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Tata Capital's initial public offering (IPO) date is set for Monday, 6 October 2025. The company is a famous Non-Banking Financial Corporation (NBFC) under the Tata Group. The subscription window for the IPO will remain open until October 8, 2025. The company aims to raise Rs. 15,511.87 crore through a combination of fresh shares and an Offer for Sale (OFS) of existing shares.
The IPO price band has been fixed between Rs. 310 and Rs. 326 per share. Investors can apply in lots; one lot will be of 46 shares. The shares are proposed for listing on both the BSE and NSE. The allotment is expected on 9 October 2025, while listing may take place on 11 October 2025.
Tata Capital has seen strong demand in the anchor investor round, raising approximately Rs. 4,642 crore from 68 domestic and international institutional investors. Leading asset managers such as HDFC Mutual Fund, ICICI Prudential Mutual Fund, LIC, as well as global players like Goldman Sachs and Morgan Stanley, participated actively. Hence, showing strong market confidence.
Market observers report a grey market premium (GMP) of Rs. 20, reflecting positive investor sentiment. Tata Capital IPO is priced at 4 times the FY25 Price-to-Book (P/B) ratio, with a Return on Equity (ROE) of 12.6% and a debt-equity ratio of 6.6, as of March 2025. The company’s current market capitalization is Rs. 1,38,382.73 crore.
According to Canara Bank Securities, Tata Capital is well-positioned in India’s growing NBFC sector. Its diversified portfolio, strong brand trust, AI-enabled ‘phygital’ model, and prudent liability management support long-term growth.
Analysts note potential risks, including regulatory changes, interest rate fluctuations, and competitive pressures. However, macroeconomic developments, such as digital adoption and economic growth, favor the company. With strong institutional backing and a credible brand name, the Tata Capital IPO is expected to attract attention from both retail and institutional investors.
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