Tata Capital IPO 2025 has officially opened for subscription, marking one of India’s biggest IPOs of the year. The financial arm of the Tata Group, Tata Capital Ltd, is entering the stock market with a massive issue size of over ₹15,500 crore, aiming to strengthen its capital base and fuel future growth. Here’s everything investors need to know — from IPO dates, price band, GMP, and valuation to expert opinions.
Tata Capital IPO 2025 Overview
| Parameter | Details |
|---|---|
| Company Name | Tata Capital Limited |
| Parent Company | Tata Sons Pvt. Ltd. |
| IPO Type | Mainboard IPO |
| Face Value | ₹10 per share |
| Price Band | ₹310 – ₹326 per share |
| Lot Size | 46 shares |
| Minimum Investment (Retail) | ₹14,996 |
| Issue Size | ₹15,511.87 crore |
| Fresh Issue | ₹6,846 crore |
| Offer for Sale (OFS) | ₹8,665.87 crore |
| Listing on | NSE, BSE |
About Tata Capital Limited
Tata Capital Ltd. is one of India’s leading Non-Banking Financial Companies (NBFCs), offering a wide range of financial services — personal loans, business loans, home loans, vehicle finance, and wealth management. With over 500 branches across India and a strong customer base, Tata Capital has become a trusted brand in the financial services sector.
The company’s IPO aligns with RBI’s new listing norms for upper-layer NBFCs, increasing transparency and regulatory compliance.
Objectives of the IPO
The company plans to use the net proceeds from the fresh issue for:
- Strengthening the Tier-1 capital base
- Supporting future business expansion
- Meeting capital adequacy requirements
- Covering general corporate expenses
Tata Capital IPO GMP (Grey Market Premium)
As of October 6, 2025, the Tata Capital IPO GMP (Grey Market Premium) is around ₹7 to ₹10 per share, indicating a potential listing gain of about 2–3%.
However, investors should note that GMP fluctuates daily and may not always reflect actual listing performance.
Strengths of Tata Capital
- Strong Brand Value: Backed by the Tata Group — one of India’s most trusted and diversified conglomerates.
- Diverse Portfolio: Balanced mix across retail, corporate, and SME lending.
- Robust Growth: 15–18% CAGR in loan book growth over recent years.
- Digital Transformation: Focus on tech-enabled lending and customer experience.
- Strong Institutional Support: Raised ₹4,641 crore from anchor investors, including LIC, before IPO launch.
Risks to Consider
- High Valuation: At the upper band, the IPO values Tata Capital at ₹1.38 lakh crore — about 32× P/E.
- Large OFS Portion: Majority of issue proceeds go to existing shareholders, not the company.
- Interest Rate Sensitivity: Being an NBFC, margins depend on borrowing costs.
- Competition: Faces strong rivalry from Bajaj Finance, HDB Financial, and L&T Finance.
Tata Capital IPO Valuation
At ₹326 per share (upper band), the Price-to-Book (P/B) is around 3.8×, and the Price-to-Earnings (P/E) is approximately 32×, which is slightly above the industry average. However, the brand premium and growth potential justify a moderate premium.
Expert Review: Should You Apply?
Analysts believe Tata Capital’s IPO is a solid long-term investment given:
- Trusted Tata brand
- Stable business model
- Strong financial performance
- Regulatory compliance advantage
However, investors looking for short-term listing gains should manage expectations since large-cap IPOs generally offer modest immediate returns.
Tata Capital IPO Timeline (Tentative)
| Event | Date |
|---|---|
| IPO Open | October 6, 2025 |
| IPO Close | October 8, 2025 |
| Allotment | October 9, 2025 |
| Refunds / Demat Credit | October 10, 2025 |
| Listing on NSE/BSE | October 13, 2025 |
FAQs – Tata Capital IPO 2025
Q1. What is the Tata Capital IPO price band?
Ans. The price band is ₹310 to ₹326 per share.
Q2. What is the Tata Capital IPO lot size?
Ans. Retail investors can apply for a minimum of 46 shares (₹14,996).
Q3. When will Tata Capital shares list on the stock exchange?
Ans. Expected listing date is October 13, 2025 on NSE and BSE.
Q4. What is Tata Capital IPO GMP today?
Ans. GMP today is around ₹7–₹10 per share.
Q5. Should I apply for the Tata Capital IPO?
Ans. It’s a good long-term opportunity with limited short-term listing gain potential.
Conclusion
The Tata Capital IPO 2025 is one of the most anticipated issues of the year, combining the trust of Tata Group, strong financial growth, and huge market potential in India’s NBFC sector.
