Tata Capital IPO GMP and Subscription 2025: Tata Capital, a prominent non-banking financial company under the Tata Sons umbrella, steps into the spotlight with its much-anticipated initial public offering, poised to become the largest of 2025. As one of India’s key players in lending and financial services for retail, corporate, and institutional clients, this IPO not only bolsters the company’s capital base but also reflects investor confidence in the Tata Group’s legacy of innovation and reliability. With robust financials showing revenue growth to Rs 28,313 crore in fiscal 2025, the move underscores the NBFC sector’s resilience amid economic shifts.
The subscription window kicks off today, October 6, and runs through October 8, with a price band of Rs 310 to Rs 326 per share. Anchors already committed Rs 4,642 crore, while the grey market premium stands at Rs 12.5, signaling modest listing gains. Allotment is slated for October 9, followed by listing on BSE and NSE on October 13.
Inside Tata Capital’s Mega Rs 15,512 Crore IPO Structure
This book-built offering totals Rs 15,511.87 crore, blending a fresh issue of 21 crore shares valued at Rs 6,846 crore to strengthen the tier-I capital for lending expansion and an offer-for-sale of 26.58 crore shares worth Rs 8,665.87 crore. Promoter Tata Sons plans to offload up to 23 crore shares, with the International Finance Corporation contributing up to 3.6 crore through the OFS. Pre-IPO anchors like BlackRock, Capital Group, and Fidelity infused Rs 4,641.83 crore on October 3, locking in shares until November 8 for half and January 7, 2026, for the rest. Recent quarterly results highlight momentum, with June 2025 revenue at Rs 7,665 crore and profit doubling to Rs 1,041 crore.
The issue comprises 33.34 crore shares overall, reserved strategically: 28.5 percent for qualified institutional buyers, 21.35 percent for non-institutional investors, 50 percent for retail, and a small employee quota.
Applying for Tata Capital IPO: Lot Sizes and Subscription Guide
Retail investors can bid for a minimum of one lot of 46 shares, costing Rs 14,996 at the upper band, with a cap of 13 lots or Rs 1,94,948. Small NIIs start at 14 lots (Rs 2,09,944), while big NIIs require 67 lots (Rs 10,04,732). Applications go through ASBA via UPI on platforms like BSE, NSE, or bank apps, with payments deducted only upon allotment. Lead managers including Kotak Mahindra Capital, Axis Capital, and ICICI Securities oversee the process, with MUFG Intime as registrar.
Day one saw 0.38 times overall subscription by 4:30 p.m., indicating measured early interest.
Grey Market Buzz and Path to October 13 Listing
The grey market premium of Rs 12.5 as of 3:30 p.m. today points to a potential debut at Rs 338.5, a 3.83 percent premium over the Rs 326 cap. Unlisted shares fluctuated to Rs 333.5 after peaking at Rs 353, with trends likely to evolve alongside subscription momentum. Allotment finalization on October 9 will lead to demat credits and refunds by October 10, setting the stage for trading debut.
This IPO encapsulates Tata Capital’s growth trajectory, blending fresh capital with strategic divestments to fuel future ambitions. Investors should track real-time bids on registrar sites and reliable financial portals for allotment status and beyond.
Note: GMP does not represent official data and is based on speculation. GMP data sourced from InvestorGain.
Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read red herring prospectus thoroughly before placing bids.
