Tata Capital, the Tata Group's non-banking financial arm, is planning to launch its highly anticipated $2 billion IPO by the end of September, meeting the Reserve Bank of India's mandatory listing deadline. The company is currently conducting investor roadshows to generate interest.
The issuance will include 210 million new shares and 266 million shares offered for sale by existing shareholders. Tata Sons, which owns an 88.6% stake in Tata Capital, will sell approximately 230 million shares, while the International Finance Corporation (IFC) will sell 35.8 million shares. IFC currently owns 1.8% of the company.
Key Highlights
- Tata Capital readies approximately ₹17,200 crore ($2 billion) IPO before RBI’s September 2025 listing mandate.
- Tata Sons, along with IFC, will offload shares; IPO follows strong financial growth and merger consolidation.
Tata Capital filed updated draft papers for the IPO earlier this month, detailing a public offering of up to 47.58 crore equity shares—a mix of 21 crore new issuance and an OFS of 26.58 crore shares, according to its updated Draft Red Herring Prospectus (DRHP).
If successful, the IPO will be the largest public offering in India's financial sector and the second Tata Group listing in recent years, following Tata Technologies' successful market debut in November 2023.
Also Read: Tata Capital Board Approves IPO Plans, Bringing it Closer to its D-Street Debut
Tata Capital has demonstrated strong financial performance. In Q1 FY2026, the company's consolidated net profit more than doubled year on year to Rs 1,040.93 crore, up from Rs 472.21 crore in the same quarter last year. Total income increased to Rs 7,691.65 crore, up from Rs 6,557.40 crore in Q1 FY2025.
