Tata Capital to Raise Rs 17,200 Crore Through IPO, Expected to Debut on September 30

Tata Capital to Launch Rs 17,200 Crore IPO, Expected Market Debut on September 30.

Tata Capital, the Tata Group’s non-banking financial company (NBFC), is set to launch its much-awaited USD 2 billion (Rs 17,200 crore) IPO in the last week of September, with a likely debut on September 30, according to sources cited by PTI.

The IPO will include 47.58 crore shares, comprising a fresh issue of 21 crore equity shares and an offer for sale (OFS) of 26.58 crore shares. Under the OFS, Tata Sons plans to sell 23 crore shares, while the International Finance Corporation (IFC) will divest 3.58 crore shares. Tata Sons currently holds an 88.6% stake in the company, with IFC owning 1.8%.

Proceeds from the IPO will strengthen Tata Capital’s Tier-1 capital, supporting future lending and expansion. If successful, it will be the largest IPO in India’s financial sector and the Tata Group’s second public listing in recent years, following Tata Technologies in 2023.

Ahead of the listing, Tata Capital conducted institutional roadshows to engage domestic and global investors, with sentiment buoyed by its strong financial performance. In Q4 FY25, consolidated profit after tax (PAT) rose 31% to Rs 1,000 crore, and revenue surged nearly 50% to Rs 7,478 crore. For FY25, PAT climbed to Rs 3,655 crore from Rs 3,327 crore in FY24, while total revenue increased to Rs 28,313 crore from Rs 18,175 crore.

The IPO filing was made via SEBI’s confidential pre-filing route in April 2025, allowing the company to delay public disclosure of details until later stages—a growing trend among Indian firms. The move also aligns with the RBI’s directive for all ‘upper layer’ NBFCs to go public by September 2025.