The issue size of Tata Capital IPO is ~₹15,512 crore with ~₹6,846 Cr as Fresh Issue and Offer For Sale of ~₹8,666 crore. And the expected date for the opening of IPO is 6th Oct’25.
Tata Capital is a prominent non-banking financial company (NBFC) and a subsidiary of Tata Group.
Tata Capital has a diverse range of financial services like personal loan, home & business loan, corporate loans, loans to SME’s, wealth management and investment banking.
Subscription date for Tata Capital is expected to be from 6th Oct’25.
And the price range is expected to be between ₹ 310-326.
The total number of shares in fresh issue is ~21 Crore and that for OFS will be ~26.58 Cr
Tata Capital Grey market premium today
| Date | IPO Price | IPO GMP | GMP Trend | Estimated listing | Estimated profit per lot |
| 01-Oct | ₹ 310-326 | ₹ 20 | — Neutral | ₹ 346 | ₹ 920 |
| 30-Sep | ₹ 310-326 | ₹ 31 | +Positive | ₹ 357 | ₹ 1,426 |
| 29-Sep | ₹ 310-326 | ₹ 31 | +Positive | ₹ 357 | ₹ 1,426 |
| 28-Sep | ₹ 310-326 | ₹ 31 | +Positive | ₹ 357 | ₹ 1,426 |
| 27-Sep | ₹ 310-326 | ₹ 30 | +Positive | ₹ 356 | ₹ 1,380 |
| 26-Aug | ₹ 310-326 | ₹ 30 | +Positive | ₹ 356 | ₹ 1,380 |
Revenue , PAT, EBITDA of Tata Capital
| Year | 2025 |
| Networth | ₹ 32,563 |
| Revenue: | ₹ 28,370 |
| EBITDA | ₹ 4,922 |
| PAT | ₹ 3,655 |
| EBITDA Margin: | 17.3% |
| PAT Margin | 12.9% |
Tata Capital Financials (Consolidated Figures)
| Year (Approx Values) | Revenue (₹ Cr) | Profit (₹ Cr) | Assets (₹ Cr) | Borrowings (₹ Cr) | Net Worth (₹ Cr) |
| 2023 | ₹ 13,637 | ₹ 3,029 | ₹ 1,76,694 | ₹ 81,310 | ₹ 18,149 |
| 2024 | ₹ 18,198 | ₹ 3,327 | ₹ 1,76,694 | ₹ 79,143 | ₹ 26,528 |
| 2025 | ₹ 28,370 | ₹ 3,655 | ₹ 2,48,456 | ₹ 1,18,620 | ₹ 32,563 |
Core Offerings & Store/Plant location
Tata Capitals core offerings are:
> Consumer loans like personal, home, education or vehicle loan.
> Loans to SME & other business loans, Corporate financing and leasing, wealth management, Investment distribution and advisory.
> It also manages wealth and investment distribution across the Tata Ecosystem.
Tata Capital has a network of around 1400+ branches spread across PAN India.
Tata Capital IPO Strengths & Risks
Strengths:
>Strong growth in Revenue (~56%) and Assets (~41%) for the FY 2024 → FY 2025.
> PAT rose ~10% from ₹3,327 cr to ₹3,655 cr for the FY 2024-25.
> Trusted brand of Tata with governance aiding fundraising and customer acquisition.
> Scaled, diversified loan book across retail/SME/corporate with expanding distribution.
> Capital adequacy comfortably above regulatory bar (CRAR ~16.9% as of Mar 31, 2025).
> In 2022 was classified as an NBFC-Upper Layer under RBI’s scale-based regulation framework.
> Technology Integration: It leverages advanced technology and automation to streamline operation, document verification, credit evaluation & loan origination.
Risks:
> Borrowings surged significantly.
> Sectoral risk of being NBFC, any change in regulations or interest rates might impact business.
> High competition with large banks, emerging Fintechs & other large NBFC’s.
> Borrowings jumped from ~₹79,000 crore in FY24 to ~₹1.18 lakh crore in FY25, rapid expansion makes company sensitive to funding costs.
> Bad loan ratio increased to ~1.9% in FY 25, higher than FY24.
Tata Capital: IPO date & invest detail
| IPO Open Date: | 06 October 2025 |
| IPO Close Date: | 08 October 2025 |
| Anchor Investor Bidding | 03 October 2025 |
| IPO Allotment Date: | 09 October 2025 |
| Refunds & Demat Credit | 10 October 2025 |
| Tentative Listing Date: | 13 October 2025 |
| IPO Category | Mainboard |
| Symbol | – |
| Face Value: | Rs.10 per Equity Share |
| Issue Size: | ~ ₹ 17,200 Cr |
| Lot Size: | 46 Shares |
Tata Capital Composition & Proceeds
| Fresh Issue: | ~₹ 7,591 crore |
| Offer for Sale: | ~₹ 9,608 crore |
| Employee reservation | 5% |
| Price Range | ₹ 475-500 |
| Debt Repayment | – |
| Working Capital | Augment Tier – 1 capital ( For expansion) |
| Facility Expansion | – |
| General corporate purpose | – |
| IPO Listing on: | NSE & BSE |
| Retail Quota: | ≥ 35% |
| QIB Quota: | ≤ 50% |
| NII Quota: | ≥ 15% |
Tata Capital Lot Size details
| Application Type | Lot Size | No. of Lots | No. of Shares | Investment Amount |
| Retail(Min) | 46 | 1 | 46 | 14,996 |
| Retail (Max) | 46 | 13 | 598 | 194,948 |
| Small HNI (Min) | 46 | 14 | 644 | 209,944 |
| Small HNI (Max) | 46 | 66 | 3,036 | 989,736 |
| Big HNI (Min) | 46 | 67 | 3,082 | 1,004,732 |
Promoters – Pre offer equity (Approx)
| Tata Sons (Promoter) | 88.6% |
| Other Tata Group Promoter Entities | 7.0% |
| IFC (Investor, selling shareholder) | 1.8% |
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