Tata Capital Limited has officially announced its Initial Public Offering (IPO), set to open to the public on Monday, October 6, 2025. The much-anticipated public issue will conclude on Wednesday, October 8, 2025. The price band for the equity shares has been fixed at ₹310 to ₹326 per share. This initial offer presents an opportunity for investors to subscribe to the shares of the financial services arm of the Tata Group. The anchor investor bidding is scheduled to take place on Friday, October 3, 2025.
The total offer size for the IPO is up to 475,824,280 equity shares. This comprises a fresh issue of up to 210,000,000 equity shares and an offer for sale (OFS) of up to 265,824,280 equity shares. The selling shareholders in the OFS include the promoter, Tata Sons Private Limited, which will offload up to 230,000,000 equity shares, and the investor selling shareholder, International Finance Corporation, which will sell up to 35,824,280 equity shares.
Investors looking to participate in the IPO can place their bids for a minimum of 46 equity shares and in multiples of 46 shares thereafter. The floor price of ₹310 is 31.0 times the face value of the equity shares, while the cap price of ₹326 is 32.6 times the face value. The company has filed its Red Herring Prospectus (RHP) with the Registrar of Companies in Mumbai on September 26, 2025, providing detailed information about the offering.
The company aims to utilize the net proceeds from the fresh issue to augment its Tier-I capital base. This will support the company’s future capital requirements and a significant portion will be directed towards onward lending, thereby strengthening its business operations. The equity shares are proposed to be listed on both the BSE Limited (BSE) and the National Stock Exchange of India Limited (NSE), ensuring liquidity for the investors post-listing.
The IPO allocation is structured to cater to various investor categories. A significant portion, up to 60%, of the anchor investor portion is reserved for domestic mutual funds. For the broader public issue, not less than 15% of the Net Offer will be available for non-institutional investors, and not less than 35% will be allocated to retail individual bidders. The allocation for Qualified Institutional Buyers (QIBs) will be made on a proportionate basis, with specific provisions for mutual funds as per SEBI regulations. Potential bidders are required to use the Application Supported by Blocked Amount (ASBA) facility for applying to the public issue.
