Overview

• The issue includes up to 21 crore new shares and up to 26.58 crore shares via an offer for sale, totaling about 47.58 crore shares.
• Tata Sons plans to sell up to roughly 23 crore shares and IFC about 3.58 crore shares through the OFS.
• Anchor investor bidding is scheduled for Oct. 3, with the price band and lot size expected to be announced on Sept. 29.
• Regulatory timing follows the RBI requirement for upper‑layer NBFCs to list, for which Tata Capital received a deadline extension tied to its merger process.
• Tata Capital reported FY25 profit of Rs 3,655 crore and Q1FY26 profit of about Rs 1,041 crore, and the IPO is led by a large syndicate including Axis Capital, Kotak, BNP Paribas, Citi, HDFC Bank, HSBC, ICICI Securities, IIFL, SBI Capital Markets and J.P. Morgan India.