Tata Sons plans to sell up to 23 crore shares through the OFS (Offer for Sale) route. Also, the International Finance Corporation will sell up to 3 crore shares in the IPO.
Tata Capital IPO’s Lead Managers
Kotak Mahindra Capital, Axis Capital Limited, BNP Paribas, Citigroup Global Markets India Private Limited, HDFC Bank Limited, HSBC Securities and Capital Markets (India) Private Limited, ICICI Securities Limited, IIFL Capital Services Limited, J.P. Morgan India Private Limited, and SBI Capital Markets Limited are the lead managers for the IPO.
Tata Capital, a part of Tata Sons, is a finance company that offers various services like business loans, personal loans, wealth management, and Tata Cards. It serves over 5.2 million customers through 900 branches.
As of March 31, 2024, Tata Sons owned 92.83% of Tata Capital Limited. The remaining shares were held by other Tata Group companies and the International Finance Corporation (IFC).
As per the CNBD TV 18, on February 25, 2025, Tata Capital’s board approved plans for an IPO. It will include a fresh issue of up to 23 crore shares and an offer for sale by existing shareholders. The company said the IPO will happen depending on market conditions and regulatory approvals.
