The Financial Services Company will issue new stocks up to 210 million, while the current shareholders and World Bank Arm International Finance Corp (IFC), led by Tata Sons, said the draft red herring prospector announced by the company.
Out of the stock offered for sale, Tata Sons, a majority shareholder with 88.6% stake will sell 230 million shares while IFC will sell 35.82 million shares from its 71.64 million shares or 1.80% in the company.
The company’s total share base billion is over billion shares, meaning that the equity delusion post issue of fresh stock will be less than 1%.
Tata Capital’s IPO will be one of the largest financial sector of Rs 17,200 crore. Tata Sons and other group company owns more than 95% equity stake in the company. The company applied for confidential DRHP on April 5.
In its DRHP, the company said that it would use the amount from the new issue of shares towards raising its capital support for future requirements of the lending, next, a part of the amount from the fresh issue would be used towards the meeting offer.
IPOs were required as the NBFC Regulator Reserve Bank India F India rules say that high-level NBFCs like Tata Capital and September 2025 are required to be listed.
The company filed DRHP in April by a confidential route, which was approved by the regulator of the markets in June.
The person familiar with the details said that unless there are some specific comments of the regulator, it is worth assuming that the IPO will be ready to go in three weeks, as all other regulatory doubts have already been cleared. “
The company made a net profit of Rs 3665 crore in the year ended 2025, reported a year ago. At the end of March 2025, the company had a loan book of 2.20 lakh crore, of which 62% were individuals.
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