Tata Capital Limited, the flagship financial services company of the Tata Group in India, is planning to raise ₹15,512 Crore through an IPO.
[Fresh Issue ₹6,846 Cr + OFS ₹8,666 Cr]
Tata capital ipo price is ₹310 – ₹326 per share
Tata Capital: History
The Company was originally incorporated as Primal Investments & Finance Limited, a public limited company under the Companies Act, 1956, on March 8, 1991.
The name of the Company was then changed to Tata Capital Limited for the purposes of brand visibility, and a fresh certificate of incorporation was issued by the RoC on May 8, 2007.
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Tata Capital: Business
Tata Capital Ltd (TCL) is a subsidiary of Tata Sons Private Limited and carries on business as a non-banking financial company (NBFC).
Tata Capital and its subsidiaries are engaged in providing (supplying) a wide array of services (products) in the financial services sector and operate across various areas of business, such as –
- Commercial Finance,
- Consumer Loans,
- Wealth Services, and
- Distribution and Marketing of Tata Cards
Through its comprehensive suite of over 25 lending products (the Lending Business), the company caters to a diverse client base comprising large corporations, entrepreneurs, small and medium-sized enterprises (SMEs), salaried and self-employed individuals, and small businesses.
According to the CRISIL Report, Tata Capital is –
- The third largest diversified NBFC in India with Total Gross Loans of ₹2,265.5 billion as at March 31, 2025,
- The fastest growing large diversified NBFCs in India based on growth in Total Gross Loans, and
- Has a track record of sustained growth while maintaining asset quality, as evidenced by metrics such as Gross Stage 3 Loans Ratio of 1.9%, Net Stage 3 Loans Ratio of 0.8% and Provision Coverage Ratio (PCR) of 58.5%, which are among the best across large diversified NBFCs in India as at March 31, 2025.
Since commencing its lending business in 2007, the company has served 7 million clients up to March 31, 2025.
Distribution Network
As of 30 June 2025, the company operated 1,516 branches across 27 states and union territories in India, supported by digital platforms and partnerships with OEMs, DSAs, and dealers.
Strategies Ahead
- Continue to grow by enhancing product offerings and strengthening the distribution network.
- Strengthen credit underwriting, risk management framework, and collections infrastructure to maintain high asset quality.
- Leverage technology and data analytics across the lending value chain to enhance efficiency, reduce costs, improve customer experience, and manage risks.
- Maintain credit ratings and a diversified liability mix to optimize our borrowing costs.
- Attract, train, and retain talented employees.
Company Promoters
- Tata Sons Private Limited
Refer to Tata Capital IPO DRHP for detailed information.
IPO Details
ipo date = 06 Oct – 08 Oct 2025
Minimum Amount = ₹14,996
Minimum Bid = 46 Shares
Face Value (FV) = ₹10
Listing On = NSE, BSE
Book Running Lead Managers
Kotak Mahindra Capital
BNP Paribas
J.P. Morgan India
HSBC Securities and Capital
Citigroup Global Markets
Financials
CONCLUSION
FinBlab recommends ‘SUBSCRIBE‘ ratings on Tata Capital IPO (keeping a long-term view in mind)
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