Tata Capital Prepares for ₹18,000 Crore IPO Filing Next Week

Tata Capital is set to file its final updated prospectus for an ₹18,000 crore IPO as early as next week, following regulatory approval. The non-banking lender, classified as an upper-layer NBFC by the Reserve Bank of India, must list by September 30 under RBI mandates. Market sources indicate the offering could launch in early to mid-September.

The IPO represents a strategic milestone for the Tata Group, with Tata Sons holding 92.8% of the company. Proceeds will partially fund Tata Motors' acquisition of Italy's Iveco Group, expanding its European commercial vehicles footprint. The offering includes a fresh issue of 23 crore shares and an offer for sale by existing shareholders.

This marks one of India's most anticipated listings this year, given both its scale and the Tata Group's involvement. The financial services arm raised ₹1,500 crore through a rights issue last fiscal year at ₹281 per share.