Tata Capital GMP, IPO date, Price, Review and Other details
Introduction
Tata Capital’s IPO is among the most anticipated listings in 2025. As an “upper-layer NBFC”, it is mandated by the RBI to list within a period, adding urgency and intrigue. In this post, we deep-dive into the price band, GMP (Grey Market Premium), key dates, issue structure, and listing outlook for Tata Capital IPO.
What Is Tata Capital & Why IPO?
Tata Capital Ltd. is a diversified financial services company under the Tata Group, offering consumer loans, commercial finance, wealth management and more.
Because Tata Capital is classified as an “upper-layer NBFC,” RBI norms require it to get listed within a stipulated timeframe. Thus, the IPO not only raises capital but also helps comply with regulatory requirements.
Tata Capital IPO — Key Details & Structure
| Parameter | Details |
|---|---|
| IPO Open Date | 6 October 2025 |
| IPO Close Date | 8 October 2025 |
| Basis of Allotment | 9 October 2025 (tentative) |
| Refund / Share Credit | 10 October 2025 (refunds processed, shares to demat) |
| Listing Date | 13 October 2025 (tentative) |
| Issue Size | ~ 47.58 crore shares (21.00 cr fresh + 26.58 cr offer-for-sale) |
| Price Band | ₹310 to ₹326 per share (face value ₹10) |
| Lot Size | 46 shares per lot |
| Reservation | QIB: up to 50%, NII: ≥ 15%, Retail: ≥ 35% |
| Promoter / OFS | Tata Sons to offload ~ 23 cr shares; IFC ~ 3.58 cr via OFS |
| Target Valuation | Initially ~$16.5 bn (₹146,000 cr), later trimmed to ~$15.7 bn (₹139,000 cr) |
| Use of Proceeds | Augment Tier-1 capital, support lending growth |
Note: Dates are tentative and subject to change pending final regulatory approvals.
GMP / Grey Market Premium — How It’s Tracking
The GMP reflects how much above (or below) the IPO price investors are willing to pay in the unlisted / grey market. It is indicative (though not guaranteed) of listing-day sentiment.
- As of 27 September 2025, the GMP is recorded around ₹29 as per InvestorGain.
- IPOWatch reports a GMP of ₹31 on the same date.
- Some sources mentioned earlier higher GMPs (₹50) which suggests wide volatility in grey market sentiment.
What it suggests: With a price band of ₹310–326, a GMP of ₹29–31 implies strong listing gains if sentiment remains bullish. But GMP fluctuates until listing; relying solely on it is risky.
Strengths, Risks & Listing Outlook
Strengths & Positives
- Strong Brand & backing: Tata’s credibility and track record provide trust and stability.
- Regulatory mandate: As an upper-layer NBFC, IPO was all but mandatory, which reduces uncertainty.
- Large issue size & scale: The huge scale could attract institutional interest.
- Growth potential: Fresh capital will help expand lending, which might enhance growth prospects.
Risks & Headwinds
- Valuation pressure: Peers show higher ROE/ROA; Tata Capital’s FY25 ROE (~12 %) and ROA (~1.7 %) are modest compared to aggressive NBFCs.
- Declining unlisted share prices: The unlisted shares have dropped ~30–36 % from peaks, which raises valuation concerns.
- Market sentiment volatility: IPOs in financial / NBFC space are sensitive to interest rates and macro factors.
- Dependence on capital markets: Post-IPO, maintaining investor confidence is crucial.
Listing Outlook
If GMP holds at ~₹29–31, then the estimated listing price could be in the ₹339–357 range (i.e. price band + GMP). But final listing performance depends on market mood, demand at subscription, and post-listing buyer interest.
Investors should monitor subscription trends (especially QIB interest) and anchor allocation before the final listing.
Conclusion & Investor Takeaway
Tata Capital IPO is among the marquee listings of 2025, backed by a powerful brand and regulatory impetus. The price band ₹310–326 and current GMP ~₹29–31 suggest optimism. Yet one must approach with caution — valuation stretch, sectoral risk, and grey market volatility are real.
If you plan to apply:
- Allocate only what you can bear, not chasing GMP.
- Keep an eye on subscription data.
- Look at competitive NBFCs for benchmark metrics.
🔎 Frequently Asked Questions (FAQs) on Tata Capital IPO
1. What is the Tata Capital IPO price band?
The Tata Capital IPO price band is ₹310 to ₹326 per share with a face value of ₹10.
2. What is the Tata Capital IPO lot size?
The lot size is 46 shares per lot, and investors can apply in multiples thereof.
3. When does the Tata Capital IPO open and close?
The IPO opens on 6 October 2025 and closes on 8 October 2025 (tentative).
4. What is the Tata Capital IPO allotment date?
The basis of allotment is expected to be finalized on 9 October 2025.
5. When will Tata Capital IPO shares be credited to demat accounts?
Shares are likely to be credited on 10 October 2025 after refunds are processed.
6. What is the Tata Capital IPO listing date?
The tentative listing date for Tata Capital IPO is 13 October 2025 on NSE and BSE.
7. What is the Tata Capital IPO GMP today?
As of the latest update, the Tata Capital IPO GMP (Grey Market Premium) is around ₹29–31 per share, indicating a possible listing gain.
8. What is the issue size of Tata Capital IPO?
The total issue size is about 47.58 crore shares, comprising 21 crore fresh issue and 26.58 crore offer-for-sale (OFS).
9. Who are the selling shareholders in Tata Capital IPO?
Promoter Tata Sons will offload ~23 crore shares and IFC will sell ~3.58 crore shares via OFS.
10. Should I apply for Tata Capital IPO?
Tata Capital enjoys strong brand backing and fresh capital infusion for growth. However, valuations appear stretched versus peers. Investors should track subscription status, QIB demand, and GMP before deciding.
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