Tata Capital Plans IPO With 230 Million New Shares, Shareholders to Exit via Offer for Sale

Tata Capital, the financial services arm of India’s $165 billion Tata Group, has announced plans for an initial public offering (IPO), issuing 230 million new shares while existing shareholders will exit through the offer for sale (OFS) route. The non-banking financial company (NBFC) was mandated to list by September 2025 under the Reserve Bank of India’s norms for “upper layer” NBFCs.

This IPO marks the first public listing of a Tata Group company since Tata Technologies’ debut in November 2023. Established in 2007, Tata Capital offers a wide range of financial products, including housing and personal loans. The company has not disclosed further details regarding the public float.

As of March 2024, Tata Sons held a 92.8% stake in Tata Capital. Additionally, the company has approved a 15.04 billion rupees ($173 million) rights issue to strengthen its financial position.

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