Overview

• Tata Capital has submitted an updated draft red herring prospectus with SEBI for an IPO sized at about ₹17,000 crore, combining 21 crore new shares with a 26.58 crore‐share offer-for-sale.
• Promoter Tata Sons will divest up to 23 crore shares and the International Finance Corporation will offload 3.58 crore shares under the OFS.
• Kotak Mahindra Capital, Axis Capital, BNP Paribas, Citigroup Global Markets India and HDFC Bank have been named as book-running lead managers for the issue.
• Proceeds from the fresh equity issue are earmarked to strengthen Tata Capital’s Tier-1 capital base to support future lending growth.
• The IPO advances compliance with the RBI’s mandate that upper-layer NBFCs complete their public listing by the end of September 2025.