Tata Capital IPO comes next month? Sebi has raised Rs. The road cleared for an issue of 17,200 crores

After receiving a regulatory clearance for its confidential draft prospectus, Tata Capital has been closed for its confidential draft prospectus for the deadline for the Ledlizing deadlines for the July inauguration and for the larger non-bank lender, after receiving the regulatory approval for its confidential draft prospectus.

The Securities and Exchange Board India F India (SEBI) has approved the draft offer documents of the non-banking finance company, the Economic Times citing people familiar with the matter. Tata Sons’ subsidiary is now expected to file its red herring prospectus (RHP) earlier next month, which is a procedural step that is ahead of the sale of the stock. The comments sent to Tata Capital remained unanswered until Friday’s press time.

Tata Capital filed its Confidential Draft Red Harring Prospectus (DRHP) on April 5. After SEBI approval, the updated draft must be publicly published on the regulator’s website before the company can move on with RHP. The IPO is expected to include both new issues and offers for sale by Tata Sons, which accounts for%of Pay FIRM.

Looms on RBI Mandate Timeline

Under RBI standards, Tata Capital and Tata Sons are classified as ‘Upper-Layer NBFCS’- a classification that is required to be listed in three years and adhere to strict compliance standards. In January, the RBI identified 15 such systemic important NBFCs for the financial year 25, including Tata Capital, with the deadline for the list of September 2025.

Upper-layer NBFC is selected on the basis of asset size, interconnectedness and other regulatory criteria and is subject to more strict monitoring.

Financial measures

Tata Capital has made strong earnings before the planned IPO. In the March quarter, the unified net profit increased by 31% annually to Rs. 1000 crore, while revenue increased by about 50% to Rs. 7,478 crore. For the financial year 25, the company has spent Rs. 3,327 crore compared to Rs. A net profit of Rs 3,655 crore was recorded. Annual income of Rs. 18,175 crore has increased from 28,313 crore.

In the last six months, the company’s unprecedented stocks have increased by 13.5% and are trading at around Rs 1,050, which means an evaluation of about Rs 3.8 lakh crore.

Also read | Sebi has received Tata Capital’s confidential DRHP of Rs. 17,200 crore IPO

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