The IPO also assumes greater significance as its monetisation will be used to part fund Tata Motors’ recent acquisition of Italy’s Iveco Group, giving it significant presence in Europe’s commercial vehicles market.
Tata Capital’s initial public offer has received regulatory approval, and the final updated prospectus is likely to be filed as early as next week with a size in the region of around ₹18,000 crore, sources with direct knowledge said.
The non-banking lender from the Tata group, categorised as an upper layer NBFC by the Reserve Bank of India, has confidentially filed for IPO. Under RBI regulations it has to be mandatorily listed by September 30 this year.
Sources said that the issue is likely to hit the market in the first or second week of September.
Tata Capital did not respond to an email sent seeking confirmation on the development.
This is one of the most anticipated listings this year due to the large size as well as the fact that it belongs to the Tata group with Tata Sons holding 92.8 per cent stake in it. It is of strategic importance to the group as it is the sole financial services business of the conglomerate.
The IPO also assumes greater significance as its monetisation will be used to part fund Tata Motors’ recent acquisition of Italy’s Iveco Group, giving it significant presence in Europe’s commercial vehicles market.
In February, the board of Tata Capital approved its IPO consisting of a fresh issue of up to 23 crore shares and an offer for sale by shareholders.
Last fiscal year it raised ₹1,500 crore through a rights issue, the shares being issued at ₹281 per share. Its unlisted shares are trading at above ₹800.
In FY25 its portfolio rose 41 per cent to ₹2.2 lakh crore, disbursements rose 36 per cent on year to ₹1.4 lakh crore. It offers a range of financing products with a focus on retail and SME customers.
It reported total income of ₹28,370 crore in FY25, up 56 per cent on year, while net interest income rose 55 per cent to ₹1,334 crore.
Published on July 31, 2025
Source link
[ad_3]
[ad_4]