Tata Capital Limited, the flagship financial services arm of the Tata Group, has officially announced the subscription dates for its highly anticipated Initial Public Offering (IPO). Poised to be one of the largest financial sector listings in recent history, the issue opens on October 6, 2025, adhering to the RBI’s mandatory listing norms for upper-layer Non-Banking Financial Companies (NBFCs).
Subscription Window and Anchor Bidding Details
The three-day public subscription window for the mega issue will commence on Monday, October 6, 2025, and conclude on Wednesday, October 8, 2025.
- IPO Open Date: October 6, 2025
- IPO Close Date: October 8, 2025
- Anchor Investor Date: Friday, October 3, 2025 (Bidding for institutional investors)
The shares will be listed as a Book Build Issue on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
Issue Structure: Fresh Issue and Massive OFS
The total offering, which is estimated by market reports to be in the range of ₹16,500 Crore to ₹17,500 Crore, will be a combination of a fresh issue and a significant Offer for Sale (OFS).
- Total Share Offering: Approx. 47.58 Crore Equity Shares
- Fresh Issue: Up to 21.00 Crore Equity Shares. Proceeds from the fresh issue will be utilized to augment the company’s Tier-I capital base, supporting future lending growth and capital requirements.
- Offer for Sale (OFS): Up to 26,58,24,280 Equity Shares by existing shareholders, including the promoter, Tata Sons Private Limited, and investor International Finance Corporation (IFC).
- Face Value: ₹10 Per Equity Share.
IPO Price Band Awaited; Valuation Buzz High
While the total share quantity and issue timeline are confirmed, the crucial IPO Price Band has not been officially announced yet. Market participants and investors are keenly awaiting the final price announcement, which is expected shortly, to assess the final valuation of the company.
Analysts project the IPO to be highly sought-after, following the successful market debut of another Tata Group company, Tata Technologies, in late 2023. The listing is mandatory as per the RBI’s classification of Tata Capital as an Upper-Layer NBFC, requiring it to be publicly listed within three years of its designation in 2022.Disclaimer: This news article is based on information from the company’s regulatory filings (RHP/DRHP) and media reports. The IPO price band, final issue size, and allotment details are subject to the official announcements by the company in consultation with the Book Running Lead Managers. Investors are strongly advised to read the Red Herring Prospectus (RHP) thoroughly and consult a SEBI-registered financial advisor before making any investment decision. The stock market is subject to various risks, and past performance is not indicative of future results.