Tata Capital’s ₹17,200 Cr Mega IPO Set to Rock Indian Markets – Biggest Financial Sector Listing Ever?

Mumbai(The Uttam Hindu):– Investors in the Indian stock market are gearing up for what could be a landmark moment in the financial sector. Tata Capital, the financial services powerhouse of the Tata Group, is all set to launch its highly awaited Initial Public Offering (IPO) on September 22, with listing expected by September 30.

Backed by a massive fundraising target of ₹17,200 crore ($2 billion), this IPO could become India’s largest financial sector listing ever. The offering will include 47.58 crore shares, with 21 crore fresh issues and 26.58 crore shares under Offer For Sale (OFS). Promoter Tata Sons will offload 23 crore shares, while IFC (International Finance Corporation) will sell 3.58 crore shares.

This IPO isn’t just strategic—it’s regulatory. Tata Capital was classified as an Upper Layer NBFC by RBI in 2022, mandating it to go public within three years.

Investor interest has been fueled by Tata Capital’s robust Q1 FY26 earnings: net profit more than doubled to ₹1,040.93 crore, and total income rose to ₹7,691.65 crore. The IPO is being managed by an elite team of bankers: Kotak Mahindra Capital, HDFC Bank, ICICI Securities, Citigroup, SBI Capital, and JP Morgan.