Overview
- The company is preparing to open the issue in the week of September 22 with a potential market debut by September 30, according to people familiar with the plan.
- The updated DRHP outlines a 47.58 crore-share offer, including up to 21 crore fresh shares for Tier‑1 capital and lending growth and up to 26.58 crore shares via offer for sale.
- Tata Sons plans to sell up to 23 crore shares and IFC up to 3.58 crore shares, with current stakes of 88.6% and 1.8%, respectively.
- The planned listing responds to RBI rules requiring upper‑layer NBFCs to list within three years of their September 2022 designation.
- Q1 FY26 results showed net profit of Rs 1,041 crore and total income of Rs 7,692 crore, underscoring recent operational momentum.