The Tata Capital IPO has captured massive attention as one of the biggest IPOs of 2025, backed by the trusted Tata brand. Opening on October 6, 2025, and closing today (October 8, 2025), it has drawn both retail and institutional interest — albeit with a cautious tone.
Despite its large issue size and strong fundamentals, the Grey Market Premium (GMP) has cooled in recent days, reflecting moderate investor sentiment. Still, given Tata Group’s historical performance and credibility, this IPO remains a significant event in India’s capital markets.
About Tata Capital Ltd
Tata Capital Limited is a leading non-banking financial company (NBFC) under the Tata Group, classified as an “upper-layer NBFC” by the Reserve Bank of India (RBI). The company offers a wide range of financial services, including:
- Personal and business loans
- Home loans and vehicle finance
- Wealth management and investment advisory
- Insurance distribution
As of June 2025, Tata Capital served over 7.3 million customers across India. The company’s strong brand legacy, diversified portfolio, and compliance-driven business model make it a major player in the Indian NBFC space.
Tata Capital IPO Details
| Particulars | Details |
|---|---|
| IPO Dates | October 6 – October 8, 2025 |
| Price Band | ₹310 – ₹326 per share |
| Lot Size | 46 shares (₹14,996 per lot at upper band) |
| Issue Size | ₹15,511.87 crore (Fresh Issue ₹6,846 crore + OFS ₹8,665.87 crore) |
| Face Value | ₹10 per share |
| Allotment Date | October 9, 2025 |
| Refunds / Demat Credit | October 10, 2025 |
| Listing Date | October 13, 2025 |
| Listing Exchanges | BSE & NSE |
| Registrar | Link Intime India Pvt Ltd |
| Anchor Investor Bidding | October 3, 2025 |
| Promoter Selling Shares | Tata Sons & International Finance Corporation |
| Employee Reservation | 12,00,000 shares |
Tata Capital IPO GMP (Grey Market Premium)
- Latest GMP (as of October 8, 2025): ₹6–₹7
- Estimated Listing Price: Around ₹332–₹333 (1.8%–2.1% premium over upper price band)
- GMP Trend:
- A week ago: ₹20 (≈6% premium)
- Current: ₹6–₹7 — indicating muted near-term listing gains
Interpretation:
The declining GMP suggests investors are cautious amid overall market volatility. While Tata’s reputation brings credibility, the premium’s dip reflects moderate enthusiasm rather than euphoria.
Financial Summary (₹ in crore)
| Financial Year | Revenue | Net Profit | EPS (₹) |
|---|---|---|---|
| FY2023 | 18,500 | 2,975 | 7.3 |
| FY2024 | 22,670 | 3,640 | 8.5 |
| Q1 FY2025 | 6,290 | 980 | 2.1 |
Key Highlights:
- Strong and consistent revenue growth.
- Net profit up nearly 22% YoY in FY2024.
- Healthy return on assets (ROA) and low NPAs, indicating strong financial discipline.
Strengths and Risks
Strengths
- Backed by Tata Group, ensuring trust and stability.
- Diversified product portfolio across retail, SME, and corporate lending.
- Consistent profitability and strong asset quality.
- Classified as an “upper-layer NBFC”, ensuring regulatory transparency.
- Strong digital ecosystem and customer reach (7.3 million+ clients).
Risks
- Declining GMP and subscription pace suggest cautious market mood.
- High competition in the NBFC sector.
- Interest rate fluctuations may impact margins.
- OFS component means no direct benefit from that portion to the company.
Expert Review
Brokerages and analysts have mixed but generally positive long-term views:
- Kotak Securities: “Solid fundamentals and brand backing, though short-term listing gains may be limited.”
- Angel One: “Strong business model, consistent growth, and low NPAs — ideal for long-term investors.”
- Economic Times Analysis: “Muted GMP reflects subdued sentiment, not weak fundamentals.”
Overall Analyst Verdict:
- Short-term: Moderate listing gains possible.
- Long-term: Stable and promising investment due to Tata’s credibility and financial performance.
Conclusion – Apply or Avoid?
Given Tata Capital’s robust fundamentals, diversified business model, and trusted brand name, long-term investors may consider applying for the IPO.
However, for those seeking quick listing gains, the muted GMP indicates limited short-term upside.
Final Verdict: ✅ Apply for Long-Term Investment
FAQs – Tata Capital IPO
1. What is the GMP of Tata Capital IPO today?
The latest GMP is around ₹6–₹7, indicating a modest 1.8%–2.1% premium over the issue price.
2. Is Tata Capital IPO good for long-term investment?
Yes, due to strong fundamentals, consistent profitability, and Tata Group’s trust factor, it is considered suitable for long-term investors.
3. What are Tata Capital IPO allotment and listing dates?
- Allotment Date: October 9, 2025
- Listing Date: October 13, 2025
4. How big is the Tata Capital IPO?
The total issue size is ₹15,511.87 crore, making it one of the largest IPOs of 2025.
5. What is the minimum investment for Tata Capital IPO?
Retail investors can apply for a minimum of one lot (46 shares), costing approximately ₹14,996.
6. Who are the lead managers of Tata Capital IPO?
Lead Book Running Managers include Kotak Mahindra Capital, ICICI Securities, Axis Capital, HSBC, BNP Paribas, and others.
