Tata Capital sets ₹310-326 price band for ₹15,512 crore IPO, largest listing of 2025

The IPO consists of 47.58 crore equity shares, including a fresh issue of 21 crore shares and an Offer for Sale (OFS) of 26.58 crore shares

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Tata Capital has fixed the price band for its Rs 15,512-crore Initial Public Offering (IPO) at Rs 310-326 per share, setting the stage for the year's largest public issue.

At the upper end of the band, the non-banking financial company (NBFC) commands a valuation of nearly Rs 1.38 lakh crore.

The issue will open for subscription on October 6 and close on October 8, with anchor bidding on October 3.

The IPO consists of 47.58 crore equity shares, including a fresh issue of 21 crore shares and an Offer for Sale (OFS) of 26.58 crore shares.

Proceeds from the fresh issue will be used to bolster the company’s Tier-1 capital base, ensuring capacity for future lending.

Under the OFS, promoter Tata Sons will sell 23 crore shares, while International Finance Corporation (IFC) will offload 3.58 crore shares. Tata Sons currently owns 88.6 per cent of Tata Capital and IFC holds 1.8 per cent.