Tata Capital IPO gets SEBI approval

Tata Capital, the non-banking financial arm of the Tata Group, received SEBI’s approval to move forward with its planned IPO to raise approximately $2 billion. This is expected to be the biggest listing of the year.

FY25 Highlights:

• Consolidated PAT: ₹3,655 crore (up from ₹3,327 crore in FY24)
• Core business revenue: ₹28,370 cr (up from ₹18,198 cr in FY24)

The bigger picture: Tata Capital's green light comes amid a broader IPO momentum. HDB Financial Services (HDFC Group) also secured SEBI approval, and Hero FinCorp is progressing with its own listing plans, signaling a strong year ahead for financial sector IPOs.