LIVE: Tata Capital IPO allotment to be finalised today, GMP nears issue price – Step by step guide to check status online

The company’s interest income grew strongly from Rs 11,910.9 crore in FY23 to Rs 25,719.8 crore in FY25, registering a CAGR of 47%, driven by an expansion in the gross loan book from Rs 1,20,196.9 crore to Rs 2,26,553 crore (CAGR of 37.3%). Tata Capital’s net profit increased from Rs 2,945.8 crore in FY23 to Rs 3,655 crore in FY25, reflecting a CAGR of 11.4%.

Tata Capital operates in both lending and non-lending segments. The lending business, which accounts for 97% of total income, includes loans to retail, SME, and corporate customers. The non-lending segment (3% of income) covers distribution of third-party products (insurance, credit cards), wealth management services, and sponsorship/management of PE funds.

Tata Capital’s branch network forms a key pillar of its market expansion strategy, with a pan-India presence across location tiers, regions, and customer segments. As of June 2025, the company operated 1,516 branches across India, of which 1,508 were leased and 8 were owned. Regionally, 42% of branches were in the South, 23% in the North, 19% in the East, and 16% in the West.

At the upper price band, the issue is valued at an adjusted price-to-book value of 3.6x, broadly in line with peers, making it fully priced. The company has reported steady growth in interest income on the back of loan book expansion and widening branch network across India. However, its RoE and RoA remain lower than peers, which is a concern. “Backed by a strong brand and the proposed merger with Tata Motors Finance that will enhance its customer base, the company is well-positioned for long-term growth. However, considering the near term operational challenges, we assign a ‘Subscribe for Long Term’ rating to the issue,” said Choice Broking in an IPO note.

Investors who applied for the Tata Capital IPO can check their allotment status on the registrar’s website, MUFG Intime India Pvt Ltd, or on the stock exchange platforms. Refunds and share credit to successful bidders’ Demat accounts will begin on October 10. The company’s shares are scheduled to list on October 13 on both the NSE and BSE.

Tata Capital has reported strong growth in recent years. For FY25, the company recorded a total income of Rs 28,370 crore, up about 56% year-on-year, and a profit after tax (PAT) of Rs 3,655 crore. Its net worth stood at Rs 32,588 crore. The company’s financial indicators remain stable, with a gross NPA of around 1% and a return on equity (RoE) exceeding 20%.

The three-day bidding window for the IPO opened on October 6 and closed on October 8. The share allotment is being finalised today, October 9. Refunds and credit of shares to Demat accounts will be processed on October 10, and the listing is scheduled for October 13 on both the NSE and BSE.

Tata Capital is prudent to general slowdown in the global economic activities. Its business may be adversely affected by seasonal trends in the Indian economy. Plus, the company’s financial performance is sensitive to interest rate fluctuations as it may raise borrowing costs. The company operates under strict regulations governing India’s financial services industry.

Overall yield for the retail segments increased in FY23 due to the interest rates hikes. However, the amount of pass on has been distinct across all segments on account of level of competition, nature of asset class and segmental credit demand. Accordingly, a stable or modest increase in RoA was seen across all segments in FY24.

Tata Capital fixed the IPO price band between Rs 310 to Rs 326 per share. For retail investors, the minimum bid size was one lot consisting of 46 shares, translating to an investment of Rs 14,996 at the upper end of the price band.

The company operates a pan-India network of 1,516 branches across 27 states and union territories, making it easily accessible to a wide range of customers across urban and semi-urban areas.

Here’s a simple step-by-step guide to check your Tata Capital IPO allotment online-

– Visit the MUFG Intime IPO allotment page.

– Select Tata Capital IPO from the issue list.

– Enter your PAN and Application Number.

– Complete the security verification.

– Click Search to check if shares have been allotted.

Tata Capital’s branches are supported by an extensive network of external channels comprising over 30,000 DSAs, over 400 OEMs, over 8,000 dealers and over 60 digital sourcing partners with whom they had partnered, as of June 2025. The company offer their partners API integration with their IT systems, enabling them to directly source customer information from their partners’ IT interfaces and enabling their partners to seamlessly onboard customers. This functionality allows their partners to act as a force multiplier and function as an extension of their branch network to reach underpenetrated markets in an asset-light manner.

Here’s a simple step-by-step guide to check your Tata Capital IPO allotment online-

– Go to the NSE IPO allotment status page.

– Select ‘Tata Capital IPO’ from the list of active IPOs.

– Enter your PAN or Application Number.

– Complete the captcha verification.

– Click Submit to view your allotment status.

Here’s a simple step-by-step guide to check your Tata Capital IPO allotment online-

– Visit the BSE IPO allotment status page.

– Select ‘Equity’ as the issue type.

– Choose ‘Tata Capital IPO’ from the dropdown menu.

– Enter your Application Number or PAN.

– Complete the captcha by ticking “I’m not a robot”.

– Click Search to view your allotment status.

Around 80% of loans are secured, and organic growth accounts for over 99% of total loans. This indicates sustainable growth without heavy reliance on acquisitions or high-risk lending.

The total size of the Tata Capital IPO stands at Rs 15,511.87 crore. The offer includes a fresh issue of Rs 6,846 crore, comprising 21 crore new shares, and an offer for sale (OFS) worth Rs 8,665.87 crore, involving 26.58 crore shares. The OFS was made by the company’s promoters – Tata Sons and International Finance Corporation (IFC).

By combining the benefits of physical and digital channels, phygital networks enable lenders to reach a wider audience, increase operational efficiency, and reduce costs. Physical touchpoints, such as branches, provide a human interface for customers who require guidance and support, while digital channels facilitate seamless onboarding, loan processing, and disbursal. This hybrid approach allows lenders to leverage the strengths of each, ensuring a more efficient and effective distribution of loan products.

Retail and SME loans account for 87.5% of Total Gross Loans. Most loans are small-ticket, with over 98% below Rs 10 million, helping the company maintain a diversified and low-risk portfolio.

Tata Capital combines branch networks, partner ecosystems, and digital channels to reach customers efficiently. This omni-channel model ensures a seamless customer experience across all touchpoints.

Since starting operations in 2007, Tata Capital has served 7.3 million customers. Its products cater to salaried and self-employed individuals, entrepreneurs, small businesses, SMEs, and corporates, covering a broad spectrum of the market.

Tata Capital is the third largest diversified NBFC in India with Total Gross Loans of Rs 23,340 crore as of June 2025. The company is among the fastest growing large diversified NBFCs in India based on growth in Total Gross Loans, with Total Gross Loans growing at a CAGR of 37.3% from March 2023 to March 2025 and have a track record of sustained growth while maintaining their asset quality, as evidenced by their metrics such as, Gross Stage 3 Loans Ratio of 2.1%, Net Stage 3 Loans Ratio of 1%, and Provision Coverage Ratio (PCR) of 53.9%, which are among the best across large diversified NBFCs in India as of June 2025.

The company maintains healthy lending standards. Its key metrics include:

Gross Stage 3 Loans Ratio: 2.1%

Net Stage 3 Loans Ratio: 1.0%

Provision Coverage Ratio (PCR): 53.9%

As of June 30, 2025, Tata Capital’s Total Gross Loans reached Rs 2,334 billion. The portfolio grew at a CAGR of 37.3% between March 2023 and March 2025, reflecting strong and consistent growth. Excluding TMFL, the CAGR was 28.4%.

October 10: Refunds for unallotted investors and credit of shares to Demat accounts.

October 13: Official listing on BSE and NSE, with focus shifting to the stock’s first-day performance.

Investors can verify their Tata Capital IPO allotment status in two simple ways:

BSE/NSE Portal: Visit the “IPO Allotment Status” page and enter your PAN or Application Number.

Registrar Website: Go to MUFG Intime’s portal, select Tata Capital IPO, and check your status by entering the required details.

The basis of allotment for Tata Capital’s Rs 15,511.87 crore IPO is being finalised today. Investors can check their allotment status online through the BSE, NSE, or the registrar MUFG Intime from the afternoon onwards.

Refunds for unsuccessful applicants will begin on October 10, while successful investors will receive credited shares in their Demat accounts on the same day. The company’s stock is set to debut on both BSE and NSE on October 13, marking its formal entry into the capital markets.

The Tata Group has over 150 years of history and operates in multiple sectors including automotive, technology, steel, aerospace, defence, financial services, and consumer products. In 2025, it was named the most valuable brand in India by Brand Finance India 100.

Tata Capital is the third-largest diversified NBFC in India. It is among the fastest-growing large NBFCs, with a strong focus on retail and SME lending, helping it expand steadily while keeping risk under control.

Tata Capital is a leading financial services company under the Tata Group and a subsidiary of Tata Sons Private Limited, the group’s holding company. It provides a wide range of lending and financial solutions across India.