Newsletter
Tata Capital, the NBFC arm of the Tata Group, has filed DRHP with SEBI.
What they do: Tata Capital is a flagship financial services firm offering consumer credit, SME financing, commercial loans, wealth and advisory services.
The deets: Tata Capital’s upcoming IPO marks the Tata Group’s return to public markets after a two-year hiatus, following the listing of Tata Technologies in 2023.
Zoom out: Tata Capital’s filing comes amid a broader pickup in NBFC IPO activity. Larger NBFC like HDB Financial Services held its ₹12,500 crore IPO in late June 2025, debuting at around ₹835, a 13% premium. Together, these moves reflect renewed investor appetite for large non-bank lenders as credit growth stabilizes and funding needs rise.
