Shares of Tata Capital, a subsidiary of Tata Sons, made their debut in the Indian stock market today.
The IPO shares were issued at ₹326, and they opened at ₹329.30 on BSE and ₹330 on NSE, giving investors an initial listing gain of over 1%.
However, the excitement was short-lived.
Shortly after listing, the shares fell to ₹327.25 on NSE, reducing the profit for IPO investors to 0.92%.
Tata Capital IPO Subscription and Proceeds
The ₹15,511.87 crore IPO was open for subscription from October 6-8, 2025.
It was subscribed 1.96 times overall, with different categories showing varied demand:
Qualified Institutional Buyers (QIBs): 3.42 times
Non-Institutional Investors (NIIs): 1.98 times
Retail Investors: 1.10 times
Employee Portion: 2.92 times
The IPO issued new shares worth ₹6,846 crore.
Additionally, 26.58 crore existing shares were sold through the offer-for-sale window, and the proceeds from these were received by selling shareholders.
The company will use the funds raised through new shares to strengthen its Tier-1 capital, supporting growth and financial stability.
About Tata Capital
Tata Capital is a non-banking financial company (NBFC) that offers a wide range of services, including consumer loans, commercial finance, wealth management, investment banking, private equity, and cleantech finance.
Its network spans 1,516 branches in 1,109 locations across 27 states and union territories.
Financially, Tata Capital has been strong and growing consistently:
Net profit: ₹2,945.77 crore (FY23) → ₹3,326.96 crore (FY24) → ₹3,655.02 crore (FY25)
Total income CAGR over 3 years: 44%, reaching ₹13,637.49 crore
First quarter FY26: Net profit of ₹1,040.93 crore and total income of ₹7,691.65 crore
The company’s debt and reserves have also grown steadily:
Debt: ₹1,13,335.91 crore (FY23) → ₹2,08,414.93 crore (FY25) → ₹2,11,851.60 crore (June FY26)
Reserves & surplus: ₹11,899.32 crore (FY23) → ₹24,299.36 crore (FY25) → ₹29,260.88 crore (June FY26)
