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SEBI Clears Tata Capital’s Rs 17,200 Crore IPO Draft

Approval clears the way for the formal prospectus filing scheduled in early July under RBI’s mandate for NBFC listings

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Overview

  • The IPO will feature both a fresh equity issue and an offer-for-sale by existing shareholders, including Tata Sons, which owns about 93% of the company.
  • Tata Capital filed its draft prospectus confidentially on April 5, using SEBI’s pre-filed DRHP process to keep sensitive data private until public disclosure.
  • Unlisted shares in the NBFC have risen about 13.5% over the past six months, valuing Tata Capital at nearly Rs 3.8 lakh crore.
  • For FY 2024-25, the company reported a net profit of Rs 3,655 crore and revenues of Rs 28,313 crore, marking significant year-over-year growth.
  • As an upper-layer NBFC under RBI regulations, Tata Capital must complete its stock exchange listing by September 2025.