Wait is over! Tata Capital IPO of Rs 176474800000 to be launched in…, can become largest public issue in India’s…

Tata Sons holds an 88.6 per cent stake in Tata Capital, while IFC owns 1.8 per cent holding.

Tata Capital is planning to launch its long-awaited $2 billion (Rs 17,200 crore) initial public offering (IPO) in the week starting September 22, according to a report by PTI.

The share sale is expected to value the company at around $11 billion, with a likely stock market debut by September 30.

As per the updated draft red herring prospectus (DRHP) filed in August, the IPO will comprise 47.58 crore shares along with a fresh issue of 21 crore equity shares and an offer for sale (OFS) of 26.58 crore shares.

Tata Capital IPO 

Under the OFS component, Tata Sons will offload 23 crore shares, while the International Finance Corporation (IFC) will divest 3.58 crore shares.

This IPO can become the largest public issue in India’s financial sector. It will also be the Tata Group’s second public listing in recent years, after the debut of Tata Technologies in November 2023.

The IPO is being undertaken as per the Reserve Bank of India’s (RBI) listing mandate for upper-layer NBFCs, which requires them to be listed within three years of classification. Tata Capital was designated as an upper-layer NBFC in September 2022.

Tata Capital Performance

The performance of Tata Capital has been consistent with total gross loans of Rs 2.26 lakh crore as of March 2025, with a compound annual growth rate of 37 per cent between FY23 and FY25. Its profit after tax stood at Rs 3,646.6 crore in FY25, up from Rs 3,029.2 crore in FY23, translating into a CAGR of 10 per cent.

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(With Inputs From PTI)