Tata Capital Limited’s initial public offering (IPO) opened in the Indian primary market on October 6, 2025, and will be available for bidding until October 8, 2025. This gives interested investors just one more day to participate. The Tata Group’s NBFC arm has set the IPO price band between ₹310 and ₹326 per share. The offering, a mix of fresh issue and Offer for Sale (OFS), aims to raise ₹15,511.87 crore and is slated to list on the BSE and NSE, with a tentative listing date of October 13, 2025.
In the grey market, Tata Capital’s IPO Grey Market Premium (GMP) is steady at ₹13. After declining over the first two days, it has stabilized, potentially due to improved sentiment in the secondary market. Despite a seemingly moderate subscription status, experts believe the ₹15,511.87 crore issue size justifies the investor response.
Kunvarji Finstock and BP Equities have both rated the IPO a ‘subscribe,’ citing Tata Capital’s strong brand, diverse loan book, and distribution strength. With a P/E of 35.05 and a P/BV of 4.1x (FY25), analysts recommend subscribing for medium to long-term gains. Each lot comprises 46 shares.
