Tata Capital to launch $ 2 BN IPO at the end of September, look $ 11 billion rating

Tata Capital is planning to pick up $ 2 billion (RS 17,200 crore) via a first public offer (IPO) in the week of September 22, aimed at a rating of around $ 11 billion, according to a report on Sunday. The non-bank financial enterprise is expected to be stated on 30 September.

PTI reported that the IPO 47.58 CRORE shares will include, including a new edition of 21 crore shares shares and an offer for sale of 26.58 crore shares. Tata Sons will sell 23 Crore shares, while International Finance Corporation (IFC) will unload 3.58 Crore. Tata Sons currently owns 88.6% of Tata capital and IFC has 1.8%.

The proceeds from stock sales will strengthen the Tier-1 Capital Base of the company and support future credit needs, PTI said. If completed, the deal would be the largest public issue in the financial sector of India and the second list of the Tata Group in recent years, after the debut of Tata Technologies in November 2023.

The IPO also comes in accordance with a mandate from Reserve Bank or India that non-banking lenders should become in the higher layer to become public within three years of classification. Tata Capital received the designation in September 2022.

The gross loans from Tata Capital were on RS 2.26 Lakh Crore from March 2025, which reflects a 37% compound annual growth rate (CAGR) between FY23 and FY25. The profit after the tax rose to RS 3,646.6 Crore in FY25, against RS 3,029.2 Crore in FY23. The quality of the assets remained stable, with gross bad loans at 1.9% and net bad loans with 0.8%.

The company booked a net profit of RS 1,041 Crore in the quarter of FY26 in June, more than double the annual exercise. The total income climbed to RS 7,692 Crore from RS 6,557 Crore. Tata Capital, founded in 2007, has served more than seven million customers. It also distributes insurance and credit cards, manages welfare services and sponsors private equity funds. The share is currently trading around RS 795 in the non -recorded market, a decrease in RS 865 a month ago and 27.4% below the peak of October 2024 of RS 1,095, according to Unlistedzone.

A wide syndicate of benches manages the issue, including Axis Capital, Kotak Mahindra Capital, BNP Paribas, HDFC Bank, HSBC Securities and Capital Markets (India), Citigroup Global Markets India, Icici Securities, IIFL CAPITAL SERVICES.