Tata Capital Files Confidential DRHP for ?15,000 Crore IPO

Tata Capital Limited has submitted a confidential draft red herring prospectus (DRHP) to the Securities and Exchange Board of India (SEBI) for its upcoming Initial Public Offering (IPO). The company is planning to raise around ?15,000 crore through this public issue.

Tata Capital IPO Details

As per the confidential DRHP, the IPO will consist of a combination of fresh issue of up to 2.3 crore equity shares of face value of ?10 each and an offer for sale (OFS) by present shareholders, largely Tata Sons, which owns a 92.83% stake in the company?.

The equity shares are to be listed on both the BSE and NSE. The price band and minimum bid lot for the IPO will be decided after consulting the book-running lead managers, which are Kotak Mahindra Capital, Citi, JP Morgan, Axis Capital, ICICI Securities, HSBC Securities, IIFL Capital, BNP Paribas, SBI Capital, and HDFC Bank.

About Tata Capital

Founded in 2007, Tata Capital Limited provides diverse financial products and services such as consumer loans, commercial finance, wealth management, and distribution of Tata Cards. It operates through a network of over 900 branches in India, catering to retail, SME, and corporate customers.

Company Financials

Tata Capital has shown strong financial performance in recent years:

• Revenue: ?18,178 crore in FY24, a 34% year-on-year increase.
• Net Profit: ?3,150 crore in FY24, up 37% from ?2,300 crore in FY23.
• Loan Book: Crossed ?1 lakh crore, up 40% year-on-year.

These numbers highlight Tata Capital's dominant market position and the potential for consistent growth in the financial services sector.

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