MOHAMMAD ZIYAUDDIN
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New Delhi: Tata Capital has received board approval for its highly anticipated initial public offering (IPO), marking a major milestone for the Tata Group’s financial services arm. Following the announcement, shares of Tata Investment Corporation and other Tata Group companies—including Tata Chemicals, Tata Motors, Tata Power, and Tata Consumer Products—saw a positive reaction in the market.
Tata Capital IPO: Key Details
New Share Issue: 23 crore new shares will be issued.
Offer-for-Sale (OFS): Some existing shareholders may offload their stakes.
Listing Deadline: Tata Capital was expected to list by September 2025, as per RBI's "upper layer" NBFC norms.
Tata Capital was classified as an "upper-layer" non-banking financial company (NBFC) in September 2022, meaning it must go public within three years.
If launched, this will be the first Tata Group IPO since Tata Technologies' public offer in November 2023.
Tata Capital’s Growth & Market Position
Founded in: 2007
Core Business: Lending, leasing, financing, factoring, and distributing financial products.
Ownership: Tata Sons holds a 92.8% stake in Tata Capital (as of March 2024).
NBFC Classification: Operates as a Non-Banking Financial Company – Investment and Credit Company (NBFC-ICC).
In 2024, the Competition Commission of India (CCI) approved the merger of Tata Motors Finance Ltd into Tata Capital Ltd, strengthening its market position.
What’s Next?
Tata Capital has not yet shared an official confirmation on the IPO date and pricing.
If listed, this could be one of the biggest IPOs in India’s financial sector.
Market experts believe the IPO will attract strong investor interest, given the Tata Group’s reputation.
