Page 4 - Tata Capital

Tata Capital to float $2 bn IPO in Sept last week, eyes $11 bn valuation

Non-banking financial company (NBFC) Tata Capital is set to launch its much-anticipated USD 2 billion (Rs 17,200 crore) initial public offering (IPO) in the week beginning September 22, market sources familiar with the matter said on Sunday. The issue is expected to value the company around USD 11 billion, they added. Tata Capital is likely to make its stock market debut by September 30. The proposed IPO of 47.58 crore shares comprises a fresh issue of 21 crore equity shares and an offer for sale (OFS) of 26.58 crore shares, according to the updated draft red herring prospectus (DRHP) filed in August. Under the OFS component, Tata Sons will offload 23 crore shares, while the International Finance Corporation (IFC) will divest 3.58 crore shares. Currently, Tata Sons holds an 88.6 per cent stake in Tata Capital, while IFC owns 1.8 per cent holding. Proceeds from the IPO will be used to strengthen the company's Tier-1 capital base, supporting future capital requirements, including on

IPO-bound Tata Capital profit more than doubles to ₹1,041 cr in June qtr

Non-banking financial company Tata Capital on Monday reported more than doubling of its consolidated net profit to Rs 1,040.93 crore for the quarter ended June 2025. In the same quarter last year, the IPO-bound company had reported a profit of Rs 472.21 crore. Total income rose to Rs 7,691.65 crore for the quarter under review from Rs 6,557.40 crore in the April-June quarter of FY2025, Tata Capital said in a regulatory filing. Earlier this month, Tata Capital filed updated draft papers for a mega initial public offering (IPO), with people familiar with the matter pegging the issue size at USD 2 billion (Rs 17,200 crore). This would value the company at around USD 11 billion. According to the updated draft red herring prospectus (DRHP), the proposed IPO of 47.58 crore shares comprises a fresh issue of 21 crore equity shares and an offer for sale (OFS) of 26.58 crore shares. Under the OFS component, Tata Sons will offload 23 crore shares, while the International Finance Corporation

Big NBFCs raise billions as credit boom brews, RBI watches with interest

Flush with parent backing and top credit ratings, India's largest NBFCs are raising record sums without chasing bank licences, as they prepare for a fresh wave of private sector credit demand

Tata Capital IPO: Know key risks, strengths from Tata Group's NBFC DRHP

According to the Reserve Bank of India (RBI) regulations for upper-layer NBFCs, Tata Capital is required to complete its public offering by September 2025

Tata Sons-backed Tata Capital files updated draft papers with Sebi for IPO

Tata Capital files updated draft red herring prospectus with Sebi for its IPO, with Tata Sons to sell 230 million shares. The listing is mandated by the RBI by September 2025

Tata Capital's valuation touches ₹1.38 trillion after rights issue

Shares priced at ₹343, a 22% premium over March

Tata Sons' 93% stake in Tata Capital valued at nearly ₹98,000 crore

Tata Sons' 93% stake in Tata Capital is valued at ₹98,178 crore, based on a March rights issue. The company is preparing for an IPO that could unlock ₹17,672 crore

Tata Capital board clears ₹1,752 cr rights issue ahead of IPO plan

Tata Sons may subscribe to ₹1,630 crore of the issue as Tata Capital gears up for its $2 billion IPO, in compliance with RBI's NBFC listing mandate by September

Tata Capital gets Sebi nod for $2 bn IPO, likely India's biggest in 2025

The approval clears the way for the company to incorporate feedback from the regulator into its prospectus, before it starts marketing the deal

Tata Capital plans rights issue ahead of $2-bn IPO expected before Sept

Tata Capital board to meet Thursday to consider fresh rights issue ahead of its $2-bn IPO; company had raised Rs 1,500 crore in March via previous rights issue

TCHFL, TCS to ink pact for loans, services worth ₹5,150 cr in FY26

Tata Capital Housing eyes ₹5,150 crore from TCS in FY26, seeks to raise borrowing cap to ₹92,000 crore as FY25 profit jumps 31% YoY to ₹1,499 crore

Tata Capital likely to get Sebi approval for nearly $2-billion IPO

Tata Capital may soon get Sebi clearance for a $2 bn IPO, aiming for a listing before the September 2025 deadline for upper-layer NBFCs under RBI rules

Tata Sons board accepts internal panel report on company secretary

Tata Sons board clears Suprakash Mukhopadhyay of wilful breach or personal gain in code of conduct case, reviews FY25 results and Tata Capital IPO plans

IPO-bound Tata Capital's impairment surges 310% to Rs 3,072 crore

Despite strong revenue growth, Tata Capital's FY25 standalone profit rose just 4% as impairment on financial instruments jumped over fourfold amid rising NPAs

IPO-bound Tata Capital Q4 profit grows 31% to ₹1,000 cr, revenue up 50%

The IPO-bound Tata Capital on Wednesday reported a 31 per cent year-on-year surge in its consolidated profit after tax (PAT) to Rs 1,000 crore for three months ended March 2025. The company logged a profit after tax of Rs 765 crore in the year-ago period. Total revenues from operations rose nearly 50 per cent to Rs 7,478 crore in the January-March period of FY25 from Rs 4,998 crore in the year-ago period, Tata Capital said in a regulatory filing. For financial year 2024-25, Tata Group's financial services firm reported a PAT of Rs 3,655 crore as compared to Rs 3,327 crore in FY24, and revenues surged to Rs 28,313 crore from Rs 18,175 crore. Last month, Tata Capital filed draft papers with markets regulator Sebi for an initial public offering (IPO) through a confidential pre-filing route. Sources had told PTI that the IPO size could be USD 2 billion, valuing the company at around USD 11 billion. The IPO will consist of a fresh issue of equity shares and an offer for sale (OFS) by

Tata Capital, Boat opt for confidential IPO filing route, submit DRHPs

Reports estimate Tata Capital's IPO size at approximately $2 billion, while Boat's could exceed $250 million

Tata Capital files for confidential IPO with Sebi, eyes ₹15,000 cr listing

Tata Capital's board approved the IPO, comprising a fresh issue of up to 230 million shares along with an offer for sale by existing shareholders

Tata Capital raises Rs 1,500 crore from Tata Sons, IFC via rights issue

The company will use the proceeds for further lending and to improve its leverage ratios

Tata Capital gears up for mega IPO, ropes in about 10 investment banks

Tata group financial services firm sets the ball rolling for a $2 bn maiden share sale

Tata Capital plans to raise $750 mn via ECBs under $2 bn MTN programme

The fundraising comes as the company prepares for an initial public offering (IPO), expected by September, pending shareholder approval