Tata Capital Ltd. has launched its highly awaited IPO worth ₹15,511.87 crore, structured as a book build issue. The IPO comprises a fresh issue of 21.00 crore shares aggregating to ₹6,846.00 crore and an offer for sale of 26.58 crore shares aggregating to ₹8,665.87 crore. The issue allows both retail and institutional investors to participate in one of the major financial services IPOs of the year.

Tata Capital IPO Key Details

The subscription for Tata Capital IPO will open on October 6, 2025, and close on October 8, 2025. The allotment of shares is expected to be finalized on October 9, 2025, while the shares are tentatively scheduled to list on BSE and NSE on October 13, 2025.

The price band for the issue has been set at ₹310 to ₹326 per share, offering a clear reference range for investors. Each application lot consists of 46 shares, making the minimum investment for retail investors ₹14,996 based on the upper price band.

For sNII (small non-institutional investors), the application is for 14 lots, equivalent to 644 shares, amounting to approximately ₹2,09,944. Similarly, bNII (big non-institutional investors) can apply for 67 lots, which is 3,082 shares, totaling around ₹10,04,732 at the upper price band.

Structure of Tata Capital IPO

The Tata Capital IPO is divided into two parts: a fresh issue and an offer for sale. The fresh issue allows the company to raise ₹6,846.00 crore, which will be used for business growth and expansion initiatives. The offer for sale of 26.58 crore shares, aggregating to ₹8,665.87 crore, enables existing shareholders to monetize part of their holdings. This structure provides a balance between raising fresh capital for the company and allowing shareholders to exit.

Analysts believe that the combination of fresh issue and offer for sale makes this IPO attractive to both institutional and retail investors. The IPO is expected to attract strong participation from retail investors, especially given the backing of the Tata Group and the well-established financial services business of Tata Capital in India.

Retail and Institutional Investment Rules

Retail investors can participate with a minimum lot size of 46 shares, requiring a minimum investment of ₹14,996 at the upper price band. sNII investors can bid for 14 lots, while bNII investors can bid for 67 lots. These rules ensure equitable participation across investor categories while maintaining regulatory compliance and investment limits.

The IPO provides an opportunity for long-term investors to own a stake in one of India’s largest financial services companies, while also giving existing shareholders a chance to monetize holdings. The presence of strong brand backing, along with clear IPO parameters, makes it a key IPO to watch in October 2025.

Timeline of Tata Capital IPO

• IPO Open Date: October 6, 2025

• IPO Close Date: October 8, 2025

• Allotment Date: October 9, 2025

• Tentative Listing Date: October 13, 2025

Investors should ensure timely application submission to increase chances of allotment. They should also review the prospectus, company financials, and growth strategy before applying.

Conclusion

The Tata Capital IPO is one of the largest financial sector IPOs in 2025, with a total issue size of ₹15,511.87 crore, combining a fresh issue and offer for sale. With a price band of ₹310 to ₹326 per share, clear lot size rules, and allotment and listing dates announced, it is expected to attract significant interest from retail and institutional investors alike.

This IPO provides a chance to participate in the growth of Tata Capital, while offering existing shareholders a way to exit partially. Investors are advised to act before October 8, 2025, and review all IPO details carefully to make informed decisions.

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