Tata Capital IPO: When will Tata Capital's IPO come, a big update has come

Financial services company Tata Capital will file documents with market regulator Sebi for a $2 billion (over Rs 17,000 crore) initial public offering (IPO) only after getting final approval from the NCLT for its merger with Tata Motors Finance. At this scale, the company's valuation is estimated to be around $11 billion, PTI reported quoting sources. According to sources, the final order of the National Company Law Tribunal (NCLT) is still pending and is expected to be completed by the end of this financial year (FY25).

Tata Capital, classified as an upper layer non-banking finance company (NBFC) by the Reserve Bank of India (RBI), has already received board approval to launch its IPO. According to information provided by the stock exchange, the planned IPO will consist of 2.3 crore equity shares through a fresh issue and an offer for sale (OFS) by select existing shareholders. Intention to raise funds through rights issue In addition to the IPO, Tata Capital intends to raise funds through a rights issue to strengthen its financial position ahead of public listing. If successful, it will rank among the largest IPOs in India's financial sector. This will also be the second public market debut of the Tata Group in recent years after the listing of Tata Technologies in November 2023. The move is part of the company's effort to comply with RBI's listing requirements. As per the RBI order, upper-layer NBFCs are required to be listed on the stock exchange within three years of being designated as upper-layer NBFCs. Tata Capital was categorized as an upper-layer NBFC in September 2022.

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