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Tata Capital IPO Day 1: Tata Capital's much-awaited Rs 15,512 crore IPO, 1 of the biggest nationalist offerings of 2025, opened for subscription connected Monday, October 6 and volition adjacent connected Wednesday, October 8.The terms set has been acceptable astatine Rs 310–Rs 326 per share, with a batch size of 46 shares (minimum concern of Rs 14,996 astatine the precocious end). The IPO volition database connected some BSE and NSE, with the apt allotment day connected October 9 and listing connected October 13.Within the archetypal hr of bidding, the IPO was subscribed 15%, indicating beardown aboriginal interest. Ahead of the opening, the grey marketplace premium (GMP) remained humble astatine astir 3% implicit the contented price, ET reported.The contented includes a caller contented of Rs 6,846 crore and an connection for merchantability (OFS) worthy Rs 8,666 crore by promoter Tata Sons, which presently owns 95.6% of the NBFC.The IPO volition comprise up to 47.58 crore shares, including a caller contented of 21 crore shares and an offer-for-sale (OFS) of 26.58 crore shares resulting successful an 11% dilution. Tata Sons, the promoter, volition merchantability up to 23 crore shares, portion International Finance Corporation volition offload up to 3.58 crore shares.Of the full shares connected offer, 21 crore volition beryllium recently issued by Tata Capital nether the caller issue. The superior raised from this constituent volition travel straight to the institution to enactment firm purposes, including augmenting its Tier-I superior base.
The remaining 26.58 crore shares volition beryllium offered done the OFS, with proceeds going to the selling shareholders—primarily Tata Sons and IFC—rather than to the company.
Should you use for the Rs 15,512-cr offer?
Anand Rathi Share & Stock Brokers has fixed the IPO a 'Subscribe' rating, highlighting beardown loan-book growth, unchangeable margins, and debased recognition costs. The brokerage told ET that the contented is attractively priced compared to peers and expects a steadfast marketplace debut with coagulated semipermanent maturation potential.Prashanth Tapse, Senior VP astatine Mehta Equities, noted that the pricing leaves capable headroom for semipermanent investors. "Considering marketplace sentiment, Tata Capital’s absorption has sensibly priced the IPO somewhat beneath the manufacture average, leaving decent headroom for a steadfast listing pop," Tapse told the outlet.Tata Capital has shown beardown fiscal performance, with FY25 nett aft taxation rising to Rs 3,655 crore from Rs 3,327 crore successful FY24 and gross climbing to Rs 28,313 crore from Rs 18,175 crore a twelvemonth earlier.As of June 2025, Tata Capital had full assets of Rs 2.52 lakh crore and gross loans of Rs 2.33 lakh crore, making it the third-largest diversified NBFC successful India, aft Bajaj Finance and Shriram Finance.With its beardown equilibrium sheet, diversified indebtedness portfolio, and marque trust, Tata Capital’s IPO is being intimately watched to spot if it tin replicate the occurrence of Tata Technologies’ blockbuster debut past year.(Disclaimer: Recommendations and views connected the banal marketplace and different plus classes fixed by experts are their own. These opinions bash not correspond the views of The Times of India)
