Shares of Tata Capital Ltd, a non-banking financial company, began trading on the National Stock Exchange (NSE) on Monday, opening over 1 percent higher than the issue price of ₹326. The stock started at ₹330, marking an increase of 1.22 percent relative to the issue price on both the BSE and NSE. Subsequently, the share price rose further to ₹332, reflecting a 1.84 percent gain on the BSE.
During morning trading, the company’s market capitalization was recorded at ₹1,38,658.65 crore. Tata Capital’s initial public offering (IPO) was fully subscribed on the last day of bidding, which took place the previous Wednesday. The IPO, amounting to ₹15,512 crore, received a subscription rate of 1.95 times.
This offering is notable for being the largest IPO of the year, with a price range set between ₹310 and ₹326 per share. The IPO comprised a total of 47.58 crore shares, including 21 crore equity shares as a fresh issue and an Offer For Sale (OFS) of 26.58 crore shares.
Proceeds from the IPO are intended to fortify the company’s Tier-1 capital base, enhancing its capacity for future capital needs and lending activities. This listing marks the Tata Group’s second public offering in recent years, following the entry of Tata Technologies into the market in November 2023.
The IPO aligns with the Reserve Bank of India’s (RBI) requirements for upper-layer Non-Banking Financial Companies (NBFCs), which must list within three years of classification. Tata Capital was recognized as an upper-layer NBFC in September 2022. The company provides a broad range of lending products, serving various client segments, including employed individuals, entrepreneurs, small businesses, and larger corporations.
In addition to its lending services, Tata Capital also distributes third-party financial products such as insurance and credit cards, offers wealth management solutions, and serves as an investment manager for private equity funds.
Published on October 13, 2025.
