Tata Capital Ltd. said it’s planning to go public in what may be one of India’s largest initial public offerings of the year.

Tata Capital IPO and ₹1,504 crore rights issue are set to reshape the financial market. Analysts predict a listing price of ₹500-700. IPO Listing expected by September 2025. Shares of listed entities that own stake in Tata Capital such as Tata Investment Corporation,

Financial services company also approves rights issue of Rs 1,504 cr as it moves to comply with RBI regulations

India's Tata Capital plans to launch an initial public offering in which the non-bank lender will issue 230 million new shares, while current shareholders will exit through the offer for sale route, it said on Tuesday.

The Reserve Bank of India’s (RBI) guidelines mandate upper layer NBFCs including Tata Capital to get listed by September this year. Tata Capital’s parent company Tata Sons, meanwhile, has filed an application with the RBI to de-register itself as a NBFC-core investment company.

During the financial year 2024, Tata Capital posted its highest-ever net profit of ₹3,150 crore, a growth of 37% from last year. It maintained a credit cost of 0.5% and delivered Return on Equity (RoE) of 17.

Tata Capital of India intends to initiate an initial public offering in which the non-banking lender will issue 230 million new shares, while existing shareholders will divest through the offer for sale method,

According to the Reserve Bank of India's requirements, the financial services arm of the Tata Group must mandatorily list by September 2025.

Tata Capital's board has approved plans for an IPO to list by September, comprising fresh shares and stake-sale, potentially valued at $1.7 billion. This move complies with RBI's mandate for 'upper-layer' NBFCs.

Tata Capital, the financial services arm of the $165 billion Tata Group, has announced plans to go public through an initial public offering (IPO).The non-banking financial company (NBFC) will issue 230 million fresh shares,