Tata Capital IPO: Snapshot, Timeline, Fundamentals, Valuation, SWOT & GMP

Tata Capital - Tata Group’s flagship NBFC - launches 2025’s biggest IPO. Proceeds mix fresh capital for expansion and an OFS by existing shareholders. With a ₹310–₹326 band, the offer gauges demand for quality lenders at premium multiples. Here’s a simple, table-first overview.

IPO Snapshot

IPO Timeline

What is Tata Capital & What it does

Tata Capital is a systemically important NBFC within the Tata Group. It offers retail, SME and corporate lending - home loans, loans against property, personal and vehicle loans, business and education loans, microfinance, and equipment finance/leasing. It also distributes third-party products such as insurance and wealth solutions. Recent disclosures highlight strong growth, RoE above 20% in recent periods, and low reported GNPA levels (around ~1%).

Tata Capital operates through key subsidiaries such as:

• Tata Capital Financial Services
• Tata Capital Housing Finance
• Tata Cleantech Capital

Business Verticals

• Retail Finance (home, consumer & vehicle, microfinance)
• SME & Business Loans
• Corporate/Infrastructure & Equipment Finance / Leasing
• Distribution (insurance and wealth products)

Key Fundamentals (Consolidated)

All figures ₹ crore; FY ends March 31. Compiled from RHP-backed summaries.

One-line read: FY25 shows ~56% YoY rise in total income to ₹28,370 crore and PAT of ₹3,655 crore, with Net Worth at ~₹32,588 crore - indicating scale with steady profitability heading into the IPO.

Key Performance Indicators

KPI as of Mon, Mar 31, 2025.

Comparison with peers

SWOT Analysis

Use of proceeds (Fresh issue)

Purpose: To augment Tier-1 capital to support future growth and maintain capital adequacy. (This IPO’s fresh issue is not ₹472 crore; that figure belonged to a different IPO.)

GMP watch

Recent grey-market chatter indicates a premium in the range of ₹8–₹10 (about 3-4% on the band). Treat this only as sentiment - GMP is unofficial, volatile, and not predictive of listing outcome.

Final Verdict

Tata Capital brings scale, a diversified loan book, and improving asset quality - backed by Tata Group credibility. The trade-off is a premium valuation for an NBFC, which assumes steady growth, benign credit costs, and disciplined funding in a rate-sensitive cycle. If you track it, focus on RoE sustainability, GNPA/NNPA trend, and spread resilience post capital raise.

FAQs

1. What are the IPO dates and price band?

Anchor: Oct 3, 2025; Bidding: Oct 6–8, 2025; Price band: ₹310–₹326 per share.

2. What is the lot size and minimum investment?

Lot size is 46 shares; minimum outlay is ₹14,260 at ₹310 and ₹14,996 at ₹326.

3. How big is the issue and what’s the split?

Fresh up to 21.00 crore shares; OFS up to 26.582 crore shares (Tata Sons and IFC). Approximate rupee size is ~₹15,512 crore at the band.

4. Where can I read the official documents?

Refer to the RHP on SEBI/stock exchange websites and the official price-band advertisement hosted by the issuer/BRLMs.

5. What’s the stated use of proceeds?

To augment Tier-1 capital for growth and capital adequacy.

Disclaimer: This is not investment advice or a recommendation to buy or sell any security. Always read the RHP/Prospectus and consult a licensed adviser before investing.