IPO Details
Bidding Dates
To be announced
Minimum Investment
To be announced
Price Range
To be announced
Maximum Investment
To be announced
Retail Discount
To be announced
Issue Size
To be announced
Investor category and sub category
To be announced
About Tata Capital IPO
Tata Capital Limited, the financial services arm of the Tata Group, has announced plans to go public with an initial public offering (IPO) estimated at approximately $2 billion (₹18,000 crore). The company’s board recently approved the IPO, which will include a fresh issue of up to 230 million shares along with an offer for sale by existing shareholders. The listing is subject to market conditions and necessary regulatory approvals.
Tata Sons, which currently holds a 93% stake in Tata Capital, is set to dilute a portion of its holding through this offering. The IPO will issue equity shares with a face value of ₹10 each, giving investors an opportunity to own a stake in one of India’s leading non-banking financial companies (NBFCs). Additionally, the board has also approved a rights issue worth ₹1,504 crore.
The company has appointed Kotak Mahindra Bank as the lead investment banker to manage the IPO process. Tata Capital’s public listing marks a significant milestone in its growth journey, reflecting its strong financial performance and market confidence. Investors will be keenly watching developments as the company moves closer to its stock market debut.
Industry Outlook
- NBFC credit is projected to grow at a CAGR of 15-17% between Fiscal 2024 and 2027, driven by rising demand in the retail and MSME segments.
- The share of NBFC credit in systemic credit reached 21% in Fiscal 2024, highlighting the sector’s expanding role in India's financial ecosystem.
- With banks focusing more on wholesale and corporate lending, NBFCs have capitalised on the retail segment, fostering greater financial inclusion by catering to underserved and riskier customer profiles.
Objectives of Tata Capital IPO
- The funds will be utilised to expand Tata Capital’s lending portfolio and strengthen its market presence across financial services.
- The funds will be utilised to improve capital adequacy, ensuring sustainable growth and regulatory compliance.
- The funds will be utilised for strategic investments, digital transformation, and scaling operations to enhance service offerings.
About Tata Capital Limited
Tata Capital Limited, a subsidiary of Tata Sons, operates as a non-banking financial company (NBFC-ICC) and is in the process of obtaining the necessary license from the Reserve Bank of India. Known for its customer-centric approach, Tata Capital serves as a trusted one-stop financial solutions provider, offering a wide range of financial products and services.
Catering to retail, corporate, and institutional clients, Tata Capital’s diverse offerings include personal loans, home loans, business loans, consumer loans, cleantech finance, institutional distribution, private equity, loans against property, wealth product distribution, commercial and SME finance, leasing solutions, and Tata Cards.
Its subsidiaries further strengthen its service portfolio. Tata Capital Housing Finance Limited (TCHFL) specialises in home loans, including affordable housing finance and loans against property. Tata Securities Limited manages institutional distribution and actively trades in the Bombay Stock Exchange (BSE) across cash and derivatives markets. Additionally, Tata Cards, issued and operated by SBI Cards and Payments Services Private Limited, are marketed by Tata Capital Limited. With its extensive financial solutions and strong market presence, Tata Capital continues to address the evolving needs of individuals and businesses.
How To Check the Allotment Status of Tata Capital IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
How To Apply for the Tata Capital IPO Online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the Tata Capital IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
Financial Performance of Tata Capital Limited
| Particulars | Year ending on March 31, 2024 | Year ending on March 31, 2024 |
|---|---|---|
| Revenue from Operations (₹ in crore) | 18,174.28 | 13,628.58 |
| Total Income (₹ in crore) | 18,198.38 | 13,637.49 |
| Expenses (₹ in crore) | 9,568.23 | 9,847.63 |
| Profit After Tax (₹ in crore) | 3,326.96 | 2,945.77 |
| Total Assets (₹ in crore) | 1,76,693.98 | 1,35,626.10 |
| Loans (₹ in crore) | 1,57,760.55 | 1,16,788.79 |
Know before investing
Strengths
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Tata Capital is well-positioned to benefit from India's robust financial services expansion, with retail credit expected to grow at a 13-15% CAGR through Fiscal 2027.
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The company stands to gain from the 15-17% CAGR growth in the NBFC sector, driven by rising demand for retail and MSME loans.
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With government initiatives like Udyam Assist and PM Vishwakarma promoting credit access, Tata Capital can capitalise on the expanding MSME segment.
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The company’s wide range of financial solutions across retail, SME, and corporate segments enhances its market reach and revenue potential.
Risks
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Exposure to economic fluctuations, interest rate changes, and inflation may impact borrower repayment capacity and overall financial performance.
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Rising borrower defaults and payment delays could increase non-performing assets, affecting profitability and operational stability.
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Changes in financial regulations, provisioning norms, or compliance requirements could impact business operations and capital adequacy.
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A drop in asset values may reduce loan recovery rates, posing risks to financial stability and lending operations.
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Tata Capital IPO FAQs
Tata Capital Limited, the financial services arm of the Tata Group, has announced plans to go public with an initial public offering (IPO) estimated at approximately $2 billion (₹18,000 crore).
The exact date of the Basis of Allotment is not announced yet.
The opening date of the IPO subscription window is not announced yet.
The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is yet to be announced.
The listing date for Tata Capital Limited has not been announced yet.
The issue size of the Tata Capital IPO is not announced yet.
The open and close dates for Tata Capital IPO are not announced yet.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.
- Multiple Submissions: Use different Demat accounts to make multiple applications.
- Higher Price Band Bidding: Opt for bidding at the cut-off price or higher price band.
- Timely Subscription: Ensure you subscribe to the IPO within the specified time frame.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
To read Tata Capital Limited’s financial statements, download the IPO’s RHP document.
Pre-apply allows investors to apply for the Tata Capital IPO two days before the subscription period opens, ensuring an early submission of your application.
Your order will be placed when the IPO opens for bidding, and a UPI request will follow within 24 hours.
You will receive a notification once your order is successfully placed with the exchange after the bidding starts.
The Tata Group has selected Kotak Mahindra Capital as the investment bank to oversee the Tata Capital IPO, with more book runners and the registrar likely to be added later in the process.
The listing platform for the Tata Capital IPO is not announced yet.
