Tata Capital IPO
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Schedule of Tata Capital
| Issue open date | 06 Oct 2025 |
| Issue close date | 08 Oct 2025 |
| UPI mandate deadline | 08 Oct 2025 (5 PM) |
| Allotment finalization | 09 Oct 2025 |
| Refund initiation | 10 Oct 2025 |
| Share credit | 10 Oct 2025 |
| Listing date | 13 Oct 2025 |
| Mandate end date | 23 Oct 2025 |
| Lock-in end date for anchor investors (50%) | 08 Nov 2025 |
| Lock-in end date for anchor investors (remaining) | 07 Jan 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Tata Capital
Established in 2007, Tata Capital, a subsidiary of Tata Sons Limited, serves as the financial services arm of the Tata Group. Functioning as a non-banking financial company (NBFC), Tata Capital provides a comprehensive suite of financial solutions across key areas, including Commercial Finance, Consumer Loans, Wealth Management, and the distribution of Tata Cards.
Its key subsidiaries further enhance its offerings. Tata Capital Housing Finance Limited (TCHFL) specialises in home loans, affordable housing finance, loans against property, and financing for residential and commercial property developments.
Financials of Tata Capital
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹15511.87 crores |
| Fresh Issue | ₹6846 crores |
| Offer For Sale | ₹8665.87 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Working capital requirements, including onward lending | 6846 (100%) |
Strengths
- Flagship financial services arm of the Tata Group with a 150+ year legacy and strong brand equity.
- Third largest diversified NBFC in India offering 25+ lending products across retail, SME, and corporate segments.
- Omni-channel distribution with pan-India branches, partnerships, and 97%+ digital customer onboarding.
- Robust risk management framework covering 11 risk categories; ISO 31000:2018 compliant.
- Advanced digital infrastructure with API-driven automation, GenAI-based customer support, and scalable systems.
Risks
- High borrowings of over ₹2 trillion; non-compliance with financing covenants could affect operations.
- Heavy reliance on the Tata brand under licensing; any negative publicity may impact business.
- Intense competition in India’s lending market may pressure margins and growth.
- Vulnerability to credit, market, liquidity, and cyber risks despite risk controls.
- Capital requirements and deployment plans are based on management estimates and not independently appraised.
Media coverage
- The Economic Times – Work starts on $2-billion Tata Capital IPO
- Money Control –After Tata Tech, Tata’s rope in advisors for mega Rs 15,000-crore plus IPO of Tata Capital in 2025
- The Daily Brief by Zerodha – Inside India’s biggest NBFC IPO yet
Allotment Status for Tata Capital
To check your allotment status – click here.
Subscription Figures for Tata Capital
As per media reports (Link), the Grey Market Premium (GMP) of Tata Capital is reported at ₹7.5 over the IPO price. This metric is not reliable, and to track IPO interest, it is better to check subscription numbers published by exchanges, which are considered more reliable indicators.
Subscription numbers as of 5:00 PM on October 08, 2025:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 949.25 | 3244.78 | 3.42x |
| NII | 711.94 | 1410.63 | 1.98x |
| Retail | 1661.18 | 1829.12 | 1.1x |
| Employees | 12.00 | 35.07 | 2.92x |
| Total | 3334.37 | 6519.60 | 1.96x |