Tata Capital
Tata Capital Limited’s Initial Public Offer to open on October 6, check the Price Band
Non-bank lender Tata Capital Limited on Friday said it shall open the Bid/Offer in relation to its initial public offer of Equity Shares on October 6.
The Price Band of the Offer has been fixed at Rs. 310 to Rs. 326 per Equity Share.
The company announced that bids can be made for a minimum of 46 Equity Shares and in multiples of 46 Equity Shares thereafter.
The initial public offer comprises of offer of up to 475,824,280 Equity Shares (“Total Offer Size”) comprising of a fresh issue of up to 210,000,000 Equity Shares (“Fresh Issue”) and an offer for sale of up to 265,824,280 Equity Shares (“Offer for Sale”).
The selling shareholders are Tata Sons Private Limited (the “Promoter Selling Shareholder”) selling up to 230,000,000 Equity Shares and International Finance Corporation (the “Investor Selling Shareholder”) selling up to 35,824,280 Equity Shares.
The Anchor Investor Bidding Date shall be Friday, October 3, 2025, and the Bid/Offer shall close on Wednesday, October 8, 2025.
The Equity Shares are being offered through the red herring prospectus of the Company dated September 26, 2025 (the “Red Herring Prospectus”), filed with the Registrar of Companies, Maharashtra at Mumbai (the "ROC”).
The Equity Shares offered through the Red Herring Prospectus are proposed to be listed on BSE Limited (“BSE”) and the National Stock Exchange of India Limited (“NSE”).
Kotak Mahindra Capital Company Limited, Axis Capital Limited, BNP Paribas, Citigroup Global Markets India Private Limited, HDFC Bank Limited, HSBC Securities and Capital Markets (India) Private Limited, ICICI Securities Limited, IIFL Capital Services Limited (formerly known as IIFL Securities Limited), J.P. Morgan India Private Limited, and SBI Capital Markets Limited are the book running lead managers to the Offer (the "BRLMs").
All capitalised terms used herein but not defined shall have the same meaning as ascribed to them in the Red Herring Prospectus.
Meanwhile, speaking during the event, Rajiv Sabharwal, MD & CEO of Tata Capital said the recently implemented goods and services tax (GST) cuts will have a positive impact.
"We believe that some benefits of the GST cuts will be immediate, while others will be felt over a period of time. GST cuts will definitely be positive," he said.
The Indian government's GST 2.0 came into force from September 22 marking a major change in the tax rates across good and services.
Following the sweeping overhaul of the indirect tax system, the existing four-rate structure was replaced with just two slabs.
The long-anticipated rationalisation—seen as a relief for the middle class—abolishes the 12% and 28% categories, leaving only the 5% and 18% slabs.
(Reporting by Supriyo Hazra)
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