• IPO worth Rs 17,200 Crore opens Oct 6; closes Oct 8
• Includes fresh issue, major stake sale by Tata Sons & IFC
• Funds to boost Tier-1 capital and lending capacity

Tata Capital, the non-banking financial arm of the Tata Group, is all set to launch its much anticipated Initial Public Offering (IPO) on October 6, 2025, with the offer closing on October 8. The company aims to raise around Rs 17,200 crore (USD 2 billion), making it one of the largest IPOs in India’s financial sector.

The IPO will consist of 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 International Finance Corporation (IFC) will offload 3.58 crore shares. The anchor investor round is scheduled for October 3.

Tata Capital plans to use the proceeds to strengthen its Tier-1 capital base, which will help support its future growth and onward lending. The move also complies with the Reserve Bank of India’s mandate for 'upper-layer' NBFCs to go public within three years of classification. Tata Capital was classified as such in September 2022.

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The company reported a strong financial performance in FY25, posting a profit of Rs 3,655 crore and revenues of Rs 28,313 crore, up significantly from the previous year. Since launching in 2007, Tata Capital has served over 70 lakh customers and offers 25+ lending products, along with wealth management, insurance distribution, and private equity services.

This will be the second public listing by a Tata Group company in recent years, after Tata Technologies debuted in November 2023. Leading investment banks including Axis Capital, Kotak, HDFC Bank, Citi, and JP Morgan are managing the issue.