Tata Capital has submitted a confidential pre-filing application to SEBI for an initial public offering (IPO) valued at over ₹15,000 crore.
Both a new share issuance and an offer for sale (OFS) by current shareholders, including Tata Sons, will be part of the IPO.
Tata Capital Submits Confidential Pre-Filing Application to SEBI for IPO
Currently, 93% of Tata Capital’s equity is owned by Tata Sons.
The RBI has designated Tata Capital as a “upper-layer” NBFC, meaning it must go public by September 2025.
2.3 crore equity shares could be included in the IPO, which would combine the OFS and new issue components.
The board has already given Tata Capital permission to move forward with the IPO.
This will rank among the biggest IPOs in the Indian financial industry if it is successful.
After the November 2023 IPO of Tata Technologies, this will be the second significant market listing for the Tata Group in recent years.
Tata Capital Reported Revenue of ₹18,178 Crore in FY24
Tata Capital reported revenue of ₹18,178 crore in FY24, a 34% increase over FY23.
The loan book increased by 40% year over year to surpass ₹1 lakh crore.
At ₹3,150 crore, FY24 profits reached a record high. Profit increased by 21% to ₹1,825 crore in the first half of the current fiscal year, demonstrating sustained strong performance.
One of the main financial services divisions of the Tata Group and a division of Tata Sons is Tata Capital.
Commercial finance, consumer loans, wealth services, and the distribution and marketing of Tata cards are just a few of the financial services that the company and its subsidiaries provide.
Previously, we reported that the Tata Group wants to list the IPO of its financial services division, Tata Capital, at a valuation of $11 billion in what might be the biggest initial public offering (IPO) in India in 2025.
At Rs 94,000 Crore Valuation, Tata Capital Can Be India’s Biggest IPO of 2025
With the company’s board approving the listing of 230 million shares, including an offer for sale by current shareholders, the initial public offering (IPO) has the potential to raise up to $2 billion.
