IPO: Tata Capital aims to raise ₹15,512cr
Tata Capital, the financial services arm of Tata Group, kicked off its IPO today aiming to raise ₹15,512 crore.
Shares are priced at ₹326, and subscriptions close Wednesday.
Third-largest NBFC in India
Tata Capital is now India's third-largest NBFC (non-banking financial company).
It manages a hefty loan book of ₹233 lakh crore and offers over 25 lending products for retail customers and businesses—retail and SME loans make up almost 88% of its portfolio.
Strong growth potential, but high valuations are a concern
Tata Capital stands out for its solid asset quality (just 2.1% bad loans) and AAA credit ratings from major agencies.
Its loan book grew at a rapid 37% CAGR over the last two years.
Most brokers recommend subscribing thanks to strong growth potential, but some warn about high valuations and risks tied to unsecured loans.
The funds raised will help boost the company's capital for future expansion.