IPO-bound Tata Capital has begun global and domestic institutional roadshows ahead of its public issue.
Senior leadership is meeting investors in Hong Kong, Singapore, the UK, the US, and India.
A domestic retail-focused roadshow phase is expected closer to the IPO launch.
IPO-bound non-banking financial company Tata Capital has reportedly launched a series of institutional roadshows to engage both global and domestic investors. The roadshows come ahead of the highly anticipated initial public offering (IPO) of the Tata Group company, which aims to raise around ₹17,000 crore from investors.
According to a Moneycontrol report, the company’s senior leadership is spearheading outreach efforts in key financial hubs including Hong Kong, Singapore, the UK, the US, and India. The international roadshows are expected to be followed by a domestic phase targeting retail investors, likely to begin closer to the IPO launch.
The roadshows aim to generate investor interest, highlight Tata Capital’s strategic vision, and build confidence around what is set to be one of the largest financial services IPOs of the year. The move follows the company’s filing of an updated Draft Red Herring Prospectus with SEBI on August 4.
Tata Capital is preparing to launch what could be the biggest IPO of 2025, with a total offer of up to 47.58 crore equity shares. The issue comprises a fresh issue of up to 21 crore shares and an offer for sale (OFS) of up to 26.58 crore shares. The final IPO price band and launch dates are expected to be announced soon.
According to UnlistedZone, a platform that tracks and trades unlisted equities, Tata Capital's shares are currently trading at ₹795.
Tata Sons, the parent and promoter of the non-banking financial company, plans to offload up to 23 crore shares as part of the OFS. Additionally, early investor International Finance Corporation (IFC) will sell up to 3.58 crore shares.
Proceeds from the fresh issue will be used to strengthen Tata Capital’s Tier-1 capital base, enabling the company to expand its lending capacity and sharpen its competitive edge in the NBFC sector.
The IPO is being managed by a consortium of leading investment banks, including Kotak Mahindra Capital, Axis Capital, Citi, BNP Paribas, HDFC Bank, HSBC, ICICI Securities, IIFL, SBI Capital, and JP Morgan. MUFG Intime has been appointed as the registrar.
While the IPO will help raise funds, it also serves a regulatory purpose. The Reserve Bank of India has classified Tata Capital as an “upper layer” NBFC, requiring the company to go public by September 2025 under new transparency norms for large non-banking financial companies.
Tata Capital reported robust financials in FY25, with net profit rising nearly 10% to ₹3,655 crore. Revenue from operations surged 57% to ₹25,719 crore.
As of March 31, 2025, the company’s loan book stood at ₹2.26 lakh crore, making it the third-largest diversified NBFC in India.
