
Bilkul Bazaar
Ahmedabad | 1 Oct 2025
Tata Capital Limited will open its Initial Public Offer (IPO) on Monday, October 6, 2025, with the issue closing on Wednesday, October 8, 2025. The Price Band for the IPO has been fixed at ₹310 to ₹326 per equity share, with investors able to bid for a minimum of 46 equity shares and in multiples thereafter.
The IPO comprises a total of 475,824,280 equity shares, including a fresh issue of 210,000,000 shares and an offer for sale (OFS) of 265,824,280 shares. Tata Sons Pvt. Ltd. (Promoter Selling Shareholder) will offload up to 230,000,000 shares, while International Finance Corporation (IFC), the Investor Selling Shareholder, will sell up to 35,824,280 shares. The Anchor Investor bidding will open on Friday, October 3, 2025.
The company plans to deploy the net proceeds from the Fresh Issue to augment its Tier-I capital base for meeting future requirements, including onward lending.

Rajiv Sabharwal, MD & CEO, Tata Capital, said:
“This IPO marks a significant milestone in Tata Capital’s journey. Strengthening our Tier-I capital base will empower us to expand lending capacity and support India’s growing financial needs.”
Rakesh Bhatia, Chief Financial Officer, Tata Capital, added:
“The strong equity infusion will not only reinforce balance sheet strength but also provide operational flexibility to scale sustainably.”
Sarosh Amaria, Managing Director, Tata Capital Markets, noted:
“Investor participation across institutional, HNI, and retail categories will ensure broad-based ownership in Tata Capital, reflecting the trust in our brand and growth trajectory.”
Jagat Dave, Head BFSI & Consumer Investment Banking, HDFC Bank, which is one of the BRLMs, commented:
“Tata Capital’s IPO is well-structured, offering long-term investors exposure to one of India’s most respected financial services franchises.”
The issue is being managed by a consortium of top investment banks, including Kotak Mahindra Capital Company, Axis Capital, BNP Paribas, Citigroup, HDFC Bank, HSBC, ICICI Securities, IIFL Capital, J.P. Morgan India, and SBI Capital Markets. The equity shares will be listed on both BSE and NSE.
Investor allocation will follow SEBI norms, with not more than 50% reserved for Qualified Institutional Buyers (QIBs), including an Anchor Investor Portion, not less than 15% for Non-Institutional Investors, and not less than 35% for Retail Investors.
Tata Capital Limited, the flagship financial services arm of the Tata Group and a subsidiary of Tata Sons Private Limited, is registered with the Reserve Bank of India as a Non-Banking Financial Company – Upper Layer (NBFC-UL). It operates as a diversified financial services provider, offering a wide range of fund- and fee-based products to retail, corporate, and institutional clients across India.
The company’s core business spans three verticals: Retail Finance (61.3% of gross loans as of June 2025) covering home, personal, auto, two-wheeler, education, and business loans, along with loans against property and shares; SME Finance (26.2%) offering working capital, equipment, and expansion loans for small and medium enterprises; and Corporate Finance (12.5%) providing term loans, lease rental discounting, equipment finance, channel finance, and bill discounting. Alongside lending, Tata Capital also engages in a range of non-lending financial activities.
Disclaimer: This news is for informational purposes only. Please refer to official offer documents and consult a financial advisor before investing.
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