2025
• Lead Managers: JM Financial, Kotak, ICICI Securities, BofA, Axis Bank
• Registrar: Kfin Technologies Ltd.

Company Financials

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-25	31-Mar-25	31-Mar-24	31-Mar-23
Assets	252254.3	248465.01	176693.98	135626.1
Total Income	7691.65	28369.87	18198.38	13637.49
Profit After Tax	1040.93	3655.02	3326.96	2945.77
EBITDA	5565.86	20338.22	14247.76	10763.22
NET Worth	32761.73	32587.82	23540.19	17959.06
Reserves and Surplus	29260.88	24299.36	18121.83	11899.32
Total Borrowing	211851.6	208414.93	148185.29	113335.91

 

Objective of the Issue :-

The Company Tata Capital IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:

S.No.	Objects of the Issue
1	Augmentation of our Company’s Tier –Icapital base to meet our Company’s future capital requirements including

Business Model & Strengths

• Comprehensive Offerings: Personal loans, housing finance (home loans, affordable housing, LAP), car loans, SME lending, corporate credit, wealth management, investment banking, and distribution of financial products (Tata Cards, insurance).
• Network: Serves 7.3 million customers through 905 branches across India, offering both physical and digital channels.
• Subsidiaries: Tata Capital Housing Finance, Tata Securities, Tata Asset Management—extending reach across lending and capital markets.
• Quality & Trust: AAA rated by CRISIL, ICRA, and CARE; top-tier asset quality with NNPA below 0.5% and RoE above 15%.
• Growth Track: Net worth above ₹32,500 crore, AUM at ₹127,000 crore, rapid digital adoption and ~85% of book in retail/SME.

Risks & Challenges

• Competitive Pressures: Intense rivalry among NBFCs and banks, especially in lending and credit card segments.
• Interest Rate Sensitivity: Margin impact due to policy and market rate shifts.
• Regulatory: Subject to RBI norms (Upper Layer NBFC).
• Economic Cycles: Credit demand and asset quality can fluctuate in downturns.
• OFS Component: Significant chunk of IPO proceeds go to Tata Sons and IFC via Offer For Sale, not direct business expansion.

How To Apply for the Online?

• Login or Open demat account with JM Financial Services / JM PRO app: Open the JM PRO app or JM Financial Services website and log in with your credentials. 
• Locate the IPO Section: Navigate to the 'IPO' section on the platform. 
• Select IPO: Find and select the IPO from the list of open IPOs. 
• Enter the Lot Size: Specify the number of lots you want to bid for. 
• Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application. 
• Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN. 

How To Check the Allotment Status of IPO?

Steps to check IPO allotment status on JM Pro app: 

• Log in to the JM Pro app. 
• Go to the IPO Section and then to IPO Orders. 
• Select the individual IPO that you had applied for and check the allotment status. 

JM Financial Services will notify you of your IPO allotment status via push notification and email

Final Thoughts:-

Tata Capital’s IPO is more than a milestone for the Tata Group—it’s a robust opportunity for investors to tap into India’s expanding credit landscape. With trusted brand backing, solid growth, and a proven management track record, Tata Capital stands out as a foundation for the future of financial services.

FAQs :-

Q1: What are Tata Capital IPO dates?
October 6–8, 2025; listing is October 13, 2025

Q2: What is the IPO price band and lot size?
₹310–₹326 per share, 46 shares per lot; minimum ₹14,260 application.

Q3: How will IPO proceeds be used?
Fresh issue will be used to augment Tier-I capital for future lending growth and corporate needs; OFS for Tata Sons/IFC.

Q4: What makes Tata Capital unique?
Part of the Tata Group, pan-India reach, strict asset quality, top credit ratings, and vast product diversity.

Q5: Is Tata Capital profitable?
Yes—PAT over ₹2,000 crore last year, steady growth in loan book and profitability.

Q6: What is the anchor investor allocation?
Anchor investors (domestic and foreign institutions) will be allotted shares on October 3, 2025.