SEBI approves confidential DRHP of Tata Capital, will soon come IPO

Updated: 21-06-2025, 10.25 AM

What is news?

Tata Capital, a subsidiary of Tata Sons, has prepared for its initial public issue (IPO) of Rs 17,200 crore. The Securities and Exchange Board of India (SEBI) has approved the draft papers for the public issue of the Non-Banking Financial Company (NBFC). This step has been brought to Tata Capital one more step of its IPO launch. It will be one of the largest IPOs in India’s financial sector.

Process

Now the company will have to do this work

The upcoming IPO will also include a new share issue with a proposal for sale by Tata Sons. After SEBI approved the confidential draft Red Herring Prospects (DRHP), the company will have to publicly file the update draft on the regulator’s website.
Economic Times According to, Tata Capital is expected to file red herring prospectus (RHP) in early July. The step has been taken after filing DRHP on 5 April.

Promotion of non-list shares

In the last six months, the non-listed shares of Tata Capital have increased by 13.5 per cent, trading at around Rs 1,050 per share. With this, the company’s market capitalization has increased to around Rs 3.8 lakh crore. After tax in the March quarter, its consolidated profit increased by Rs 31 per cent to Rs 1,000 crore from Rs 765 crore in the same quarter last year. The operational revenue increased by 50 per cent to Rs 7,478 crore from Rs 4,998 crore.