Tata Capital IPO: Rs 17,200 Crore Issue Likely To Launch Soon As SEBI Clears Draft Prospectus
Tata Capital IPO: Tata Sons, the holding company of Tata Capital, currently owns a 92.83 per cent stake in the business.
Tata Capital IPO: Tata Group prepares to bring Tata Capital to the stock market soon. Tata Capital has received regulatory approval from the market regulator for its confidential draft prospectus for a Rs 17,200 crore IPO, according to ET report. The company is likely to file its red herring prospectus (RHP) early next month.
With this IPO, Tata Capital is expected to be valued around $11 billion, according to an earlier PTI report.
In a stock exchange announcement, Tata Capital stated, 'The company has filed the Pre-filed Draft Red Herring Prospectus dated April 5, 2025, under the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, with Sebi, BSE, and NSE in connection with its Initial Public Offering of equity shares of face value of Rs 10 each." The IPO will include a fresh issue of equity shares and an offer for sale (OFS) by certain shareholders.
Launch Date and Regulatory Compliance
While the IPO launch date is still under wraps, Tata Capital must be listed on the stock exchanges by September 2025 to comply with NBFC-UL regulations.
According to RBI rules, upper-layer NBFCs must list on the stock exchange within three years of their designation. Tata Capital was classified as an upper-layer NBFC in September 2022.
Details Of The Tata Capital IPO
As disclosed to stock exchanges last month, the proposed IPO will feature 2.3 crore equity shares through a fresh issue and OFS by existing shareholders.
Sources informed PTI last month that the IPO size could reach $2 billion (over Rs 17,000 crore), valuing Tata Capital around $11 billion.
The Reserve Bank of India (RBI) has identified Tata Capital as an upper-layer non-banking finance company (NBFC), and the company has already received board approval to move forward with the initial share sale.
Tata Sons, the holding company of Tata Capital, currently owns a 92.83 per cent stake in the business.
If successful, this IPO will be the largest initial share sale in India's financial sector. It will also mark Tata Group's second public market entry in recent years, following the listing of Tata Technologies in November 2023.
This initiative is part of Tata Capital's efforts to meet the Reserve Bank of India's listing requirements.
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