Tata Capital shares worth ₹2,573 crore to free up for trade as lock-in ends

Shares of Tata Capital Ltd. are expected to be in focus on Wednesday, January 7, as the non-banking financial services arm of the Tata Group sees the end of its three-month shareholder lock in period.

Tata Capital

was the largest IPO of 2025.

According to brokerage firm Nuvama Alternative and Quantitative Research, around 71.2 million shares, or about 2% of the company's outstanding equity, will become eligible for trading following the expiry of the lock in today.

The release of shares from lock in does not necessarily imply immediate selling in the open market, but only makes these shares available for trading.

Tata Capital's stock has shown signs of renewed momentum in recent weeks. After trading in a tight range for most of the past three months, the shares have moved above their issue price over the last fortnight, including a rise of more than 6% last Friday.

At Tuesday's closing price, the shares coming out of lock in are valued at nearly ₹2,573 crore.

The stock is now up 11% from its issue price of ₹326.

Analyst sentiment remains positive, with all seven analysts tracking the company maintaining a 'Buy' rating and price targets going as high as ₹410 per share.

Tata Capital's ₹15,000 crore plus IPO was fully subscribed by the end of the bidding period. The stock made its debut close to the issue price and largely remained range bound in the weeks that followed.

Shares of Tata Capital ended 0.49% higher on Tuesday at ₹361.35.