Tata Capital IPO: Price, Analysis, Allotment, And GMP

Tata Capital IPO - Company Analysis

Tata Capital IPO, a Mainboard IPO, is a bookbuilding issue of Rs. 47.58 Cr by Tata Capital Ltd., and is the prominent financial services arm of the Tata Group that is based in Mumbai and was incorporated in 1991. With a gross loan book of Rs. 2265.5 billion as of March 31, 2025, Tata Capital is the third-largest diversified NBFC in India. 

The organization provides a wide range of financial services in the retail, SME, and corporate sectors, including wealth management, infrastructure finance, housing loans, and consumer loans.

 

Tata Capital IPO Details

The Tata Capital Ltd IPO open date is from Oct 06 to Oct 08, with IPO allotment on Oct 09, refund initiation on Oct 10, 2025.

The Rs. 47.58 Cr mainline IPO comprises a wholly fresh issue of 21 crore shares.

The Tata Capital IPO listing date might be on Monday, 13 October 2025, and it will be listed at the BSE and NSE. The Tata Capital IPO price band is Rs.  to Rs.  for each Share.

Events	Date
IPO Opening Date	October 06, 2025
IPO Closing Date	October 08, 2025
IPO Allotment Date	October 09, 2025 (Tentative)
Refund Initiation	October 10, 2025 (Tentative)
Tentative IPO Listing Date	October 13, 2025

 

Industry Outlook

If you want to apply for the IPO, click to open a Demat Account.

 

 

Company Financial 

(Amount in Cr)

Period	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	2,48,465.01	1,76,693.98	1,35,626.10
Total Income	28,369.87	18,198.38	13,637.49
Profit After Tax	3664.66	3150.21	3029.20
EBITDA	20,338.22	14,247.76	10,763.22
Net Worth	32,587.82	23,540.19	17,959.06
Reserves & Surplus	24,299.36	18,121.83	11,899.32
Total Borrowing	2,08,414.93	1,48,185.29	1,13,335.91

 

Cash Flows

The cash flows for various activities are shown below:

(Amount in Mn)

Net Cash Flow In Multiple Activities	FY25	FY24	FY23
Net Cash Flow Operating Activities	(298,724.8)	(379,985.4)	(231,896.0)
Net Cash Flow Investing Activities	(395.2)	57,572.1	(22,695.7)
Net Cash Flow Financing Activities	2,94,124	359,524.2	264,295.7

 

Revenue Bifurcation 

(Source - RHP)

 

The Objective of The Issue

• Expansion of the company's Tier-I capital base to accommodate future lending needs and other capital requirements.

• General corporate purposes.

Click to check the IPO application status.

Listed Peers of Tata Capital Ltd.

Company Name	Face Value (Rs. per Share)	EPS (Rs.)	P/E (x)
Bajaj Finance Limited	1	26.89	32.6
Shriram Finance Limited	2	50.82	12.1
Cholamandalam Inv. & Fin. Co. Ltd.	2	50.72	28.1
L&T Finance Limited	10	10.61	19.0
Sundaram Finance Limited	10	170.53	26.8
HDB Financial Services Limited	10	27.40	27.4

 

Valuation

Metric	Value
ROE	14.2%
Debt/Equity	6.6x
RoNW	11.2%

 

 

 

Evaluation of P/E Ratio

The company's IPO price of Rs.  corresponds to a P/E multiple of x based on FY25 EPS of Rs. 9.3.

Explore the Fabtech Technologies IPO.

IPO's Strengths

• Strong brand equity as part of the Tata Group.

• One of India’s fastest-growing diversified NBFCs.

• Large and diversified loan portfolio.

• Consistent profitability and improving financials.

 

IPO Weaknesses

• Sensitive to RBI regulations and interest rate cycles.

• High competition from banks and other NBFCs.

• Asset quality might weaken during an economic slowdown.

• Has a lower return on net worth than some competitors.  

 

Tata Capital IPO GMP 

Tata Capital IPO GMP today is Rs. 30 as of 27 Sep 2025, while writing this information. Hence, the Tata Capital IPO listing price (estimated) might be Rs. 30 (upper price + current GMP or grey market premium).

 

Tata Capital Limited IPO Summary

IPO Opening & Closing Date	Oct 06, 2025 to Oct 08, 2025
Face Value	Rs. 10 per Share
Issue Price	Rs.  to Rs.
Lot Size	* Shares
Issue Size	47,58,24,280 Shares (Rs. * Cr)
Offer for Sale	26,58,24,280 Shares (Rs. * Cr)
Fresh Issue	21,00,00,000 Shares (Rs. * Cr)
Listing At	BSE, NSE
Issue Type	Book Built Issue IPO
Registrar	MUFG Intime India Pvt. Ltd.

 

 

Tata Capital IPO Lot Size

The Tata IPO allows retail investors to invest in a minimum and maximum of 1 Lot (* Shares) amounting to Rs. * and * Lots (* Shares) amounting to Rs. *, respectively, while for S-HNI investors, the minimum Lot is * (* Shares) amounting to Rs. *.

Minimum Lot Investment (Retail)	1 Lot
Maximum Lot Investment (Retail)	* Lots
SHNI (Minimum)	* Lots
SHNI (Maximum)	* Lots
BHNI (Minimum)	* Lots

Tata Capital IPO Reservation

Institutional Share Portion	50%
Retail Investors' Share Portion	35%
Non-Institutional Shares Portion	15%

 

Tata Capital IPO Allotment Status

To check the Tata Capital IPO allotment status, visit the official Registrar’s website or the BSE website. Below are the website links for you.

Using BSE Website - ​BSE IPO allotment status

 

Promoters And Management of Tata Capital Ltd.

• Tata Sons Private Limited.

Pre-Issue Promoter Shareholding	88.6%
Post-Issue Promoter Shareholding	-

 

Tata Capital IPO Lead Managers

• Kotak Mahindra Capital Co. Ltd.

 

Dividend Policy

The company has paid a dividend of Rs. 0.4, Rs. 0.2, Rs. 0.2 per Share in the past years.

Conclusion

Tata Capital IPO has been a long-anticipated release from the Tata Group. The company has considerable growth potential as the 3rd largest diversified NBFC. When considering investing in this company, however, the moderate RoNW, regulatory risks, competition, and the growth potential under the trust of the Tata brand must be evaluated.

 

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

Click Here To Stay Updated With The Upcoming IPOs.

DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.