Tata Capital IPO Details
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Tata Capital IPO opens for subscription on 06 Oct 2025 and closes on 08 Oct 2025. The IPO will be listed on NSE, BSE with the tentative listing date set for 13 Oct 2025.
Tata Capital IPO price band has been fixed at ₹310 – ₹326 per share.The face value is ₹10 per share with a lot size of 46.
Tata Capital IPO total issue size comprises 47,58,24,280 shares (aggregating up to ₹15511.87 Cr.). This includes a fresh issue of 21,00,00,000 shares (aggregating up to ₹6846.00 Cr.). Offer for Sale consists of 26,58,24,280 shares (aggregating up to ₹8665.87 Cr.). Pre-issue shareholding stands at 4,03,48,69,037, which will increase to 4,24,48,69,037 post-issue.
Tata Capital IPO Lot Size : Retain Minimum is 1 lot (46 shares) amounting to ₹14,996. Retain Maximum is 13 lots (598 shares) amounting to ₹194,948. SHNI Minimum is 14 lots (644 shares) amounting to ₹209,944. SHNI Maximum is 66 lots (3,036 shares) amounting to ₹989,736. BHNI Minimum is 67 lots (3,082 shares) amounting to ₹1,004,732.
The Lead Managers for Tata Capital IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is HDFC Bank Limited, Kotak Mahindra Capital Company Limited, ICICI Securities Limited, IIFL Capital Services Limited, Citigroup Global Markets India Private Limited, HSBC Securities & Capital Markets Pvt Ltd, BNP Paribas, JP Morgan India Pvt.Ltd., SBI Capital Markets Limited, Axis Capital Limited. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For detailed information, Refer to the Tata Capital Limited RHP.
Tata Capital IPO Details
Tata Capital IPO Subscription
Tata Capital IPO Application Wise Breakup (Approx)
Tata Capital IPO Dates
- 06 Oct 2025Opening dateOPD
- 08 Oct 2025Closing dateCOD
- 09 Oct 2025Allotment Date BOA
- 10 Oct 2025Initiation of RefundsIOR
- 10 Oct 2025Credit of SharesCOS
- 13 Oct 2025Listing dateLID
Tata Capital IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retain Minimum | 1 | 46 | ₹14,996 |
| Retain Maximum | 13 | 598 | ₹194,948 |
| SHNI Minimum | 14 | 644 | ₹209,944 |
| SHNI Maximum | 66 | 3036 | ₹989,736 |
| BHNI Minimum | 67 | 3082 | ₹1,004,732 |
Tata Capital IPO Reservation
Promoter Holding
Tata Capital IPO Valuations
Tata Capital Financial Information
| Period Ended | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 2,52,254.28 | 2,48,465.01 | 1,76,693.98 | 1,35,626.10 |
| 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 | 20,338.22 | 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 | 2,11,851.60 | 2,08,414.93 | 1,48,185.29 | 1,13,335.91 |
| Amount in ₹ Crore | ||||
About Tata Capital IPO
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.
Strength Of Tata Capital IPO
1. Flagship financial services company of the Tata Group, with a legacy of over 150 years.
2. Third largest diversified NBFC in India, with the most comprehensive lending product suite.
3. Omni-channel distribution model, comprising our pan-India branch network, partnerships and digital platforms.
4. Prudent risk culture and credit underwriting and collections capabilities, resulting in stable asset quality.
5. Digital and analytics at the core of our business, driving high quality experience and business outcomes.
6. Highest credit rating with a diverse liability profile.
7. Consistent track record of strong financial performance highlighted by attractive asset quality.
8. Experienced management backed by a team of dedicated professionals.
Risk Of Tata Capital IPO
1. Our Gross Stage 3 Loans comprised 2.1%, 1.7%, 1.9%, 1.5% and 1.7% of our Total Gross Loans as at June 30, 2025, June 30, 2024, March 31, 2025, March 31, 2024 and March 31, 2023, respectively. Non-payment or default by our customers may adversely affect our business, results of operations, cash flows and financial condition.
2. Our provision coverage ratio was 53.9%, 63.5%, 58.5%, 74.1% and 77.1% as at June 30, 2025, June 30, 2024, March 31, 2025, March 31, 2024 and March 31, 2023, respectively. Our inability to provide adequate provisioning coverage for non-performing assets may adversely affect our business, results of operations, cash flows and financial condition.
3. Unsecured Gross Loans comprised 20.0%, 22.4%, 21.0%, 24.5% and 23.1% of our Total Gross Loans as at June 30, 2025, June 30, 2024, March 31, 2025, March 31, 2024 and March 31, 2023, respectively. Failure to recover such receivables in a timely manner or at all may adversely affect our business, results of operations, cash flows and financial condition.
4. Changes in our loan-mix may adversely affect our financial metrics and asset quality, which could adversely affect our business, financial condition, results of operations and cash flows.
5. Secured Gross Loans comprised 80.0%, 77.6%, 79.0%, 75.5% and 76.9% of our Total Gross Loans as at June 30, 2025, June 30, 2024, March 31, 2025, March 31, 2024 and March 31, 2023, respectively. We are exposed to potential losses in connection with recovery of the value of security or enforcement of collaterals.
6. Retail Finance comprised 61.3%, 64.2%, 62.3%, 58.9% and 56.7% of Total Gross Loans as at June 30, 2025, June 30, 2024, March 31, 2025, March 31, 2024 and March 31, 2023, respectively. Any adverse developments that reduce demand for loans amongst retail customers and/or increase loan default rates amongst retail customers will adversely affect our business, results of operations and prospects.
7. Home Loans, Loans Against Property and Developer Finance together amounted to 34.7%, 32.2%, 33.8%, 37.4% and 37.3% of our Total Gross Loans as at June 30, 2025, June 30, 2024, March 31, 2025, March 31, 2024 and March 31, 2023, respectively. In relation to our Home Loans, Loans Against Property and Developer Finance, we have significant exposure to the real estate sector and any negative trends affecting this sector could adversely affect our business and result of operations.
8. Our fixed interest rate loans comprised 36.3%, 40.5%, 38.6%, 32.0% and 32.6% of our Total Gross Loans and our fixed interest rate borrowings comprised 55.0%, 48.0%, 54.0%, 53.0% and 51.0% of our Total Borrowings as at June 30, 2025, June 30, 2024, March 31, 2025, March 31, 2024 and March 31, 2023, respectively. Any adverse changes in interest rates could impact our Average Cost of Borrowings Ratio and adversely impact our Net Interest Margin Ratio, demand for loans and profitability and cause a decrease in our Net Interest Income, any of which could adversely affect our business, results of operations, cash flows and financial condition.
9. Certain issuances of non-convertible debentures by TMFL and some of our CRPS issuances have been down sold by successful applicants in the past, leading to the number of holders of such securities exceeding the prescribed limits under the applicable laws. Accordingly, we may be subject to regulatory action, including penal action, which may adversely affect our business and reputation.
10. Our Average Cost of Borrowings Ratio was 7.8%, 7.8%, 7.8%, 7.3% and 6.6% for the three months period ended June 30, 2025 and June 30, 2024 and Fiscals 2025, 2024 and 2023, respectively. If we are unable to secure funding on acceptable terms and at competitive rates when needed, including due to any downgrade in our credit ratings, it could have a material adverse effect on our business, results of operations, cash flows and financial condition.
Objectives Tata Capital IPO
1. Augmentation of our Company’s Tier –Icapital base to meet our Company’s future capital requirements including onward lending
Company Contact Details
Tata Capital Ltd.
11th Floor, Tower A, Peninsula Business Park,
Ganpatrao Kadam Marg,
Lower Parel
Mumbai, Maharashtra, 400013
Phone: +91 022 6606 900
Email: investors@tatacapital.com
Website: https://www.tatacapital.com/
Registrar Contact Details
Lead Mangers
Lead Manager Reports