Following the remarkable performance of Tata Technologies’ IPO, the Tata Group has introduced its latest offering — the Tata Capital IPO. This issue opened for subscription on 6 October 2025 and will close on 8 October 2025. The price band has been set between ₹310 and ₹326 per equity share. The IPO, which includes both a fresh issue and an Offer for Sale (OFS), aims to raise ₹15,511.87 crore and is proposed to be listed on both the BSE and NSE.
Tata Capital IPO Subscription Status:
As of 1:06 PM on the second day, the IPO had been subscribed 0.56 times overall. The retail portion saw 0.56 times subscription, while the Non-Institutional Investors (NII) and Qualified Institutional Buyers (QIB) segments were subscribed 0.53 and 0.55 times respectively.
IPO Review:
Anshul Jain of Lakshmishree Investment gave a ‘Subscribe’ rating, noting that the IPO aligns with the regulatory mandate for Upper Layer NBFCs and will strengthen Tata Capital’s Tier 1 capital, enabling expansion in retail and green finance. Anand Rathi also rated it ‘Subscribe Long Term’, citing the valuation at a P/E of 32.3x and P/B of 3.5x based on FY25 earnings. Other brokerages, including Kunvarji Finstock and Aditya Birla Money, have echoed this positive sentiment.
