Tata Capital Begins Investor Roadshows For Rs 17,000-Crore IPO
IPO-bound Tata Capital has launched a series of institutional roadshows to engage both global and domestic investors
Tata Capital IPO: IPO-bound Tata Capital has launched a series of institutional roadshows to engage both global and domestic investors as it gears up for its much-anticipated initial public offering, estimated to be over Rs 17,000 crore, Moneycontrol reported, citing sources.
The move follows the shadow bank's filing of an updated Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on August 4.
'Tata Capital's diversified lending portfolio, strong parentage, the legacy of the Tata brand, and sharp focus on digital transformation are expected to attract a broad spectrum of investors, both foreign and domestic," one source told Moneycontrol.
Expected to be the biggest IPO of 2025, the share sale comprises a fresh issue of up to 21 crore equity shares and an offer for sale (OFS) of up to 26.58 crore shares, totalling 47.58 crore shares. Tata Sons, the company's promoter, will sell up to 23 crore shares, while International Finance Corporation (IFC) plans to offload up to 3.58 crore shares.
The fresh issue proceeds will be used to bolster Tata Capital's Tier-I capital base to meet capital adequacy requirements and for onward lending.
According to Moneycontrol sources, the company's senior leadership is spearheading outreach efforts, with global roadshows already underway in Hong Kong, Singapore, the UK, and the US. These will be followed by domestic events, including retail-focused sessions closer to the IPO launch.
The roadshows are aimed at generating investor interest, showcasing Tata Capital's growth strategy, and building confidence ahead of one of the most significant financial services IPOs of the year.
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