Tata Capital Limited (TCL), a subsidiary of Tata Sons Private Limited, is a leading diversified financial services company operating as a non-banking financial company (NBFC) in India. It provides a wide range of financial products and services to retail, corporate, and institutional customers.
Key Offerings:
- Consumer Loans: Personal loans, home loans, auto loans, education loans, and loans against property.
- Commercial Finance: Term loans, working capital loans, equipment financing, and lease rental discounting.
- Wealth Management: Portfolio management, investment advisory, and distribution of financial products.
- Investment Banking: Equity capital markets, M&A advisory, and structured finance solutions.
- Private Equity: Funds focused on high-growth companies.
- Cleantech Finance: Financing and advisory for renewable energy, energy efficiency, waste, and water management projects.
As of March 31, 2025, TCL offers a suite of 25+ lending products serving salaried and self-employed individuals, entrepreneurs, SMEs, and corporates. By June 30, 2025, it had built an extensive PAN-India presence with 1,516 branches across 1,109 locations in 27 States and Union Territories.
Beyond lending, TCL also operates in non-lending businesses such as distribution of insurance and credit cards, wealth management for HNIs and retail clients, and private equity fund management.
As of June 30, 2025, Tata Capital had served over 7.3 million customers and managed Total Gross Loans of ₹2,334 billion, making it the third-largest diversified NBFC in India. The company has demonstrated rapid growth (CAGR of 37.3% in Gross Loans between FY23–FY25) while maintaining healthy asset quality, with Gross Stage 3 Loans at 2.1% and PCR at 53.9%.
Through its subsidiaries, such as Tata Capital Housing Finance Limited and Tata Securities, the company has diversified into housing finance, investment distribution, and fund management, further strengthening its financial services ecosystem.
Tata Capital IPO – Details
| IPO Opening Date | 06 October 2025 |
| IPO Closing Date | 08 October 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 47,58,24,280 Shares Worth ₹15,511.87 Crore Fresh Issue: 21,00,00,000 Shares Worth ₹6,846.00 Crore Offer For Sale: 26,58,24,280 Shares Worth ₹8,665.87 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹310 – ₹326 per share |
| Market Lot | 46 Shares |
| Min Order | 46 Shares [ 1 Lot ] |
| Listing At | BSE, NSE |
| Register | MUFG Intime India Pvt.Ltd |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Tata Capital IPO – Date Schedule
| IPO Open Date | 06 October 2025 |
| IPO Close Date | 08 October 2025 |
| Basis of Allotment | 09 October 2025 |
| Initiation of Refund | 10 October 2025 |
| Credit of Shares to Demat Account | 10 October 2025 |
| IPO Listing Date | 13 October 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 08, 2025 |
Tata Capital IPO – Lots Size & Price
| 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 |
Competitive Strength
- Flagship financial services company of the Tata group.
- Third largest diversified NBFC in India, with the most comprehensive lending product suite.
- Omni-channel distribution model, comprising our pan-India branch network, partnerships and digital platforms.
- Prudent risk culture and robust credit underwriting and collections capabilities.
- Digital and analytics at the core of our business.
- Highest credit rating with a diverse liability profile.
- Consistent track record of strong financial performance.
- Experienced management backed by a team of dedicated professionals.
Company Promoters
- Tata Sons Private Limited
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2023 | ₹13,637.49 Cr | ₹9,847.63 Cr | ₹2,945.77 Cr | ₹1,13,335.91 Cr |
| 31 March 2024 | ₹18,198.38 Cr | ₹13,794.78 Cr | ₹3,326.96 Cr | ₹1,48,185.29 Cr |
| 31 March 2025 | ₹28,369.87 Cr | ₹23,448.73 Cr | ₹3,655.02 Cr | ₹2,08,414.93 Cr |
| 30 June 2025 | ₹7,691.65 Cr | ₹6,308.91 Cr | ₹1,040.93 Cr | ₹2,11,851.60 Cr |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 12.60% |
| Debt/Equity | 6.60 |
| RoNW | 11.20% |
| Price to Book Value | 4.10 |
| Pre IPO | Post IPO | |
| EPS (₹) | 9.06 | 9.81 |
| P/E (x) | 35.99 | 33.24 |
Object Of The Issue
| Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|
| Augmentation of the Company’s Tier –I capital base to meet the Company’s future capital requirements including onward lending. | – |
Tata Capital IPO Peer Comparison
| S. No. | Face Value (₹) | Company Name | P/E Ratio |
|---|---|---|---|
| 1 | 1 | Bajaj Finance Limited | 37.80 |
| 2 | 2 | Shriram Finance Limited | 12.10 |
| 3 | 2 | Cholamandalam Investment and Finance Company Limited | 31.50 |
| 4 | 10 | L&T Finance Limited | 23.10 |
| 5 | 10 | Sundaram Finance Limited | 26.90 |
| 6 | 10 | HDB Financial Services Limited | 28.10 |
✅Strengths
- Backed by Tata Group’s strong brand and trust.
- Diversified portfolio of 25+ products across lending & non-lending.
- Wide reach with 1,500+ branches PAN-India.
- Strong growth with healthy asset quality and large customer base.
⚠️Risks
- Dependent on RBI regulations and interest rate movements.
- Rising NPAs in downturns can impact profitability.
- Intense competition from banks, NBFCs, and fintechs.
Tata Capital IPO Promoter Holding
| Pre Issue Share Holding | 95.60% |
| Post Issue Share Holding | 85.50% |
Tata Capital IPO Prospectus
Company Contact Information
| 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/ |
Tata Capital IPO Registrar
| 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 |
Tata Capital IPO Lead Manager(s)
| 1. BNP Paribas 2. Axis Capital Limited 3. HDFC Bank Limited 4. ICICI Securities Limited 5. SBI Capital Markets Limited 6. IIFL Capital Services Limited 7. J.P. Morgan India Private Limited 8. Kotak Mahindra Capital Company Limited 9. Citigroup Global Markets India Private Limited 10. HSBC Securities and Capital Markets (India) Private Limited |
Tata Capital IPO FAQs
| What is Tata Capital IPO? Tata Capital IPO is a main-board IPO. The issue is priced at ₹310 to ₹326 per equity share. The IPO is to be listed on the BSE & NSE. |
| When will Tata Capital IPO open? The IPO is to open on 06 October 2025 for QIB, NII, and Retail Investors. |
| What is Tata Capital IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| What is Tata Capital IPO Size? Tata Capital IPO size is ₹15,511.87 Crore. |
| What is the Tata Capital IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 46 Shares with ₹14,996, while the maximum bid is 598 Shares with ₹1,94,948. |
| What is the Tata Capital IPO Allotment Date? Tata Capital IPO allotment date is 09 October 2025. |
| What is the Tata Capital IPO Listing Date? Tata Capital IPO listing date is 13 October 2025. The IPO is to be listed on BSE and NSE. |
