Tata Capital IPO: Upcoming Insights

Tata Capital is now aiming to become India’s fourth-largest NBFC by market cap, following Bajaj Finance, Bajaj Finserv, and Jio Financial Services, riding on strong sector sentiment. 

This Positions Tata Capital as India’s 4th largest NBFC by valuation and market buzz fueled by a successful recent rights issue and strong financials. 

Tata Investment shares jumped ~6% post updated DRHP filing. 

• $18–$20 Bn valuation target (~₹1.67 lakh Cr) vs. initial $11 B aspiration
  
• ​$2.2 billion to be raised via a mix of fresh issue & OFS
  
• 23 Cr shares being sold by Tata Sons + 3.58 Cr by IFC, plus up to 21 Cr fresh shares