Tata Capital IPO price band at over 55% discount to unlisted market

TATA CAPITAL ON Monday fixed a price band of ₹310-326 per share for its upcoming IPO, which was over 55% below its prevailing unlisted market price of ₹735-765 per share.

- MAHESH NAYAK

The IPO price of the retail lending NBFC is 5-10% below the rights issue price of ₹343 per share issued in July 2025.

The ₹15,512 crore IPO of Tata Capital opens for subscription on October 6 and closes on October 8. Since June 2025, the stock price of Tata Capital has been languishing in the unlisted space, quoting at ₹1,075 in early June 2025. The stock price has lost nearly one-third (32%) of its value post-rights issue priced at ₹343 in July 2025 and due to weakness in the equity market.