Mumbai: Tata Capital Limited has announced the opening of its Initial Public Offering (IPO) on Monday, October 6, 2025.
The Tata Capital IPO will close on Wednesday, October 8, 2025, with the Anchor Investor bidding set for Friday, October 3, 2025.
Tata Capital IPO Price Band and Offer Structure
The Price Band for the Tata Capital IPO has been fixed at ₹310 to ₹326 per equity share. The floor price is 31.0 times the face value of equity shares, while the cap price is 32.6 times the face value. Investors can place bids for a minimum of 46 equity shares and in multiples of 46 equity shares thereafter.
The IPO comprises a total offer of up to 475,824,280 equity shares, which includes a fresh issue of up to 210,000,000 equity shares and an offer for sale (OFS) of up to 265,824,280 equity shares.
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Selling Shareholders
The Offer for Sale component includes up to 230,000,000 equity shares from Tata Sons Private Limited, the promoter selling shareholder, and up to 35,824,280 equity shares from International Finance Corporation (IFC), the investor selling shareholder.
Utilization of Proceeds from Tata Capital IPO
Proceeds from the fresh issue are proposed to be used to strengthen Tata Capital’s Tier-I capital base, supporting future capital requirements including onward lending.
Tata Capital IPO Listing and Red Herring Prospectus
The equity shares offered through the Red Herring Prospectus, dated September 26, 2025, filed with the Registrar of Companies, Maharashtra at Mumbai, are proposed to be listed on BSE and NSE. The Red Herring Prospectus can be accessed here.
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Lead Managers for Tata Capital IPO
The Book Running Lead Managers (BRLMs) to the Tata Capital IPO are Kotak Mahindra Capital Company Limited, Axis Capital Limited, BNP Paribas, Citigroup Global Markets India Private Limited, HDFC Bank Limited, HSBC Securities and Capital Markets (India) Private Limited, ICICI Securities Limited, IIFL Capital Services Limited, J.P. Morgan India Private Limited, and SBI Capital Markets Limited
