Tata Capital IPO — All You Need to Know

Tata Capital, the financial services arm of the Tata Group, is all set for one of India’s biggest NBFC listings. The IPO will open on 6th October 2025 and close on 8th October 2025, with a price band of ₹310–₹326 per share. Listing is expected around 13th October 2025. Why This IPO Matters: • Mandatory Listing: RBI had classified Tata Capital as an “upper-layer” NBFC, requiring it to list within 3 years. • Strong Parentage: Backed by Tata Sons, the company enjoys exceptional credibility and access to low-cost funds. • Robust Growth: Tata Capital’s loan book has grown steadily across retail, housing, and infrastructure segments. • Anchor Confidence: The IPO has already raised over ₹4,600 crore from anchor investors like LIC, showing strong institutional trust. • Fund Utilisation: The fresh issue will boost Tier-1 capital adequacy and support future lending expansion. Peer Comparison — Bajaj Finance

: Tata Capital’s closest listed peer is Bajaj Finance, the benchmark for NBFC profitability and asset quality. While Bajaj Finance enjoys long-term market leadership, Tata Capital’s diversified book, brand power, and tech integration position it as a strong emerging competitor in retail lending. Opportunities: Expanding retail & SME lending portfolio Strong cross-selling through Tata ecosystem Growing financial inclusion and credit demand in India Risks: Competitive pressure from Bajaj Finance and HDFC Ltd Sensitive to credit quality cycles and interest rate changes Overvaluation risk if priced aggressively Investor Takeaway: Tata Capital’s IPO represents a rare chance to invest in a trusted NBFC with a solid growth runway and Tata legacy. Its scale, brand recall, and diversification make it a key financial player to watch post-listing.