Tata Capital, a financial services company supported by Tata Sons, has submitted IPO (Initial Public Offering) documentation.
Tata Sons, the financial arm of the conglomerate, has announced plans for an Initial Public Offering (IPO) valued at around $2 billion (approximately Rs 17,200 crore). This move is expected to value Tata Capital, a leading financial services company, at roughly $11 billion.
The IPO will consist of a fresh issue of 21 crore equity shares and an offer for sale (OFS) of 26.58 crore shares. Within the OFS, Tata Sons plans to sell 23 crore shares, while the International Finance Corporation (IFC) intends to sell 3.58 crore shares.
The proceeds from the fresh issue will primarily be used to augment Tata Capital's Tier-1 capital base to support future capital needs, including onward lending, as well as to cover some offer expenses.
Currently, Tata Sons holds an 88.6% stake in Tata Capital, with IFC holding around 1.8%. Tata Capital had earlier filed draft papers confidentially in April 2025 and received SEBI approval by July 2025.
The specific exchange or location for the IPO has not been disclosed yet. The lead managers (book running lead managers) appointed for the IPO are Kotak Mahindra Capital Co., Axis Capital Ltd., BNP Paribas, Citigroup Global Markets India Pvt., and HDFC Bank Ltd. No pre-IPO placement is planned ahead of the debut.
Tata Capital recently initiated its IPO roadshow as part of the marketing process prior to the final pricing and launch. This IPO is among the largest in the Indian financial services sector and follows Tata Technologies' public listing in November 2023.
Investors are eagerly anticipating the prospect of investing in the IPO of Tata Capital, a leading financial services company, as part of Tata Sons' plans for an Initial Public Offering (IPO) valued at around $2 billion. The proceeds from the fresh issue will be utilized to bolster Tata Capital's business operations, including future lending needs.
%20documentation.){kind=link}