Tata Capital IPO, the diversified non-bank financial company closely linked to the Tata Group, is gearing up for its public debut with a landmark IPO scheduled between 6 October and 8 October 2025, while anchor investor bids will begin on 3 October. The price band has been set at ₹310 to ₹326 per equity share (face value ₹10), and the total issue size is approximately ₹15,511.87 crore, making it one of the largest in India’s financial sector. The IPO is structured as a combination of a fresh issue of 21 crore shares (aggregating ~₹6,846 crore) and an Offer for Sale (OFS) of 26.58 crore shares (worth ~₹8,665.87 crore). The minimum application is 46 shares, requiring a retail investment of approximately ₹14,996 at the upper end.

The issue is allocated with 50% reserved for Qualified Institutional Buyers (QIBs), 35% for retail investors, and 15% for Non-Institutional Investors (NIIs). The fresh issue proceeds are earmarked mainly for augmenting Tier-1 capital, enabling Tata Capital to expand its lending operations and support regulatory compliance for upper-layer NBFC status. As per regulatory mandate, being classified as an upper-layer NBFC requires a public listing. Apart from capital infusion, the infusion positions the company to scale its offerings across consumer finance, SME lending, housing finance, wealth management, and other financial services verticals.

Financial metrics of Tata Capital show strong momentum — its loan book, profitability, and retail reach have steadily expanded. The IPO is also drawing attention for its pricing strategy, which substantially discounts the unlisted share valuation, making it more accessible to retail and institutional investors. Investors are closely monitoring the IPO GMP, which currently hovers around 7%, indicating bullish sentiment in the grey market and elevated expectations for the listing. The allotment is expected to be finalized on 9 October 2025, with refunds and share credits on 10 October, and listing scheduled on both NSE and BSE on 13 October 2025. With the Tata brand, deep financial network, and favorable IPO GMP momentum, this IPO is viewed as a watershed moment for India’s NBFC and capital markets sector.