Tata Capital’s much-anticipated ₹ 15,511 crore initial public offering — opening October 6 — has already aroused strong interest from marquee institutional investors, with ₹ 4,642 crore being allotted in the anchor round, per regulatory disclosures.
A total of 14.24 crore shares were earmarked for 135 anchor investors, priced at ₹ 326 each. Of these, domestic mutual funds took a lion’s share — acquiring over 5 crore shares across 59 schemes, accounting for nearly 36% of the anchor book.
Leading the anchor round was Life Insurance Corporation of India (LIC), securing some 2.15 crore shares valued at nearly ₹ 700 crore.
Other prominent domestic allocations went to ICICI Prudential, HDFC Mutual Fund, Aditya Birla Sun Life, DSP, Axis, and Kotak. On the foreign front, global institutions such as Goldman Sachs, Morgan Stanley, Nomura, and Norway’s Government Pension Fund Global participated.
Tata Capital: Business Profile & Financials
Tata Capital ranks as India’s third-largest diversified NBFC, with a consolidated gross loan book of ₹ 2.33 lakh crore as of June 2025. Its loan portfolio has expanded at a compound annual growth rate (CAGR) exceeding 37% between FY 2023 and FY 2025, spanning retail, SME, housing, and corporate lending.
Asset quality metrics are among the best in the sector: as of June 2025, gross non-performing assets stood at 2.1%, with net NPAs near 1%.
Prior to the IPO, Tata Sons held full equity in the company; the offering will combine a fresh issue with an offer for sale, both to catalyze growth and enable partial exit for the promoter.
IPO Structure & Market Expectations
The IPO will remain open through October 8, with a price band set between ₹ 310 and ₹ 326 per share. The shares are slated to list on October 13.
This issuance gains market attention especially as Tata Capital becomes only the second Tata group company in recent years to tap public markets — following the blockbuster listing of Tata Technologies in November 2023.
Given the strong oversubscription of anchor bids and backing from marquee investors, analysts expect the IPO to attract robust demand across investor segments when subscription begins.
Reference is taken from here.