Tata Capital files DRHP for IPO

Tata Capital filed an updated DRHP with SEBI for an IPO comprising up to 47.58 crore equity shares. The IPO includes a fresh issue of up to 21 crore shares and an offer for sale of up to 26.58 crore shares by existing shareholders.

Tata Capital operates as a diversified NBFC offering commercial finance, consumer loans, wealth management, and Tata Cards across 900 branches in India. The company has expanded its business through consistent capital backing from Tata Sons, receiving ₹6,000 crore over the past six years including ₹2,000 crore in FY24.

The company is backed by global investors like Tata Sons and International Finance Corporation. Currently, the company serves over 5.2 million customers with Tata Sons holding 92.83% stake as of March 31, 2024.