IPO Details

Bidding Dates

06 Oct '25 - 08 Oct '25

Minimum Investment

₹14,996 / 1 Lot (46 Shares)

Price Range

₹310 – ₹326

Maximum Investment

₹1,94,948 / 13 Lots (598 Shares)

Retail Discount

To be announced

Issue Size

₹15,511.87 Cr

Investor category and sub category

Retail Individual Investors (RII)  |   Non-institutional Investors (NII)  |   Qualified Institutional Buyers (QIB)  |   Employees   |  

Tata Capital IPO Important Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Oct 06, 25

IPO Closing Date

Oct 08, 25

Basis of Allotment

Oct 09, 25

Initiation of Refunds

Oct 10, 25

IPO Listing Date

Oct 13, 25

About Tata Capital IPO

Tata Capital IPO is a book-built issue worth ₹15,511.87 crore. The issue consists of a fresh issue of 21.00 crore shares aggregating to ₹6,846.00 crore and an offer for sale of 26.58 crore shares aggregating to ₹8,665.87 crore. The IPO opens for subscription on October 6, 2025, and closes on October 8, 2025. The allotment is expected to be finalised on October 9, 2025, with tentative listing on BSE and NSE scheduled for October 13, 2025.

The IPO is priced in a band of ₹310 – ₹326 per share. Retail investors must apply for a minimum of 1 lot comprising 46 shares, requiring an investment of ₹14,996 at the upper price band. sNII investors must apply for a minimum of 14 lots (644 shares), amounting to ₹2,09,944, while bNII investors must apply for a minimum of 67 lots (3,082 shares), amounting to ₹10,04,732.

The price band and minimum bid lot will be announced at least two working days prior to the opening of the issue. The allocation will be made in accordance with SEBI ICDR Regulations, with reservations for QIBs, NIIs, RIIs, and eligible employees.

Kotak Mahindra Capital Company Limited, HSBC Securities and Capital Markets (India) Private Limited, Axis Capital Limited, ICICI Securities Limited, BNP Paribas, IIFL Capital Services Limited, Citigroup Global Markets India Private Limited, J.P. Morgan India Private Limited, HDFC Bank Limited, and SBI Capital Markets Limited are the book-running lead managers to the issue. MUFG Intime India Private Limited is the registrar.

For detailed information on company financials, business operations, and associated risks, investors are advised to refer to the Tata Capital IPO RHP.

Industry Outlook

  1. India’s non-banking financial company (NBFC) sector has evolved into a vital component of the financial ecosystem, complementing traditional banks in credit delivery. According to the CRISIL Report, NBFCs have grown from assets under management (AUM) of less than ₹2 trillion at the turn of the century to ₹48 trillion by the end of Fiscal 2025. This remarkable expansion highlights their increasing relevance in supporting retail, MSME, and corporate financing needs.
  2. NBFC credit growth has historically outpaced India’s GDP growth and is expected to continue this trajectory. Between Fiscal 2025 and Fiscal 2028, CRISIL projects NBFC credit to expand at a compound annual growth rate (CAGR) of 15–17%. This growth is anticipated to be broad-based, with rising demand for personal loans, vehicle financing, housing finance, and MSME credit acting as the primary drivers.
  3. The sector’s resilience was tested during periods of liquidity stress and economic slowdowns, yet NBFCs adapted through diversified funding sources, stronger governance, and technology-led customer engagement. Their agility compared to traditional banks has allowed them to serve underbanked segments, thereby deepening financial inclusion.
  4. The competitive environment is dynamic, with large diversified NBFCs such as Bajaj Finance, Shriram Finance, Cholamandalam Investment and Finance, L&T Finance, and Tata Capital holding significant market presence. International credit ratings, with Tata Capital among only three Indian NBFCs rated “BBB” globally, also reinforce the sector’s credibility. Going forward, operational efficiency, prudent risk management, and digital adoption will be central to sustaining growth and competitiveness.

Tata Capital IPO Objectives

The company proposes to utilise the net proceeds from the IPO for the following objectives:

  1. Augment its Tier I capital base to strengthen overall financial capacity and support future business requirements. This includes funding for onward lending activities, thereby enabling the company to expand its lending portfolio across retail, corporate, and infrastructure financing segments.
  2. Ensure adequate capital availability to maintain regulatory requirements and enhance the company’s ability to absorb growth-related risks. By reinforcing its balance sheet, Tata Capital aims to sustain operational resilience and remain competitive in the evolving non-banking financial services sector.
  3. Provide long-term stability through the infusion of equity capital, which will help reduce reliance on borrowings and improve overall leverage ratios. Strengthening its capital adequacy position will also support credit ratings and investor confidence.
  4. Support general corporate purposes, including strategic initiatives, operational improvements, and brand strengthening measures. These allocations will enable the company to pursue business opportunities in line with its growth strategy and deepen its market presence.

About Tata Capital Limited

Tata Capital Limited was originally incorporated as Primal Investments & Finance Limited, a public limited company under the Companies Act, 1956, on March 8, 1991. The company commenced business operations on April 1, 1991, following a certificate for commencement of business issued by the Registrar of Companies, Maharashtra at Bombay. Subsequently, its name was changed to Tata Capital Limited, and a fresh certificate of incorporation consequent to the change was issued on May 8, 2007, by the Registrar of Companies, Maharashtra at Mumbai.

The company operates as a diversified financial services provider, engaged in both lending and non-lending businesses. Its lending business caters to retail, SME, and corporate customers, while its non-lending activities include distribution of third-party products such as insurance and credit cards, wealth management services, and management of private equity funds. Tata Capital’s offerings are designed to address a wide spectrum of financial needs, enhancing its reach across consumer and institutional segments.

Over the years, Tata Capital has expanded its presence through organic growth as well as strategic mergers. Notably, the merger with Tata Motors Finance Limited in May 2025 consolidated its position in the commercial and passenger vehicle financing markets. This integration enabled the company to strengthen its portfolio of auto finance solutions, broaden its customer base, and improve geographic reach, making it one of India’s leading full-stack vehicle finance providers.

Headquartered at Peninsula Business Park, Lower Parel, Mumbai, Tata Capital operates across India with an extensive branch network. Backed by Tata Sons Private Limited as its promoter, the company benefits from the strong brand equity of the Tata Group. Its growth strategy focuses on maintaining financial inclusion, expanding digital capabilities, and delivering integrated financial solutions that align with India’s growing demand for credit and investment opportunities.

How To Check the Allotment Status of the Tata Capital IPO?

Steps to check IPO allotment status on Angel One’s app:

  1. Log in to the Angel One app.
  2. Go to the IPO Section and then to IPO Orders.
  3. Select the individual IPO that you had applied for and check the allotment status.
  4. Angel One will notify you of your IPO allotment status via push notification and email.

How To Apply for Tata Capital IPO Online?

  1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
  2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
  3. Select IPO: Find and select the Tata Capital IPO from the list of open IPOs.
  4. Enter the Lot Size: Specify the number of lots you want to bid for.
  5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
  6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

Contact Details of Tata Capital IPO

Registered office: 11th Floor, Tower A, Peninsula Business Park, Ganpatrao Kadam Marg, Lower Parel, Mumbai – 400013, Maharashtra, India.

Phone: +91 22 6606 9000

E-mail: investors@tatacapital.com

Tata Capital IPO Prospectus

Tata Capital IPO Registrar and Lead Managers

Tata Capital IPO Lead Managers

  • Kotak Mahindra Capital Company Limited
  • HSBC Securities and Capital Markets (India) Private Limited
  • Axis Capital Limited
  • ICICI Securities Limited
  • BNP Paribas
  • IIFL Capital Services Limited (formerly known as IIFL Securities Limited)
  • Citigroup Global Markets India Private Limited
  • P. Morgan India Private Limited
  • HDFC Bank Limited
  • SBI Capital Markets Limited

Registrar for Tata Capital IPO

MUFG Intime India Private Limited (formerly Link Intime India Private Limited)

Tata Capital IPO Registrar

Financial Performance of Tata Capital Limited

Particulars Year ending on March 31, 2024 Year ending on March 31, 2024
Revenue from Operations (₹ in crore) 18,174.28 13,628.58
Total Income (₹ in crore) 18,198.38 13,637.49
Expenses (₹ in crore) 9,568.23 9,847.63
Profit After Tax (₹ in crore) 3,326.96 2,945.77
Total Assets (₹ in crore) 1,76,693.98 1,35,626.10
Loans (₹ in crore) 1,57,760.55 1,16,788.79

Know before investing

Strengths

5
  1. Offers both fund-based and fee-based financial services across retail, corporate, and institutional segments.

  2. Backed by Tata Sons Limited, leveraging the trusted Tata brand.

  3. Led by seasoned professionals with deep expertise in financial services.

  4. Comprehensive risk management systems across credit, market, and operational risks.

  5. Positioned to benefit from India’s large-scale infrastructure development.

Risks

5
  1. Inability to control non-performing assets may impact profitability and asset quality.

  2. Exposure to borrower defaults, especially in SME and retail segments.

  3. Short-term borrowings versus long-term lending may strain liquidity.

  4. Interest rate fluctuations and economic downturns can affect margins.

  5. System failures, fraud, or data breaches may disrupt operations.

  • How to Apply in IPO
  • How to Check IPO Allotment Status

Login to Angel One App / Website & click on IPO

Select desired IPO & tap on "Apply"

Enter UPI ID, set quantity/price & submit

Accept mandate on the UPI app to complete the process

Login to Angel One App / Website

Choose IPO section on Home Page

Click IPO Orders

Chose the IPO application you want to view the status for

Tata Capital IPO Peer Comparison

Company Name Revenue (₹ Crore) Profit (₹ Crore) Market Cap (₹ Crore) ROE (%)
Tata Capital 13,637 1,648 -23.0 0.63
Muthoot Finance 9,707 2,385 22.41 2.68
Reliance Capital 19,303 -226 -14.74 -1.46
Aditya Birla Capital 9,146 998 9.65 5.52
IIFL 5,989.4 2,276.01 18.14 5.2
Mahindra and Mahindra Financial Services Limited 12,700 1,482 17.30 4.97

Tata Capital IPO FAQs

What is the Tata Capital IPO?

Tata Capital IPO is a book-built issue IPO. It will be open from October 6, 2025, to October 8, 2025. 

When will Tata Capital IPO be allotted?

The Basis of Allotment will happen on Thursday, October 9, 2025. 

When will Tata Capital IPO open for subscription?

The IPO subscription window will open on Monday, October 6, 2025. 

What minimum lot size can retail investors subscribe to?

The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 46 shares. 

When will Tata Capital Limited list on exchanges?

The listing date for Tata Capital Limited is Monday, October 13, 2025. 

What is the issue size of Tata Capital IPO?

The issue size of the Tata Capital IPO is up to ₹15,511.87 crore, consisting of a fresh issue of 21.00 crore shares and an offer for sale of 26.58 crore shares. 

What are the open and close dates of the Tata Capital IPO?

The open and close dates for Tata Capital IPO are from October 6, 2025, to October 8, 2025. 

What would be the listing gains on Tata Capital IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.

How to increase your chances of getting a Tata Capital IPO allotment?

  1. Multiple Submissions: Use different Demat accounts to make multiple applications.
  2. Higher Price Band Bidding: Opt for bidding at the cut-off price or higher price band.
  3. Timely Subscription: Ensure you subscribe to the IPO within the specified time frame.

How do I approve the UPI mandate request for Tata Capital IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of Tata Capital Limited using one PAN?

You can submit only one application using your PAN card.

How to read Tata Capital Limited's financial statements?

To read Tata Capital Limited’s financial statements, download the IPO’s  RHP document.

What is 'pre-apply' for the Tata Capital IPO?

Pre-apply allows investors to apply for the  Tata Capital IPO two days before the subscription period opens, ensuring an early submission of your application.

If I pre-apply for the Tata Capital Limited IPO, when will my order get placed?

Your order will be placed when the IPO opens for bidding, and a UPI request will follow within 24 hours.

When will I know if my Tata Capital Limited IPO order is placed?

You will receive a notification once your order is successfully placed with the exchange after the bidding starts.

Who is the registrar of Tata Capital IPO?

MUFG Intime India Private Limited is the registrar managing the IPO allotment process and handling investor-related queries. 

Where is the Tata Capital IPO getting listed?

Tata Capital IPO is proposed to be listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).