• Tata Capital's Rs 15,512 crore IPO was fully subscribed on the final day of bidding.
• Qualified Institutional Buyers led the demand, with retail participation at 93%.
• The IPO positions Tata Capital for a strong debut on October 13, 2025.

Tata Capital successfully closed its Rs 15,512 crore Initial Public Offering (IPO) on October 8, 2025, with the issue being fully subscribed on the final day of bidding. The IPO attracted bids for 45.85 crore shares, surpassing the 33.34 crore shares on offer, indicating strong investor interest.

Among the investors, Qualified Institutional Buyers (QIBs) led the demand, subscribing 2.07 times their allocated portion. Non-Institutional Investors (NIIs) applied for 1.46 times their share, while Retail Individual Investors (RIIs) saw a subscription of 93%.

Ahead of the IPO, Tata Capital raised Rs 4,642 crore from 68 domestic and international institutional investors, with the anchor book receiving nearly five times the demand compared to the allocation.

The IPO, priced between Rs 310 and Rs 326 per share, values Tata Capital at approximately Rs 1.38 lakh crore at the top end. The offering comprises 47.58 crore shares, including a fresh issue of 21 crore shares and an Offer For Sale (OFS) of 26.58 crore shares. Under the OFS, Tata Sons will sell 23 crore shares, while the International Finance Corporation (IFC) will offload 3.58 crore shares.

Also Read: Tata Capital IPO Opens Today in Biggest Public Offer of 2025

The proceeds from the IPO will bolster Tata Capital's Tier-1 capital base, supporting future lending and other capital needs. This move also aligns with the Reserve Bank of India's requirement for upper layer Non-Banking Financial Companies (NBFCs) to be listed within three years.

Tata Capital, a part of the Tata Group, offers a wide range of financial products and services, including lending, wealth management, and insurance distribution. The company is set to make its stock market debut on October 13, 2025.