Bookbuilding IPO | ₹15,512 Cr | Listed at BSE, NSE | Mon, Oct 6, 2025 - Wed, Oct 8, 2025
Tata Capital 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 started from Oct 6, 2025 and ended on Oct 8, 2025. The allotment for Tata Capital IPO was finalized on Oct 9, 2025. The shares got listed on BSE, NSE on Oct 13, 2025.
Tata Capital IPO price band is set at ₹326 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.
IPO Open
Mon, Oct 6, 2025
IPO Close
Wed, Oct 8, 2025
Issue Price
₹326 per share
Market Cap (Pre-IPO)
₹1,38,382.73 Cr
| IPO Date | 6 to 8 Oct, 2025 |
| Listed on | Mon, Oct 13, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹310 to ₹326 |
| Issue Price | ₹326 per share |
| Lot Size | 46 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 47,58,24,280 shares (agg. up to ₹15,512 Cr) |
| Fresh Issue | 21,00,00,000 shares (agg. up to ₹6,846 Cr) |
| Offer for Sale | 26,58,24,280 shares of ₹10 (agg. up to ₹8,666 Cr) |
| Share Holding Pre Issue | 4,03,48,69,037 shares |
| Share Holding Post Issue | 4,24,48,69,037 shares |
| BSE Script Code / NSE Symbol | 544574 / TATACAP |
| ISIN | INE976I01016 |
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 | Max Allottees |
|---|---|---|
| QIB Shares Offered | 23,73,12,140 (49.87%) | NA |
| − Anchor Investor Shares Offered | 14,23,87,284 (29.92%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 9,49,24,856 (19.95%) | NA |
| NII (HNI) Shares Offered | 7,11,93,642 (14.96%) | NA |
| − bNII > ₹10L | 4,74,62,428 (9.97%) | 73,699 |
| − sNII < ₹10L | 2,37,31,214 (4.99%) | 36,849 |
| 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%) |
Investors can bid for a minimum of 46 shares and in multiples thereof.
| 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 raises ₹4,641.83 crore from anchor investors. Tata Capital IPO Anchor bid date is October 3, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Fri, Oct 3, 2025 |
| Shares Offered | 14,23,87,284 |
| Anchor Portion (₹ Cr.) | 4,641.83 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Nov 7, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Jan 6, 2026 |
| 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 |
|
Yes for Employee and RII/NII |
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:
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
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 | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Augmentation of the Company’s Tier –Icapital base to meet the Company’s future capital requirements including onward lending | 6,696.60 |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 12.6% |
| Debt/Equity | 6.60 |
| RoNW | 11.2% |
| Price to Book Value | 4.10 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 9.06 | 9.81 |
| P/E (x) | 35.99 | 33.24 |
| Promoter Holding | 95.6% | 85.5% |
| Market Cap | ₹1,38,382.73 Cr. |
The Tata Capital IPO is subscribed 1.96 times on October 8, 2025 5:04:39 PM (Day 3). The public issue subscribed 1.10 times in the retail category, 3.42 times in the QIB category, and 1.98 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB (Ex Anchor) | 3.42 | 9,49,24,856 | 32,44,77,652 |
| NII | 1.98 | 7,11,93,642 | 14,10,62,634 |
| bNII (bids above ₹10L) | 1.90 | 4,74,62,428 | 9,03,04,808 |
| sNII (bids below ₹10L) | 2.14 | 2,37,31,214 | 5,07,57,826 |
| Retail | 1.10 | 16,61,18,498 | 18,29,12,376 |
| Employee | 2.92 | 12,00,000 | 35,07,178 |
| Total | 1.96 | 33,34,36,996 | 65,19,59,840 |
Total Application : 23,61,452
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLMs fees and commissions (including underwriting commission) | 159.00 |
| 2 | Commission/processing fee for SCSBs and Bankers to the Offer and fee payable to the Sponsor Banks for Bids made by RIBs using UPI and Brokerage and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | 45.00 |
| 3 | Fees payable to the Registrar to the Offer | |
| 4 | Fees payable to other advisors and parties | 25.00 |
| 5 | Listing fees, SEBI filing fees, upload fees, BSE and NSE processing fees, book building software fees and other regulatory expenses | 25.20 |
| 6 | Printing and stationery | 5.00 |
| 7 | Advertising and marketing expenses for the Offer | 36.00 |
| 8 | Fee payable to legal counsels | 15.00 |
| 9 | Miscellaneous | 16.00 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹326.00 | ₹326.00 |
| Open | ₹330.00 | ₹330.00 |
| Low | ₹326.15 | ₹326.25 |
| High | ₹332.80 | ₹333.00 |
| Last Trade | ₹330.40 | ₹330.50 |
Lead Manager Reports
Tata Capital IPO is a main-board IPO of 47,58,24,280 equity shares of the face value of ₹10 aggregating up to ₹15,512 Crores. The issue is priced at ₹326 per share. The minimum order quantity is 46.
The IPO opens on Mon, Oct 6, 2025, and closes on Wed, Oct 8, 2025.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
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 Zerodha IPO Application Process Review for more detail.
The Tata Capital IPO opens on Mon, Oct 6, 2025 and closes on Wed, Oct 8, 2025.
Tata Capital IPO lot size is 46, and the minimum amount required for application is ₹14,996.
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.
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 Fri, Oct 10, 2025. Check the Tata Capital IPO allotment status.
The Tata Capital IPO listing date is on Mon, Oct 13, 2025.
