Tata Capital IPO GMP, Subscription Status Live Updates: The wait is finally over. Tata Capital, the financial services arm of the Tata Group, will open its much-awaited initial public offering (IPO) for public subscription today, October 6. The issue will remain open till October 8, marking one of the biggest IPO events of the year.
Here’s a quick look at three key details investors should know –
Tata Capital IPO: India’s biggest issue of 2025
Tata Capital’s Rs 15,511.87 crore IPO will open its IPO today. It is also interesting to note that it will be the largest IPO since Hyundai Motor India’s Rs 27,859 crore issue last year.
The offer includes a combination of a fresh issue and an Offer for Sale (OFS), giving both retail and institutional investors a chance to own a piece of the Tata Group’s financial powerhouse.
The company has set a price band of Rs 310–326 per share, and the issue will be listed on both the BSE and NSE
| Tata Capital IPO | Key Details |
| Price Band | Rs 310-326 |
| IPO Date | October 6-8 |
| GMP | 2% |
| IPO Allotment date | October 9 |
| Listing date | October 13 |
Tata Capital IPO : Anchor investors
The IPO got off to a solid start even before opening to the public. On October 3, Tata Capital raised around Rs 4,641.8 crore from 135 anchor investors .
Among these, Life Insurance Corporation (LIC) emerged as the largest anchor investor, according to the company’s exchange filing.
Tata Capital IPO: GMP today
According to the latest updates, Tata Capital IPO shares are trading at a premium of Rs 9 in the grey market today. This translates to around 3% over the upper price band.
However it is important to understand that GMP is not the official listing price and may fluctuate based on the market sentiment.
Tata Capital IPO Opens for Subscription Live: Follow Live Coverage on Tata Capital IPO GMP, Subscription Status, Allotment, Listing Date and More
Tata Capital IPO Subscription Status, GMP Live: Financial snapshot - FY25 performance
For the year ended March 31, 2025, Tata Capital reported total income of Rs 28,370 crore and profit after tax (PAT) of Rs 3,655 crore. Its EBITDA stood at Rs 20,338 crore, and net worth at Rs 32,588 crore.
Tata Capital IPO Subscription Status, GMP Live: Company overview
Tata Capital is a systemically important, upper-layer NBFC, operating as the financial services arm of Tata Sons. The company offers a wide range of lending and financial products from personal and home loans to SME financing and wealth management solutions.
Tata Capital IPO Subscription Status, GMP Live: Canara Bank Securities on Tata Capital IPO
"The IPO is priced at 4x FY25 P/B, in line with peers. Post-merger integration impacts from Tata Motors Finance are expected to normalize, supported by AAA ratings and a resilient funding profile. Macro tailwinds like India’s economic growth and digital adoption favor the business, though risks include regulatory changes, rate volatility, and competition. Recommendation: Subscribe for long-term horizon," said Canara Bank Securities in its IPO note.
Tata Capital IPO Subscription Status, GMP Live: ICICI Direct on Tata Capital IPO
"Tata Capital offers a resilient business model with a focus on sustained growth supported by a diversified asset mix. The company currently commands a valuation of ~3.5x P/B on post issue basis (ex ESOP). We assign an Unrated rating," said ICICI Direct in its IPO note.
Tata Capital IPO Subscription Status, GMP Live: Objective of the IPO
A large portion of the IPO proceeds from the fresh issue will be used to strengthen Tata Capital’s Tier-1 capital base, a key regulatory requirement for upper-layer NBFCs under RBI norms. The company aims to use this capital to support lending expansion and meet future growth requirements.
Tata Capital IPO Subscription Status, GMP Live: SBI Securities on Tata Capital IPO
"At the upper price band of Rs 326, the issue is valued at a P/BV multiple of 3.4x on post-issue capital. Tata Capital combines the strength of its Tata Group parentage, a diversified loan portfolio, robust risk management practices, and a pan-India omni-channel
network to position itself as one of the most reliable and scalable NBFCs in India," said SBI Securities in its IPO note
"The recent TMFL merger further expandsits presence in vehicle finance, adding scale and product diversity. During FY25 and 1QFY26, RoE and RoA have dipped due to losses from TMFL on a post-merger basis impacting profitability, which is expected to reverse in the future as the TMFL business turns profitable," added the report.
Tata Capital IPO Subscription Status, GMP Live: Lot size and retail investment details
Retail investors can bid for a minimum of 46 shares, requiring an investment of about Rs 14,996 at the upper price band. The bid lot increases in multiples of 46 shares, and larger investors such as HNIs and institutional buyers have higher minimum bid requirements as per SEBI rules.
Tata Capital IPO Subscription Status, GMP Live: Price band and valuation
The company has fixed the price band between Rs 310-326 per share, with a face value of Rs 10 each. This pricing puts Tata Capital’s valuation in line with other large NBFCs in the market.
Tata Capital IPO Subscription Status, GMP Live: Size and structure of the public issue
Tata Capital aims to raise Rs 15,511.87 crore through this offering. The issue comprises a fresh issue of 21 crore shares worth Rs 6,846 crore, and an Offer for Sale (OFS) of 26.58 crore shares worth Rs 8,665.87 crore.
Also read: Tata Capital IPO opens today: Check GMP, issue price, 5 ‘must know’ details; Should you subscribe?
Tata Capital IPO Subscription Status, GMP Live: Timeline and important dates
The Tata Capital IPO opens on October 6, and will close on October 8. The basis of allotment is likely to be finalised on October 9, with refunds expected by October 10. The shares are scheduled to be listed on the NSE and BSE on October 13, marking one of the most anticipated listings of the year.