Tata Capital readies ₹17,200 crore IPO as major 2025 listing milestone

Tata Capital is preparing a ₹17,200 crore IPO scheduled for the week of September 22, 2025, valuing the NBFC at roughly ₹1.2 lakh crore. FY25 profit after tax stood near ₹4,000 crore, supporting expectations of strong institutional demand. The issue is likely to be OFS-heavy, with analysts noting its potential to surpass HDB Financial’s previous large-cap fundraising benchmark.