Tata Capital IPO: Rs 17,200 Crore Issue Likely To Launch Soon As SEBI Clears Draft Prospectus

Tata Capital's Mammoth IPO: A $11 Billion Colossus Ready to Debut?

Get ready for a potential seismic shift in India's financial landscape! Tata Capital, a powerhouse in the NBFC sector, is poised to launch a mega Initial Public Offering (IPO) valued at a staggering $11 billion (over Rs 17,000 crore). The Securities and Exchange Board of India (SEBI) has given its green light, paving the way for what could be the largest IPO in the Indian financial sector's history.

Key Highlights:

• Record-Breaking Size: The IPO is expected to raise over Rs 17,200 crore, dwarfing previous offerings in the financial sector.
• Strategic Move: This IPO marks Tata Capital's compliance with RBI regulations requiring upper-layer NBFCs to list on the stock exchange within three years of designation (September 2022).
• Timeline: While the exact launch date remains undisclosed, the RHP filing is anticipated early next month, with a listing target by September 2025.
• Share Structure: The offering will include a fresh issue of 2.3 crore equity shares and an offer for sale (OFS) by existing shareholders. Tata Sons currently holds a commanding 92.83% stake.
• Tata Group's Continued Momentum: This follows the successful listing of Tata Technologies in November 2023, showcasing the group's commitment to public market expansion.

What This Means for Investors:

This IPO presents a significant opportunity for investors seeking exposure to a well-established player in the Indian financial services sector. The sheer size and backing of the Tata Group make this a highly anticipated event, potentially attracting substantial interest from both domestic and international investors.

Regulatory Compliance and Next Steps:

Tata Capital's adherence to RBI regulations underscores its commitment to transparency and corporate governance. The upcoming RHP filing will provide further details on the IPO structure, pricing, and other critical information for potential investors.

Stay Tuned:

News18 will continue to provide updates as more information becomes available. This is a story developing rapidly, and the potential impact on the Indian financial markets is undeniable.