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New Delhi: Tata Capital, the non-banking financial company of the Tata Group, declared its April-June quarterly results of 2025-26 on Monday. The NBFC’s net profit in the first quarter of FY26 more than doubled to Rs 1,040.93 crore. The company had posted a net profit of Rs 472.21 crore in the same quarter of the previous financial year.
Tata Capital has announced plans to launch its IPO.
Tata Capital’s total income surged to Rs 7,691.65 crore in the quarter ending June 2025, while it stood at Rs 6,557.40 crore in the April-June quarter of FY2025.
Tata Capital has submitted updated draft papers for a mega initial public offering (IPO). The issue size is estimated at USD 2 billion (Rs 17,200 crore). In this scenario, the valuation of the company would be around USD 11 billion.
In the updated draft red herring prospectus filed with Sebi, Tata Capital has proposed an IPO of 47.58 crore shares comprising a fresh issue of 21 crore equity shares and an offer for sale (OFS) of 26.58 crore shares.
As per the draft papers, Tata Sons will offload 23 crore shares as per the OFS component, 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 a 1.8 per cent holding.
If the issue gets a green signal from the market regulator, Tata Capital IPO will become the largest public issue in India’s financial sector. It will become Tata Group’s second public listing in recent years, following the debut of Tata Technologies in November 2023.
The company is planning to launch the public issue in line with the Reserve Bank of India’s (RBI) listing mandate for upper-layer NBFCs, which requires them to be listed within three years of classification. In September 2022, Tata Capital was designated as an upper-layer NBFC.
(Disclaimer: This article is only meant to provide information. TV9 does not recommend buying or selling shares or subscriptions of any IPO, Mutual Funds, gold and crypto assets.)
