Tata Capital Ltd. IPO is a book build issue of ₹15,511.87 crores. The issue is a combination of fresh issue of 21.00 crore shares aggregating to ₹6,846.00 crores and offer for sale of 26.58 crore shares aggregating to ₹8,665.87 crores.
Tata Capital IPO bidding opened for subscription on Oct 6, 2025 and will close on Oct 8, 2025. The allotment for the Tata Capital IPO is expected to be finalized on Oct 9, 2025. Tata Capital IPO will list on BSE, NSE with a tentative listing date fixed as Oct 13, 2025.
Tata Capital IPO price band is set at ₹310.00 to ₹326.00 per share . The lot size for an application is 46. The minimum amount of investment required by an retail is ₹14,996 (46 shares) (based on upper price). The lot size investment for sNII is 14 lots (644 shares), amounting to ₹2,09,944, and for bNII, it is 67 lots (3,082 shares), amounting to ₹10,04,732.
Kotak Mahindra Capital Co.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Tata Capital IPO RHP for detailed Information.
Tata Capital IPO Details
| IPO Date | October 6, 2025 to October 8, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | ₹310 to ₹326 per share |
| Lot Size | 46 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 47,58,24,280 shares (aggregating up to ₹15,511.87 Cr) |
| Fresh Issue | 21,00,00,000 shares (aggregating up to ₹6,846.00 Cr) |
| Offer for Sale | 26,58,24,280 shares of ₹10 (aggregating up to ₹8,665.87 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 4,03,48,69,037 shares |
| Share Holding Post Issue | 4,24,48,69,037 shares |
Tata Capital IPO Reservation
Tata Capital IPO offers total 47,58,24,280 shares. Out of which 23,73,12,140 (49.87%) allocated to QIB, 9,49,24,856 (19.95%) allocated to QIB (Ex- Anchor), 7,11,93,642 (14.96%) allocated to NII 16,61,18,498 (34.91%) allocated to RII and 14,23,87,284 (29.92%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Retail Shares Offered | 16,61,18,498 (34.91%) | 36,11,271 |
| Employee Shares Offered | 12,00,000 (0.25%) | NA |
| Total Shares Offered | 47,58,24,280 (100.00%) |
Investor Category Reservations
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Up to Rs 5 Lakhs | Yes |
| Employee + RII/NII | Employee limit: Up to Rs 5 Lakhs (In certain cases, employees are given discount if bidding amount is upto Rs. 2 lakhs)If applying as RII: Upto Rs. 2 lakhsIf applying as NII: sNII > Rs. 2 lakhs and upto Rs. 10 lakhs and bNII > Rs. 10 lakhs | Yes for Employee and RII/NII |
Tata Capital IPO Anchor Investors Details
Tata Capital IPO raises ₹4,641.83 crore from anchor investors. Tata Capital IPO Anchor bid date is October 3, 2025. Tata Capital IPO Anchor Investors list
| Bid Date | October 3, 2025 |
| Shares Offered | 14,23,87,284 |
| Anchor Portion Size (In Cr.) | 4,641.83 |
| Anchor lock-in period end date for 50% shares (30 Days) | November 8, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | January 7, 2026 |
Tata Capital IPO Timeline (Tentative Schedule)
Tata Capital IPO opens on October 6, 2025, and closes on October 8, 2025.
| IPO Open Date | Mon, Oct 6, 2025 |
| IPO Close Date | Wed, Oct 8, 2025 |
| Tentative Allotment | Thu, Oct 9, 2025 |
| Initiation of Refunds | Fri, Oct 10, 2025 |
| Credit of Shares to Demat | Fri, Oct 10, 2025 |
| Tentative Listing Date | Mon, Oct 13, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Oct 8, 2025 |
Tata Capital IPO Lot Size
Investors can bid for a minimum of 46 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 46 | ₹14,996 |
| Retail (Max) | 13 | 598 | ₹1,94,948 |
| S-HNI (Min) | 14 | 644 | ₹2,09,944 |
| S-HNI (Max) | 66 | 3,036 | ₹9,89,736 |
| B-HNI (Min) | 67 | 3,082 | ₹10,04,732 |
Tata Capital IPO Promoter Holding
Tata Sons Private Limited is the promoter of the company.
| Promoter Holding Pre Issue | 95.6% |
| Promoter Holding Post Issue | 85.5% |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
About Tata Capital Ltd.
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.
Competitive strengths
- Flagship financial services company of the Tata group
- Third largest diversified NBFC in India, with the most comprehensive lending product suite
- Omni-channel distribution model, comprising our pan-India branch network, partnerships and digital platforms
- Prudent risk culture and robust credit underwriting and collections capabilities
- Digital and analytics at the core of our business
- Highest credit rating with a diverse liability profile
- Consistent track record of strong financial performance
- Experienced management backed by a team of dedicated professionals
Company Financials
Tata Capital Ltd. Financial Information (Restated Consolidated)
Tata Capital Ltd.’s revenue increased by 56% and profit after tax (PAT) rose by 10% between the financial year ending with March 31, 2025 and March 31, 2024.
| 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 | ||||
Key Performance Indicator (KPI)
The market capitalization of Tata Capital IPO is ₹138382.73 Cr.
KPI as of Mon, Mar 31, 2025.
| KPI | Values |
|---|---|
| ROE | 12.6% |
| Debt/Equity | 6.60 |
| RoNW | 11.2% |
| Price to Book Value | 4.10 |
Check Tata Capital IPO Peer Comparison here.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 9.06 | 9.81 |
| P/E (x) | 35.99 | 33.24 |
Note:
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2025 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of June 30, 2025 that is available in RHP.
Objects of the Issue (Tata Capital IPO Objectives)
The Company Tata Capital IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Augmentation of our Company’s Tier –Icapital base to meet our Company’s future capital requirements including onward lending |
Tata Capital IPO Review
[Dilip Davda] TCL a flagship company of Tata group continues its legacy and is in the business of providing all kind of financial services under one roof. The company is the third largest diversified NBFC in India. It is operating in a highly competitive and fragmented segment. Based on its recent financial data, the issue prima facie appears aggressively priced. Considering “TATA” legacy, investors can park funds for medium to long term. Read detail review…
Tata Capital IPO Subscription Status (Bidding Detail)
The Tata Capital IPO is subscribed 1.35 times on October 8, 2025 1:29:38 PM (Day 3). The public issue subscribed 0.93 times in the retail category, 2.01 times in the QIB category, and 1.43 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB (Ex Anchor) | 2.01 | 9,49,24,856 | 19,09,29,118 |
| NII | 1.43 | 7,11,93,642 | 10,14,94,216 |
| bNII (bids above ₹10L) | 1.30 | 4,74,62,428 | 6,18,75,060 |
| sNII (bids below ₹10L) | 1.67 | 2,37,31,214 | 3,96,19,156 |
| Retail | 0.93 | 16,61,18,498 | 15,40,07,632 |
| Employee | 2.57 | 12,00,000 | 30,80,988 |
| Total | 1.35 | 33,34,36,996 | 44,95,11,954 |
Total Application : 19,84,232
Tata Capital IPO Prospectus
- › Tata Capital IPO DRHP
- › Tata Capital IPO RHP
- › Anchor Investors in Tata Capital IPO
Tata Capital Ltd. 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/
Tata Capital IPO Registrar
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: tatacapital.ipo@in.mpms.mufg.com
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Tata Capital IPO – Buy or Not
Tata Capital IPO Recommendation Summary
| Review By | Subscribe | Neutral | Avoid |
|---|---|---|---|
| Brokers | 9 | 2 | 0 |
| Members | 8 | 0 | 2 |
Tata Capital IPO Lead Manager(s)
- Kotak Mahindra Capital Co.Ltd. (Past IPO Performance)
- BNP Paribas (Past IPO Performance)
- Citigroup Global Markets India Pvt.Ltd. (Past IPO Performance)
- HDFC Bank Ltd. (Past IPO Performance)
- HSBC Securities & Capital Markets (India) Pvt.Ltd. (Past IPO Performance)
- ICICI Securities Ltd. (Past IPO Performance)
- IIFL Capital Services Ltd. (Past IPO Performance)
- JP Morgan India Pvt.Ltd. (Past IPO Performance)
- SBI Capital Markets Ltd. (Past IPO Performance)
- Axis Capital Ltd. (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
Tata Capital IPO FAQs
What is the Tata Capital IPO?
Tata Capital IPO is a main-board IPO of 47,58,24,280 equity shares of the face value of ₹10 aggregating up to ₹15,511.87 Crores. The issue is priced at . The minimum order quantity is 46.
The IPO opens on October 6, 2025, and closes on October 8, 2025.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
How to apply in Tata Capital IPO through Zerodha?
Zerodha customers can apply online in Tata Capital IPO using UPI as a payment gateway. Zerodha customers can apply in Tata Capital IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Tata Capital IPO through Zerodha
Visit the Zerodha website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘Tata Capital IPO’ row and click the ‘Bid’ button.
Enter your UPI ID, Quantity, and Price.
Submit IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Zerodha IPO Application Process Review for more detail.
When Tata Capital IPO will open?
The Tata Capital IPO opens on October 6, 2025 and closes on October 8, 2025.
What is the lot size of Tata Capital IPO?
Tata Capital IPO lot size is 46, and the minimum amount required for application is ₹14,996.
How to apply for Tata Capital IPO?
How to apply for Tata Capital IPO?
You can apply in Tata Capital IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
When is Tata Capital IPO allotment?
The finalization of Basis of Allotment for Tata Capital IPO will be done on Thursday, October 9, 2025, and the allotted shares will be credited to your demat account by Friday, October 10, 2025. Check the Tata Capital IPO allotment status.
When is Tata Capital IPO listing date ?
The Tata Capital IPO listing date is not yet announced. The tentative date of Tata Capital IPO listing is Monday, October 13, 2025.
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