Tata Capital IPO: GMP, Price Band, Important Dates and More...
- Krishna Priya
- Oct 3
- 2 min read
The company has set a price band of ₹310 to ₹326 per equity share, with a lot size of 46 shares, translating to a minimum investment of ₹15,000 approximately for retail investors.
IPO Snapshots
Particulars | Details |
Total Issue Size | ₹15,511.87 Cr |
Fresh Issue | ₹6,846.00 Cr |
Offer for Sale | ₹8,665.87 Cr |
Face Value | ₹10 per share |
Price Band | ₹310 to ₹326 |
Lot Size | 46 shares |
Minimum Investment | ₹14,996 |
Listing | BSE, NSE |
IPO Open date | October 6, 2025 |
IPO Close date | October 8, 2025 |
About Tata Capital
Tata Capital Limited (TCL), a subsidiary of Tata Sons Private Limited, is a diversified NBFC in India offering financial services across consumer loans, commercial finance, wealth management, investment banking, private equity, and cleantech finance. As of June 30, 2025, it spans 1,516 branches in 1,109 locations across 27 states and union territories, catering to a diverse client base including retail customers, corporates, and institutions.
Financial Performance (₹ in Cr)
Period Ended | Revenue from Operations | Profit After Tax (PAT) |
March 31, 2025 | 28,312.74 | 3,655.02 |
March 31, 2024 | 18,174.82 | 3,326.96 |
March 31, 2023 | 13,628.85 | 2,945.77 |
GMP (Grey Market Premium)
As of October 3, 2025, the Tata Capital IPO has a GMP of ₹20. With the price band at ₹326, the estimated listing price is ₹346, indicating a potential listing gain of approximately 6.13%.
Peer Comparison
Company Name | CMP (₹) | Mar Cap (₹ Cr) | P/E | Sales (₹ Cr) | OPM % | PAT 12M (₹ Cr) |
Tata Capital IPO | - | - | - | 28,399 | - | 12,635.4 |
Bajaj Finserv | 1,984.9 | 3,17,149.96 | 33.32 | 1,37,779.9 | 37.52 | 18,677.53 |
HDB Finserv | 759.1 | 62,972.47 | 28.91 | 16,300.28 | 58.62 | 2,175.92 |
L&T Finance Ltd | 260.45 | 65,109.12 | 24.51 | 16,399.41 | 60.54 | 2,659.01 |
Cholaman.Inv.&Fn | 1,565.1 | 1,31,687.35 | 29.51 | 27,300.47 | 69.85 | 4,453.38 |
Shriram Finance | 640.85 | 1,20,544.40 | 14.12 | 43,778.40 | 72.08 | 9,705.07 |
Sundaram Finance | 4,409.4 | 48,990.09 | 25.52 | 8,882.96 | 79.46 | 1,919.81 |
Use of Proceeds
The proceeds from the fresh issue will be primarily used to augment Tata Capital's Tier-I capital base, aimed at meeting future capital requirements and supporting onward lending. This strengthens the company's financial health and regulatory compliance while enabling growth across lending segments.
Strengths | Weaknesses |
Trusted Tata brand and parentage (subsidiary of Tata Sons) | Rising cost of borrowing (7.8% in FY25 vs 6.6% in FY23) |
Third-largest diversified NBFC in India by total gross loans | Declining provision coverage ratio (58.5% in FY25 vs 77.1% in FY23) |
Pan-India presence: 1,516 branches across 1,109 locations | 20% of total loans is unsecured |
AAA credit rating from all major domestic agencies | Asset quality concerns: Gross NPAs rising to 1.9% in FY25 |
Opportunities | Threats |
Growing credit demand in Tier 2 and Tier 3 cities | RBI regulatory requirements as upper-layer NBFC |
Digital platform expansion and cross-selling opportunities | Intense competition from banks, NBFCs and fintechs |
India's expanding retail and SME credit market | Interest rate volatility affecting margins |
Cleantech finance and sustainable lending growth | Economic downturns impacting loan defaults |
Disclaimer: This content is for educational purposes only; please conduct personal research and consult a qualified investment advisor before making any investment decisions.
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