Tata Capital IPO: Largest issue of 2025 fixes price band; Check details here

Tata Capital Ltd., the Tata Group NBFC, which will be the largest IPO of 2025 so far, has announced the price band for its ₹15,000 crore-plus IPO, that opens for subscription on Monday, October 6.

Tata Capital has fixed the price band of its IPO to be between ₹310 to ₹326 per share.

The largest IPO of 2025 so far, will comprise of a fresh issue of up to 21 crore equity shares which carry a face value of ₹10 each, while the rest will be an Offer For Sale (OFS) component of 26.58 crore equity shares, where promoter Tata Sons, and International Finance Corporation will be selling shares.

Investors can invest in a minimum bid lot of 46 shares, which will entail an investment of ₹14,996 per lot, and in multiples of 46 thereof.

At the upper end of the price band, the issue will be worth ₹15,512 crore, which will not only be the biggest IPO of 2025, but also among the largest in India, following Hyundai Motor India, LIC, and One97 Communications, the parent company of payments aggregator Paytm.

50% of the total number of shares on offer are reserved for Qualified Institutional Bidders (QIB), while 15% is for Non-Institutional Investors. The remaining 35% is earmarked for retail investors.

At the upper end of the price band, Tata Capital will have a post-issue market capitalisation of ₹1.38 lakh crore.

Bidding for the issue will close on Wednesday, October 8.

Axis Capital, Kotak Mahindra Capital, BNP Paribas, Citigroup, HDFC Bank, HSBC Securities and Capital Markets, ICICI Securities, IIFL Capital Services, JPMorgan and SBI Capital Markets are the book-running lead managers for the IPO.

The allotment of shares will take place on October 9, 2025, while the listing of the stock will take place on October 13.

Tata Capital will be the first Tata Group IPO in nearly two years, after Tata Technologies had hit the bourses in November 2023.