Tata Group's Biggest IPO: Latest Updates on Tata Capital’s Valuation, Upcoming NSE, BSE Debut and All Details

Tata Technologies, a salt-to-aviation company, is preparing to debut on Dalal Street with its other brand more than a year after listing on the NSE and BSE. Reportedly Tata Capital's IPO was approved by the company's extraordinary general meeting (EGM) last week.

Tata Capital, the financial services division of the Tata Group, is anticipated to submit its IPO draft documents to SEBI, the capital markets regulator, shortly. However, the process is on hold because the corporation needs the National Company Law Tribunal (NCLT)'s final approval before merging with Tata Motors Finance.

Tata Capital and Tata Finance Merger Plans:

The Tata Group company said in a statement that the merger would be in effect in 2025 if it was approved by regulators and other stakeholders. According to news agency PTI last month, the NCLT has not yet issued a final ruling on the amalgamation, which was announced in June of last year.

Biggest Upcoming IPO of Tata Group:

Tata Capital's upcoming public offering, following the approval of its merger, is set to become the largest IPO ever undertaken by the Tata Group. This significant offering will include both a new issue and an offer for sale (OFS) of 2.3 crore equity shares. With this IPO, Tata Capital aims to strengthen its financial position and expand its presence in the market. The company's IPO is expected to be a milestone event in Tata Group's history of public offerings.

The Reserve Bank of India (RBI) has designated Tata Capital as an upper-layer non-banking finance company (NBFC), and the company has already obtained board approval to float the first share offering.

Tata Capital IPO Latest Update:

According to a report by news agency PTI earlier in March 2025, Tata Capital is expected to submit preliminary documents to SEBI, the market regulator, for an IPO of $2 billion (more than Rs 17,000 crore). According to news reports, the company's estimated value at this scale is approximately $11 billion.

Tata Group Chief Financial Officer (CFO) PB Balaji confirmed that the creditors' meeting for Tata Motors Finance was concluded during the company's Q3 results call. He said at the time, "Final orders (are) awaited from the NCLT, and we do expect closure for this by the end of this financial year," as per the Business Today report.

In order to strengthen its financial position ahead of the public listing, Tata Capital has announced plans to raise money through a rights issue in addition to the IPO.

About Tata Capital:

Tata Capital is a prominent financial services company in India. It is primarily owned by Tata Sons, which holds a 92.83% stake in the company. The remaining stake is held by the public and other institutional investors. As part of the Tata Group, one of India's largest and most diversified conglomerates, Tata Capital provides a wide range of financial services including retail banking, corporate finance, wealth management, and insurance services. The company has a significant presence in both domestic and international markets.