T͏ata͏ ͏Capi͏͏t͏͏al IPO͏ ͏2025:͏ P͏ric͏e Band,͏ ͏L͏ot͏ Siz͏e, and͏ ͏Key ͏Detail͏s R͏evea͏led ͏͏

Mumb͏ai, 1 October ͏202͏5:͏͏ ͏Tata C͏apit͏a͏l ͏Limi͏͏ted (͏TC͏L͏), a ͏͏͏leadi͏n͏g͏ non-ba͏nking f͏in͏a͏nci͏͏a͏l ͏c͏o͏m͏pany (NBF͏C) and subs͏i͏diar͏͏y of Tata S͏o͏ns P͏riva͏͏te͏ ͏Lim͏it͏ed, is͏ ͏se͏t to ͏͏launch ͏i͏ts͏ I͏nit͏ial Public O͏͏͏fferin͏g͏͏͏ (͏IPO) on th͏e B͏͏om͏ba͏y͏ Stock ͏E͏xc͏hange͏͏ ͏(B͏SE) ͏͏and͏ N͏at͏ional͏͏͏͏ ͏S͏to͏͏ck Exc͏h͏ang͏e͏ (͏NSE)͏ in͏ ͏Oct͏͏o͏ber 20͏25.͏ The͏ IPO ͏wil͏l comprise a ͏t͏͏ota͏l͏ of͏ ͏47.58 cror͏e͏ shares,͏͏ agg͏rega͏ting up t͏o ͏͏₹15,511.8͏7 ͏cr͏ore, i͏nc͏͏lu͏ding ͏͏a͏͏ fres͏h iss͏ue of͏ 2͏1 cro͏͏r͏e share͏s for ₹6,846 cror͏e͏ ͏an͏d ͏a͏͏n of͏fer for͏ s͏ale͏ ͏of ͏2͏6.͏5͏8 ͏c͏rore͏ ͏͏͏͏s͏hares͏ w͏orth ₹8͏,665.͏87͏ cror͏e.͏

Pr͏͏ice ͏Band͏ ͏an͏d͏ Lot ͏Siz͏e Define Re͏tail ͏and͏ H͏N͏I ͏P͏artic͏ipation

Investors can bid at a minimum of 46 shares per lot, with retail investors eligible to apply up to 13 lots (598 shares), amounting to approximately ₹1,94,948, while small HNI investors can bid from 644 to 3,036 shares, and large HNI investors from 3,082 shares and above, reflecting the tiered bidding structure. Retail individual investors can bid up to ₹2 lakh, small NIIs between ₹2 lakh and ₹10 lakh, and employees have a limit of ₹5 lakh, including certain discounted applications up to ₹2 lakh.

Allocation Structure Emphasises Balanced Investor Participation and Anchor Support

The IPO reserves 49.87% of shares for Qualified Institutional Buyers (QIBs), 14.96% for Non-Institutional Investors (NIIs), and 34.91% for Retail Individual Investors (RIIs). Anchor investors will subscribe 14.23 crore shares, raising ₹4,641.83 crore on 3 October 2025, with 50% of shares locked in for 30 days and the remaining for 90 days, ensuring stability in the initial post-listing period.

Tentative IPO Timeline Confirms Listing by Mid-October 2025

The IPO opens on 6 October 2025 and closes on 8 October 2025, with tentative allotment on 9 October 2025. Refunds and credit of shares to demat accounts are scheduled for 10 October 2025, and the expected listing date is 13 October 2025. The UPI mandate confirmation cutoff is 5 PM on 8 October 2025, which ensures timely processing of retail applications.

Tata Capital Promoter and Post-IPO Shareholding Overview

Tata Sons Private Limited remains the promoter, with pre-IPO holding at 95.6%. Post-IPO, the promoter stake is expected to reduce to 85.5%, reflecting the capital mobilisation strategy through fresh issue and offer for sale. Post-IPO shareholding will rise to 4,24,48,69,037 shares, supporting Tata Capital’s expansion and lending operations.

Financial Snapshot and Operational Scale Highlight Stability Ahead of IPO

Tata Capital reported total income of ₹28,369.87 crore in FY25, a 56% increase from ₹18,198.38 crore in FY24, while profit after tax (PAT) rose 10% to ₹3,655.02 crore. Total assets reached ₹2,48,465.01 crore, supported by net worth of ₹32,587.82 crore and borrowings of ₹2,08,414.93 crore. The IPO aims to leverage these financial strengths to enhance Tier-I capital and lending capacity, without implying investment guidance.

The Tata Capital IPO’s clearly defined price band, lot size, and allocation structure provide a transparent framework for all investor categories, ensuring orderly participation and effective capital mobilisation. The timeline and anchor allocations reflect structured planning for operational and financial stability post-listing.

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