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Blogs / IPO Note / Tata Capital Limited IPO Update
By Sushil Finance
6 October 2025 • 8 MINUTES READ
Tata Capital

Tata Capital Limited IPO Update

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IPO Details

Issue Opening Date: October 6, 2025
Issue Closing Date: October 8, 2025
Issue Size: ₹ 15,511.87 Cr (@ upper Price Band of ₹ 326)
Fresh Issue: ₹ 6,846 Cr
Offer For Sale: ₹ 8,665.87 Cr
Face Value: ₹ 10
Our View: Subscribe for Long Term Horizon
Price Band: ₹ 310 to ₹ 326 per Equity Share
Lot Size: 46 Shares & multiples thereafter
Minimum Application Amount: ₹ 14,996 (46 Shares)
Maximum Application Amount: ₹ 1,94,948 (598 Shares)
Small HNI: ₹ 2,09,944 (644 Shares)
Big HNI: ₹ 10,04,732 (3,082 Shares)


Company Overview

Tata Capital is the flagship financial services company of the Tata group and a subsidiary of Tata Sons Pvt. Ltd. It is the 3rd largest diversified NBFC in India with Total Gross Loans of ₹2,334 billion as at June 30, 2025, serving 7.3 million customers since 2007. The company caters to retail, SMEs, corporates, and entrepreneurs through 25+ lending products, as well as wealth management and third-party product distribution. With 1,516 branches across India, Tata Capital is supported by AAA ratings from CRISIL, ICRA, CARE, and India Ratings.


Key Highlights

Flagship Tata Group financial services company
3rd largest diversified NBFC in India
Omni-channel distribution – physical and digital
Strong risk management and asset quality
Digital-first and analytics-driven growth
AAA rated with diverse liability profile
Strong financial track record

Objects of the Issue

To augment Tier-I capital base to meet future capital requirements including onward lending.

Our View

Tata Capital, with the legacy of the Tata Group, is well-positioned for growth as the 3rd largest NBFC in India. The IPO provides investors an opportunity to participate in India’s expanding credit market. While valuation is on the higher side, the company’s strong brand, wide product portfolio, risk management practices, and fresh capital infusion strengthen its long-term investment case. High debt-to-equity (6.6x) and competitive sector dynamics remain key risks. Overall, this IPO is suitable for investors with a long-term horizon.



Frequently Asked Questions (FAQs)

What are the Tata Capital Limited IPO dates?
The Tata Capital Limited IPO opens on October 6, 2025, and closes on October 8, 2025.

What is the Tata Capital Limited IPO price band?
The IPO price band is ₹310 to ₹326 per equity share.

What is the lot size and minimum investment for Tata Capital Limited IPO?
The lot size is 46 shares and the minimum investment required is ₹14,996.

What is Sushil Finance's view on Tata Capital Limited IPO?
Sushil Finance recommends subscribing to Tata Capital IPO for the long-term horizon, considering the Tata Group backing, diversified product suite, and growth potential.


Brief Financials

PARTICULARS ₹ in Million
As at
June 30, 2025
FY ‘25 FY ‘24 FY ‘23
Total Income 76,916.5 283,698.7 181,983.8 136,374.9
Total Expenditure 63,089.1 234,487.3 137,947.8 98,476.3
EBITDA 55,658.6 203,382.2 142,477.6 107,632.2
Profit before Tax 13,821.9 49,185.6 43,920.3 39,365.6
Profit after Tax 10,409.3 36,550.2 33,269.6 29,457.7
Net Interest Margin Ratio (%) 5.1 5.2% 5.0% 5.1
E.P.S. (Diluted) 2.5* 9.3 8.6 8.4
P/E (x) (Diluted) - 35 - -
RONW (%) 3.00* 11.2 13.4 16.9
CRAR (%) - 16.9 16,7 -

PRICE CHART (@ ₹ 326) (Retail Category)

LOT SIZE
Amount
46 14,996
92 29,992
138 44,988
184 59,984
230 74,980
276 89,976
322 104,972
368 119,968
414 134,964
460 149,960
506 164,956
552 179,952
598 194,948

HNI Payment Chart

Category
No. of Shares Minimum Bid Lot Amount (Rs.)
Small HNI 644 209,944
Big HNI 3,082 1,004,732

Indicative Time Table

Tentative Events
Indicative Dates
Finalisation of Basis of Allotment with the Designated Stock Exchange 9/10/2025
Initiation of refunds/unblocking ASBA Fund 10/10/2025
Credit of Equity Shares to demat accounts of Allottees 10/10/2025
Commencement of trading of the Equity Shares on the Stock Exchanges 13/10/2025




Disclaimer:
The content provided in this blog is for informational and educational purposes only and should not be construed as investment, legal, or tax advice. While Sushil Finance makes reasonable efforts to ensure accuracy and reliability of the information, we do not guarantee its completeness or timeliness. Readers are advised to consult with their financial advisor before making any investment decisions. Sushil Finance shall not be held responsible for any direct or indirect loss arising from use of this content. Investments in securities are subject to market risks. Read all scheme-related documents carefully before investing.


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