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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 started from Oct 6, 2025 and ended on Oct 8, 2025. The allotment for Tata Capital IPO was finalized on Oct 9, 2025. Tata Capital IPO will list on BSE, NSE on 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.
| IPO Date | October 6, 2025 to October 8, 2025 |
| Listing Date | October 13, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹310 to ₹326 per share |
| Issue Price Final | ₹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 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 |
|---|---|---|
| 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%) |
| 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 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 7, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | January 6, 2026 |
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 |
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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 | ||||
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 |
| Market Capitalization | 138382.73 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 9.06 | 9.81 |
| P/E (x) | 35.99 | 33.24 |
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 the Company’s Tier –Icapital base to meet the Company’s future capital requirements including onward lending | 6,696.60 |
[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...
| Listing Date | October 13, 2025 |
| BSE Script Code | 544574 |
| NSE Symbol | TATACAP |
| ISIN | INE976I01016 |
| Final Issue Price | ₹326 per share |
| NSE Listing Group | EQ (Rolling) |
| BSE Listing Group | A (Trade to Trade) |
| 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 |
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/
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
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 ₹15,511.87 Crores. The issue is priced at ₹326 per share. 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.
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 October 6, 2025 and closes on October 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 Friday, October 10, 2025. Check the Tata Capital IPO allotment status.
The Tata Capital IPO listing date is on Monday, October 13, 2025.
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