The insurance behemoth LIC is probably going to place a large wager on this matter, with the major part probably taking place on October 3.
The Tata Group’s premier financial services company, Tata Capital, moved one step closer to its massive initial public offering (IPO) on September 26 when it submitted its red herring prospectus to the bourses and Sebi.
According to an exchange statement, the offer includes a new issuance of up to 210,000,000 equity shares with a face value of Rs 10 apiece as well as an offer for sale of up to 265,824,280 equity shares by specific business selling shareholders.
Please take notice that the offer and bid will be available from Monday, October 6, 2025, until Wednesday, October 8, 2025. The announcement also said that Friday, October 3, 2025, would be the anchor investor bidding date.
The news supports a report that Moneycontrol broke on September 23 about the issue launch timings, along with further information about the offer’s size and suggested value.
With the combined IPO size (new issue of shares plus OFS by Tata Sons and IFC or International Finance Corporation) estimated at approximately $1.85 billion or Rs 16,400 crore, the Tata Group is aiming for a post-money equity valuation of about $16.5 billion for the big-bang IPO, the report had added.
According to the source, insurance behemoth LIC is probably going to place a large wager on this matter, with the anchor segment probably taking place on October 3 and the issue preparing to debut between October 6 and October 8.
In Tata Capital, Tata Sons has a sizable controlling share. According to the draft paperwork, the remaining interest is held by external investors IFC and other group firms, including TMF Holdings Ltd, Tata Investment Corporation, Tata Motors, Tata Chemicals, Tata Power, and others.
Reserve Bank regulations require top-tier NBFCs, such as Tata Capital, to list on domestic exchanges by September 30. However, the company just obtained a little extension from the banking regulator, according to sources.
Tata Capital: Dalal Street Road
Moneycontrol was the first to announce on April 5 that Tata Capital has submitted draft documents for an IPO for over Rs 15,000 crore to SEBI under the private pre-filing process.
Moneycontrol was the first to reveal earlier on March 21 that the top NBCF had hired ten investment banks to serve as consultants for the big listing and was probably going to go the confident pre-filing path. According to the study, the following companies were involved: Kotak Mahindra Capital, Citi, Axis Capital, JP Morgan, HSBC Securities, ICICI Securities, IIFL Capital, BNP Paribas, SBI Capital, and HDFC Bank.