The financial service provider will issue up to 210 million new shares, while existing shareholders led by Tata Sons and also including World Bank Arm International Finance Corp (IFC) will discharge to RS 265.8 million shares, said the Red Herring Prospection Prospection concept by the company.
Of the shares offered for sale, Tata Sons, the majority shareholder with an interest of 88.6% will sell 230 million shares, while IFC will sell 35.82 million shares from its 71.64 million shares or about half of the 1.80% that it has in the company.
The total stock of the company is on more than 4 billion shares, which means that the issue of Equity dilution thinning of new shares would be less than 1%.
The IPO from Tata Capital will be one of the largest ever in the financial sector that concepts to RS 17,200 Crore. Tata Sons and other group company own more than 95% share interest in the company. The company had applied for a confidential DRHP on April 5.
In his DRHP, the company said it will use the proceeds of the new issue of shares to increase its capital basis for future requirements, including loans, further, part of the proceeds of the new issue will be used for the meeting offers costs. The IPO was necessary because NBFC Regulator Reserve Bank of India Rules states that NBFCs of the top layer such as Tata Capital and are obliged to mention by September 2025. The company had submitted the DRHP in April via the confidential route that was approved in April in June.
“Unless the regulator has some specific comments, it is fair to assume that the IPO is ready to go within three weeks, because all other regulatory doubts have already erased,” said a person who is familiar with the details.
The company had made a net profit of RS 3665 Crore in the year ending on March 2025 with 16% of RS 3150 Crore reported a year ago. At the end of March 2025, the company had an RS 2.20 Lakh Crore loan.
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