Tata Capital came to market through an IPO that opened on 6 October 2025 and closed on 8 October 2025, and the shares listed on 13 October 2025 on BSE, NSE. The price band was ₹310 to ₹326 per share and one lot was 46 shares, so the minimum application was ₹14,996. The issue size was ₹15511.87 crore. It combined a fresh issue of new shares with an offer for sale by existing shareholders.
MUFG Intime India Pvt Ltd was the registrar to the issue, and Kotak Mahindra Capital Co. Ltd., Axis Capital Pvt. Ltd., BNP Paribas, Citigroup Global Markets India Pvt. Ltd., HDFC Bank Ltd., HSBC Securities & Capital Markets (India) Pvt. Ltd., ICICI Securities Ltd., IIFL Capital Services Ltd., JP Morgan India Pvt. Ltd., SBI Capital Markets Ltd were the lead managers.
As of 8 October 2025.
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Tata Capital Limited (TCL), a company offering diversified financial services, was incorporated in 2007 and is a wholly owned subsidiary of Tata Sons Private Limited. Tata Capital, being an NBFC, provides different financial solutions to people and organizations in India. At Tata Capital, customers can access various types of products, including personal loans, home loans, auto loans, education loans, and loans against property.
It gives businesses commercial finance support by offering term loans, working capital loans, equipment financing, and lease rental discounting, which helps those in various industries grow. In addition to loans, Tata Capital covers wealth management, including portfolio creation, advisory on investments, and bringing various financial products to customers. Equity capital markets, mergers and acquisitions advice, and structured finance are some of the services offered by the company’s investment banking unit to guide clients during complicated financial situations.
The private equity arm helps to invest in companies with great chances of expanding, supporting both business and corporate growth. The finance division for cleantech at Tata Capital focuses on sustainability and provides money and support for clean energy, efficient energy use, waste handling, and sustainability in water use. Established in Mumbai, Maharashtra, Tata Capital runs over 723 branches from all parts of India.
Based on the core values of the Tata Group, Tata Capital helps to spread financial services and further the economy in India. As of March 31, 2025, it has a diversified portfolio of 25+ lending products, serving a wide range of customers like salaried and self-employed individuals, entrepreneurs, small business, small and medium enterprises and corporates. As of June 30, 2025, it has a large PAN-India distribution network of 1,516 branches across 1,109 locations in 27 States and Union Territories.
As described in the offer document.
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Tata Capital collects Rs 4,642 crore from 135 anchor investors prior to Rs 15,500-crore IPO. Global marquee investors such as Morgan Stanley, Goldman Sachs, Citigroup, Amansa Holdings, Nomura, Government Pension Global Fund, WCM Investment Management, NFU Mutual Global Alpha Fund, Ashoka WhiteOak, Marshall Wace, Amundi Funds, Societe Generale, and Allspring Global Investments were involved in the anchor book.
Eighteen (18) Indian mutual fund houses such as WhiteOak Capital, ICICI Prudential MF, HDFC AMC, Aditya Birla Sun Life AMC, DSP MF, Axis Mutual Fund, Nippon Life, Edelweiss, Kotak Mahindra AMC, Motilal Oswal AMC, UTI AMC, Bandhan MF, Mahindra Manulife, Baroda PNB Paribas MF, Invesco India, Mirae Asset, and PGIM India bought 5.06 crore Tata Capital shares at Rs 1,650.4 crore.
A few insurance firms also demonstrated strong interest in the Tata Capital IPO such as SBI Life Insurance, HDFC Life Insurance, ICICI Lombard General Insurance, SBI General Insurance, Bharti Axa Life Insurance, Aditya Birla Sun Life Insurance, Canara HSBC Life Insurance, Navi General Insurance, and Reliance General Insurance.
Tata Sons Private Limited. Promoter holding 95.6% before the issue and 85.41% after.
Work out the listing gain for this IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Tata Capital IPO was a ₹15,511.87 crore book-built issue, comprising a fresh issue of ₹6,846 crore and an offer for sale of ₹8,665.87 crore. It was priced at ₹310–₹326 per share with a lot size of 46 shares (₹14,996). The IPO was open from October 6 to October 8, 2025 and was subscribed 1.95x. Shares listed on BSE and NSE on October 13, 2025 at ₹330, a 1.2% premium to the issue price of ₹326.
MUFG Intime India Pvt Ltd is the registrar. Kotak Mahindra Capital Co. Ltd. and 9 other book running lead managers manage the issue.
The price band of Tata Capital IPO is ₹310 to ₹326 per share.
The lot size of Tata Capital IPO is 46 shares.
The minimum investment for Tata Capital IPO is approximately ₹14,996 based on the upper price band.
The allotment date of Tata Capital IPO is Oct 9, 2025.
Tata Capital IPO's final recorded GMP before listing was ₹1 per share (level with the ₹326 upper price band). The shares listed at ₹330. GMP is unofficial and does not forecast or guarantee the actual listing price.
Tata Capital IPO listed on Oct 13, 2025. It was issued at ₹330.0(NSE) and is currently around ₹325.30 as on 2-Nov-2026 3:30 PM, which is approximately -0.2% versus issue price. The 52-week high is ₹390.20.
You can check Tata Capital IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Tata Capital IPO allotment status on Rupix for quick and easy access.
₹310 to ₹326 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 46 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹14,996.
₹14,996, for one lot of 46 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 6 October 2025 and closed on 8 October 2025.
The basis of allotment was published on 9 October 2025 by MUFG Intime India Pvt Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 13 October 2025 on BSE, NSE.
The issue size was ₹15511.87 crore. The fresh issue was 21,00,00,000 shares (aggregating up to ₹6846 crore). The offer for sale was 26,58,24,280 shares (aggregating up to ₹8665.87 crore).