Tata capital ipo: The Tata Group’s non-banking financial company has come updated with the IPO of Tata Capital. Tata Capital is set to bring its much awaited IPO of Rs 17,200 crore in the week starting from September 22. Market sources familiar with the case shared this information with PTI on Sunday. Sources said that this IPO is expected to have a valuation of Tata Capital to be around $ 11 billion. The Tata Capital may list in the stock market by 30 September.
Tata Sons will sell 23 crore shares of Tata Capital
According to the draft Red Herring Prospectus (DRHP) filed in August, the proposed IPO of 47.58 crore shares includes fresh issue of 21 crore equity shares and OFS of 26.58 crore shares. Under OFS, Tata Sons will sell 23 crore shares, while International Finance Corporation (IFC) will sell 3.58 crore shares. At present, Tata Capital holds 88.6 percent stake in Tata Capital, while IFC has a 1.8 percent stake.
Tata Technologies IPO came in November 2023
Tata Capital submitted documents for the IPO with SEBI on 7 April this year. After which, on 21 June, SEBI approved Tata Capital to bring its IPO. The amount received from the IPO will be used to strengthen the company’s Tier-1 capital base and meet future capital requirements including further borrowings. This IPO will become the biggest public issue of India’s financial sector if it is successful. It will be the second Tata group company to bring IPOs in recent years after Tata Technologies in November 2023.
How was Tata Capital performing in the first quarter of the current financial year
In the first quarter of the current financial year, the total net profit of Tata Capital was recorded at Rs 1040.93 crore, which was Rs 472 crore in the first quarter of the previous financial year. Tata Capital had informed in a regulatory filing that the company’s total income was increased to Rs 7691.65 crore in the first quarter of the current financial year, which was Rs 6557.40 crore in the April-June quarter of FY 2025.
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