Overview
- The three-day book build opens October 6 and closes October 8, with allotment slated for October 9 and listing targeted for October 13 on the BSE and NSE.
- The issue combines a fresh sale of 21 crore shares (about Rs 6,846 crore) with an offer for sale of roughly 26.6 crore shares, including up to 23 crore from Tata Sons and 3.58 crore from IFC.
- The band sits far below recent unlisted marks that peaked around Rs 1,100–1,125, with a reported grey-market premium of roughly Rs 24–26 indicating modest listing-day gains.
- Net proceeds from the fresh issue will augment Tier‑I capital to support future lending and general corporate purposes, as detailed in the offer documents.
- CRISIL ranks Tata Capital as India’s third-largest diversified NBFC with about Rs 2.3 trillion in gross loans; analysts cite a post-issue P/BV near 3.4 times alongside risks from unsecured exposure of about 20% and disclosed stage‑3 ratios near 1.7–2.1%.