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News Topical, Digital Desk : The wait for the IPO of Tata Group's non-banking financial company (NBFC) Tata Capital is now about to end. According to reports, it is preparing to bring an IPO of $2 billion (Rs 17,200 crore) in the week starting from September 22. The company is preparing to launch this IPO at a valuation of around $11 billion. The company is hoping to be listed in the stock market by September 30.
This IPO will be the largest in India's financial sector and the second listing of the Tata Group in recent years. This will come after the listing of Tata Technologies in November 2023.
10 questions and answers about Tata Capital IPO: -
1. When will Tata Capital's IPO be launched? Tata Capital's IPO will be launched in the week starting September 22 and is expected to be listed on the stock market by September 30.
2. What is the size and valuation of the IPO? This IPO will be worth $2 billion (Rs 17,200 crore). The valuation of the company is expected to be around $11 billion.
3. How many shares will be sold in the IPO? The IPO will consist of a total of 47.58 crore shares, including 21 crore new equity shares and an offer for sale (OFS) of 26.58 crore shares.
4. Who will sell how many shares? Tata Sons will sell 23 crore shares and International Finance Corporation (IFC) will sell 3.58 crore shares. Tata Sons currently holds 88.6% and IFC holds 1.8% stake.
5. How will the IPO proceeds be used? The IPO proceeds will be used to strengthen the company's tier-1 capital and meet future borrowing needs.
6. How is Tata Capital's financial position? The company's total debt as of March 2025 was Rs 2.26 lakh crore, showing a 37% annual growth between FY23-FY25. Profit in FY25 stood at Rs 3,646.6 crore, up 10% from Rs 3,029.2 crore in FY23.
7. How was the performance of the recent quarter? The company's profit in the June 2025 quarter was Rs 1,041 crore, double that of the previous year. Total income increased from Rs 6,557 crore to Rs 7,692 crore.
8. In which services does Tata Capital operate? Tata Capital, started in 2007, has served more than 70 lakh customers. It provides services of loans, insurance, credit cards, wealth management and private equity fund management.
9. Why is an IPO being brought? As per the rules of the Reserve Bank of India (RBI), the upper level NBFC is required to be listed within three years of being designated in September 2022. Tata Capital is following this rule.
10. Who is managing the IPO? The IPO is being managed by Axis Capital, Kotak Mahindra Capital, BNP Paribas, HDFC Bank, HSBC Securities, CitiGroup Global Markets India, ICICI Securities, IIFL Capital Services and JPMorgan India.
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