Tata Capital Limited, the financial arm of the Tata Group, is finally bringing its much-awaited IPO.
The issue will open for subscription on October 6, 2025, and close on October 8, 2025.
The company has set a price band of ₹310–₹326 per share and aims to raise a whopping ₹15,511.87 crore through a mix of fresh issue and Offer for Sale (OFS).
Once the IPO closes, shares will be listed on both the BSE and NSE.
Strong Demand Before Launch
Even before the IPO opens, Tata Capital has already created a buzz.
The company raised ₹4,642 crore from 68 anchor investors, including big domestic and global names.
The response was overwhelming — demand was five times higher than the allocation.
This shows the strong trust investors have in Tata Capital’s growth story.
Key IPO Details
Here are the most important things investors should know:
IPO Dates: Opens October 6, closes October 8, 2025
Price Band: ₹310 – ₹326 per share
Lot Size: 46 shares per lot
Issue Size: ₹15,511.87 crore (₹6,846 crore fresh issue + ₹8,665.87 crore OFS)
Grey Market Premium (GMP): Trading at around ₹20 premium
Expected Allotment Date: October 9, 2025
Listing Date: October 11, 2025 (BSE & NSE)
IPO Registrar: MUFG Intime India Pvt. Ltd.
Lead Managers: Kotak Mahindra Capital, HDFC Bank, ICICI Securities, Axis Capital, and others
Financial Snapshot
As of March 31, 2025, Tata Capital reported:
Market Cap: ₹1,38,382.73 crore
Price-to-Book Value: 4.10
Return on Equity (ROE): 12.6%
Debt-to-Equity Ratio: 6.60
These numbers highlight the company’s strong presence in India’s financial services sector, though the high leverage shows how aggressively it has expanded.
