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Tata Capital IPO
Price Band
₹310.0–326.0
Issue Size
₹15511.87 Cr
Lot Size
46 shares
Min Investment
₹14,996
GMP
—
Issue Price
₹326.0
Tata Capital IPO AI Summary
- Tata Capital IPO is listed on BSE, NSE in the Non Banking Financial Company (NBFC) sector.
- Price band: ₹310.0–₹326.0 per share, lot size 46 shares (min. investment ₹14,996).
- Subscription window: 06 Oct–08 Oct 2025, listing on 13 Oct 2025.
Tata Capital Limited is a major player in the NBFC sector, offering a diverse range of financial services. With a strong backing from the Tata group and a robust distribution network, it aims to capitalize on growth opportunities in the financial market.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Tata Capital IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 08 Oct 2025 — not a current signal.
Reviewers are split — see individual calls below.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Tata Capital IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
About the Company
Tata Capital Limited (TCL) is a diversified financial services company and a subsidiary of Tata Sons Private Limited. TCL operates as a non-banking financial company (NBFC) in India, offering a wide range of financial products and services to retail, corporate, and institutional customers. Key Offerings: Consumer Loans: Personal loans, home loans, auto loans, education loans, and loans against property. Commercial Finance: Term loans, working capital loans, equipment financing, and lease rental discounting for businesses. Wealth Management: Services including portfolio management, investment advisory, and distribution of financial products. Investment Banking: Equity capital markets, mergers and acquisitions advisory, and structured finance solutions. Private Equity: Managing funds that invest in companies with significant growth potential. Cleantech Finance: Financing and advisory services for projects in renewable energy, energy efficiency, waste management, and water management. As of March 31, 2025, it has a comprehensive suite of 25+ lending products, catering to a diverse customer base including salaried and self-employed individuals, entrepreneurs, small businesses, small and medium enterprises and corporates. As of June 30, 2025, it has an extensive PAN-India distribution network comprising 1,516 branches spanning 1,109 locations across 27 States and Union Territories. In addition to the lending business, it also operates in non-lending segments like distribution of third-party products like insurance, credit cards, wealth management services to HNIs and retail clients, and the Private equity business. Competitive strengths Flagship financial services company of the Tata group Third largest diversified NBFC in India, with the most comprehensive lending product suite Omni-channel distribution model, comprising our pan-India branch network, partnerships and digital platforms Prudent risk culture and robust credit underwriting and collections capabilities Digital and analytics at the core of our business Highest credit rating with a diverse liability profile Consistent track record of strong financial performance Experienced management backed by a team of dedicated professionals
Company Financials (₹ Cr)
As of 2025-06-30
| Period Ended | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 2,52,254.28 | 2,48,465.01 | 1,76,693.98 | 1,35,626.10 |
| Total Income | 7,691.65 | 28,369.87 | 18,198.38 | 13,637.49 |
| Profit After Tax | 1,040.93 | 3,655.02 | 3,326.96 | 2,945.77 |
| EBITDA | 5,565.86 | 20,338.22 | 14,247.76 | 10,763.22 |
| NET Worth | 32,761.73 | 32,587.82 | 23,540.19 | 17,959.06 |
| Reserves and Surplus | 29,260.88 | 24,299.36 | 18,121.83 | 11,899.32 |
| Total Borrowing | 2,11,851.60 | 2,08,414.93 | 1,48,185.29 | 1,13,335.91 |
Key Ratios
EPS
₹9.06
NAV
₹79.50
ROE
12.6%
RoNW
11.2%
P/B Value
4.10
P/E Ratio
35.99
Market Cap
₹138382.73 Cr
Debt/Equity
6.60
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| HDB Financial Services Ltd | 198.8 | 14.57% | 28.1 | 27.4 | 27.3 |
| Sundaram Finance Limited | 1187.8 | 13.74% | 26.9 | 170.53 | 170.53 |
| L&t Finance Limited | 102.5 | 10.34% | 23.1 | 10.61 | 10.57 |
| Cholamandalam Investment and Finance Co. | 281.5 | 18.01% | 31.5 | 50.72 | 50.6 |
| Shriram Finance | 300.3 | 16.83% | 12.1 | 50.82 | 50.75 |
| Bajaj Finance | 155.6 | 17.35% | 37.8 | 26.89 | 26.82 |
| Tata Capital This IPO | 79.5 | 11.2% | — | 9.3 | 9.3 |
Promoters
Tata Sons Pvt.Ltd.
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Augmentation of the Companys Tier-Icapital base to meet the Companys future capital requirements including onward lending 6,696.60 2 Issue Expenses 326.20 Total 7,022.80
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹13,637.49 Cr in the year ending 31 Mar 2023, rising to ₹18,198.38 Cr by 31 Mar 2024, then increasing further to ₹28,369.87 Cr in the year ending 31 Mar 2025. However, the latest figure of ₹7,691.65 Cr as of 30 Jun 2025 is a 9-month figure and not directly comparable to the full-year figures.
Profit Trend
Profit after tax was ₹2,945.77 Cr in the year ending 31 Mar 2023, increasing to ₹3,326.96 Cr by 31 Mar 2024, and further to ₹3,655.02 Cr in the year ending 31 Mar 2025. The latest profit figure of ₹1,040.93 Cr as of 30 Jun 2025 is also a 9-month figure, making it not directly comparable to the full-year figures.
Valuation
Tata Capital's implied P/E ratio at the issue price of ₹326.0 is approximately 35.99, compared to peers trading at a P/E range of 12.1 to 37.8.
Grey Market Premium, Explained
The grey market refers to the unofficial trading of shares before they are listed on the stock exchange. The Grey Market Premium (GMP) indicates the price at which shares are expected to list compared to the issue price. A positive GMP suggests strong demand, while a negative GMP indicates weak demand.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their financial goals and risk tolerance. It's important to consider the company's fundamentals and market conditions before making a decision.
Who May Want to Wait
Investors who prefer stable returns and are risk-averse may want to avoid IPOs like this, which can be subject to market fluctuations and uncertainties.
IPO Timeline, Explained
The IPO opens for subscription on 6 October 2025 and closes on 8 October 2025. Allotment of shares will be done on 9 October 2025, with the listing date set for 13 October 2025.
Listing Gains — The Risk
Listing-day gains can be unpredictable and depend on various factors, including market sentiment and demand for the stock. Investors should be aware that while some IPOs may list at a premium, others may not, and there is always a risk of loss.
This evaluation is generated from Tata Capital's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is the price band of Tata Capital IPO?
The price band of Tata Capital IPO is ₹310.0–₹326.0 per share.
When does Tata Capital IPO open and close?
Tata Capital IPO opens on 06 October 2025 and closes on 08 October 2025.
When does Tata Capital IPO list on the stock exchange?
Tata Capital IPO listed on 13 October 2025 at ₹326.0.
What is the lot size for Tata Capital IPO?
The lot size for Tata Capital IPO is 46 shares, requiring a minimum investment of ₹14,996.
What is the lot size for the Tata Capital IPO?
The lot size for the Tata Capital IPO is 46 shares.
What is the minimum investment required?
The minimum investment required is ₹14,996.00.
What is the price band for the IPO?
The price band for the IPO is ₹310.0 to ₹326.0.
When is the listing date for Tata Capital?
The listing date for Tata Capital is 13 October 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the shares compared to the issue price.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
06 Oct 2025
Close
08 Oct 2025
Allotment
09 Oct 2025
Listing
13 Oct 2025
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