Tata Capital IPO: Everything You Need to Know

Tata Capital Limited, the well-established financial services arm of the renowned Tata Group, is all set for its initial public offering (IPO) in late September or early October 2025. Owing to the Tata Capital brand and the substantial ₹ 17,000 crore ($ 2 billion) IPO size, anticipation across financial markets is already running high, with investors and analysts keenly watching for its landmark debut. 

Here’s a simple guide covering key facts, company background, and important points for investors.

Tata Capital IPO Dates & Launch Details

• IPO opening date: To Be Confirmed. Expected late September or early October 2025.
• IPO closing date: To Be Confirmed. Expected to stay open for 3 days from launch.
• Expected listing date: To Be Confirmed. 

Price Band & Investment Details

• Price band: Not officially declared.
• Minimum lot size: Not officially declared.
• Minimum investment: Not officially declared.
• Maximum retail investment: Not officially declared.
• Total issue size: Estimated at over ₹ 17,000 crore ($ 2 billion+), comprising both fresh shares and offer-for-sale by shareholders.

IPO Structure

About Tata Capital

Tata Capital Limited is a major non-banking financial company (NBFC), part of the Tata Group, with a presence across retail, SME, corporate, infrastructure, and sustainable finance. It serves individuals, businesses, and institutional clients via nearly 1,500 branches in 27 states and union territories, combining physical branches with digital service platforms for a wide reach.

Services & Verticals

• Housing loans, personal loans, car and two-wheeler loans.
• SME and business loans, equipment and supply-chain finance.
• Corporate and infrastructure finance.
• Cleantech finance, microfinance, and wealth management.

The company is known for innovation, digital platforms, and customer-driven financial solutions, upholding the broader Tata Group’s legacy of trust and ethical business.

Financials 

Tata Capital has delivered steady growth in assets, income, and profits in recent years, ranked among India’s largest NBFCs.

Key Financial Achievements and Ratios (FY25)

• Loan Book: 2,21,950 Cr (Up by 41% YoY)
• Net Interest Income: ₹13,036 Cr (Up by 62% YoY)
• Gross NPA: 1.9%
• Net NPA: 0.8%
• Return on Equity (ROE): 12.6%
• Capital Adequacy Ratio: 16.9%
• Basic EPS: ₹  6.60
• Debt Equity Ratio: 5.30%

Sector & Market Context

• India’s NBFC segment is vital to financing retail, small businesses, and infrastructure, supporting economic growth outside traditional banks.
• RBI regulations require large NBFCs, like Tata Capital, to list shares for transparency and wider public ownership.
• The sector remains competitive, with lenders investing in digital channels, efficiency, and customer experiences to stand out.

Key Considerations for Investors

Strong Business Foundations

• Tata Capital is diversified across retail, SME, and institutional loans, with a broad branch and digital network.
• Backed by Tata Group’s reputation for stability and sound governance.

Growth

• Consistent growth in income, loan book, and profits, with strong asset quality and risk controls.

IPO Structure & Proceeds

• Proceeds from the fresh issue will be used to enhance Tier-1 capital for future lending and growth.
• The offer also includes a significant promoter OFS, offering public investors an opportunity to own shares in a core Tata company.

Risks & Points to Note

• Lending is sensitive to shifts in interest rates, economic slowdowns, and regulatory changes.
• High expectations due to Tata Group association could affect valuation and aftermarket trading.
• The issue is subject to standard regulatory, operational, and market risks linked to the Indian financial sector.

About the Company

Incorporated in 1991, Tata Capital operates as a pan-India NBFC with a strong omnichannel distribution, a wide range of financial products, and prudent risk management. It enjoys the highest credit ratings and plays a crucial role in the group’s financial services portfolio.

Conclusion

Tata Capital’s IPO invites investors to own a part of a leading NBFC, backed by strong business fundamentals, growth prospects, and the Tata legacy. As always, consider investment goals, risk appetite, and latest public disclosures before participating in this offer.