Tata Capital Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹310 - ₹326
- Lot size
- 46 shares
- Issue amount
- ₹15,511.87 cr
- Total subscription
- 1.95×
- Opens
- 6 Oct 2025
- Closes
- 8 Oct 2025
- Allotment
- 9 Oct 2025
- Listing
- 13 Oct 2025
Offer at a glance
Issue overview
- Issue size
- 47,58,24,280 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹14,260
- Fresh issue
- ₹6,846 cr
- Offer for sale
- ₹8,665.87 cr
- Registrar
- Link Intime India Private Ltd (MUFG)
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,996
- Issue type
- Bookbuilding IPO
- Shares before issue
- 4,03,48,69,037
- Shares after issue
- 4,24,48,69,037
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 46 | ₹14,996 |
| sHNI | 14 | 644 | ₹2,09,944 |
| bHNI | 67 | 3,082 | ₹10,04,732 |
Share reservation
Subscription & GMP
Subscription by category
Reported 8 Oct 2025
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| RETAIL | 36,11,272 | 22,99,853 |
| EMPLOYEES | 0 | 41,833 |
| HNIs(10L +) | 73,699 | 22,362 |
| HNIs (2-10L) | 36,850 | 66,301 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 3,094.55 | 10,577.97 |
| FIIs | 0 | 6,133.79 |
| FIs | 0 | 1,801.36 |
| Mutual Funds | 0 | 1,693 |
| Others | 0 | 949.83 |
| RETAIL | 5,415.46 | 5,939.02 |
| HNIs 2+ | 773.64 | 1,654.85 |
| HNIs 10+ | 1,547.28 | 2,943.94 |
| EMPLOYEES | 39.12 | 114.34 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Jun-25 | Mar-25 | Mar-24 |
|---|---|---|---|
| EPS | 2.5 | 9.3 | 8.6 |
| ROE | 0 | 0 | 0 |
| ROCE | 0 | 0 | 0 |
| RONW | 3 | 11.2 | 13.4 |
| PRE IPO(PE) | 0 | 35.99 | 0 |
| POST IPO(PE) | 33.24 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| Tata Capital | 35.99 | NA | 10 | 79.5 | 11.2 | 9.3 |
| Bajaj Finance | 37.8 | NA | 1 | 155.6 | 17.35 | 26.89 |
| Shriram Finance | 12.1 | NA | 2 | 300.3 | 16.83 | 50.82 |
| Cholamandalam Investment and Finance Co. | 31.5 | NA | 2 | 281.5 | 18.01 | 50.72 |
| L&T Finance Limited | 23.1 | NA | 10 | 102.5 | 10.34 | 10.61 |
| Sundaram Finance Limited | 26.9 | NA | 10 | 1,187.80 | 13.74 | 170.53 |
| HDB Financial Services Ltd | 28.1 | NA | 10 | 198.8 | 14.57 | 27.4 |
Company information
Company profile
Tata Capital Limited, incorporated in 2007, is a diversified financial services company and a subsidiary of Tata Sons Private Limited. Operating as a non-banking financial company (NBFC), it provides a wide range of financial solutions to retail, corporate, and institutional clients. Its offerings include consumer loans such as personal, home, auto, education loans, and loans against property; commercial finance like term loans, working capital loans, equipment financing, and lease rental discounting; wealth management services including portfolio management and investment advisory; investment banking services covering equity capital markets, M&A advisory, and structured finance; private equity investments in high-growth companies; and cleantech finance for renewable energy, energy efficiency, waste, and water management projects. Tata Capital is headquartered in Mumbai and has over 723 branches across India.
Strengths
- Tata Group Backing: Part of the Tata Group, operating globally in 100+ countries with over 1 million employees.
- Top Diversified NBFC in India: Third-largest NBFC with ₹2,265.5 billion in loans and 25+ lending products for individuals, SMEs, and corporates.
- Wide Distribution Network: Strong pan-India presence through branches, digital channels, and partners for seamless customer access.
Risk factors
- Risk from Customer Defaults: Gross Stage 3 loans at 1.9% in FY25 mean defaults could impact business and cash flows.
- Provisioning Shortfall Risk: Provision coverage declined to 58.5% in FY25, which may affect financial stability.
- Exposure to Unsecured Loans: Unsecured loans account for 21% of total gross loans; delayed or failed recovery could hurt operations and cash flow.
Promoters
Tata Sons Private Limited
Registrar & documents
Lead manager
Axis Capital Limited, Bnp Paribas, Citigroup Global Markets India Private Limited, Hdfc Bank Limited, Hsbc Securities & Capital Markets Private Limited, ICICI Securities Limited, IIFL Capital Services Limited, J.P. Morgan India Private Limited, Kotak Mahindra Capital Company Limited, SBI Capital Markets Limited
Registrar & contacts
Link Intime India Private Ltd (MUFG)
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
11th Floor, Tower A, Peninsula Business Park, Ganpatrao Kadam Marg, Lower Parel, Mumbai - 400013 Mumbai, Maharashtra, 400013
+91 022 6606 900
[email protected]Company website ↗Understanding TATACAP IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.