Tata Capital IPO opens today: Should you subscribe?
Tata Capital just wrapped up one of India's largest IPOs of 2025, raising ₹15,512 crore.
Shares were offered at ₹310-326 each from October 6-8, with most of the offer-for-sale shares sold by Tata Sons.
Despite the hype, demand was moderate—the IPO was subscribed only 1.96 times and gray market gains look limited.
NBFC is a major player in the lending space
Tata Capital is a major NBFC under the Tata Group, offering loans and investment products to over 73 lakh customers across India.
With more than 1,500 branches, it's known for solid asset quality—80% of loans are secured and its gross NPA ratio is 2.1%.
Revenue and profits have risen steadily
The company's revenue jumped 56% in the last two years to ₹28,370 crore, with profits also rising steadily.
Institutional investors showed the most interest in the IPO while retail response stayed muted—so if you're tracking new listings or thinking about investing, keep an eye on how things play out post-listing.