Tata Capital files confidential DRHP for mega Rs 15,000 crore IPO

Synopsis

Tata Capital has filed preliminary papers for a Rs 15,000 crore positive IPO with Sebi, aiming to database shares by September 2025. The IPO volition see caller shares and involvement income from Tata Sons. Tata Capital showed important fiscal maturation with a gross leap of 34% successful FY24.

Financial services steadfast Tata Capital has filed preliminary papers for Rs 15,000 crore positive IPO nether the confidential pre-filing way with markets regulator Sebi. The mega IPO volition comprise some issuance of caller shares arsenic good arsenic offloading of involvement by Tata Sons, which owns 93% equity involvement successful Tata Capital.

Tata Capital, identified arsenic an upper-layer non-banking concern company (NBFC) by the Reserve Bank of India (RBI), already received its committee support to interval the IPO which whitethorn comprise 2.3 crore equity shares by mode of a caller contented and an connection of merchantability (OFS) by definite existing shareholders, according to a disclosure made to banal exchanges earlier.

According to RBI's rules, Tata Sons and Tata Capital are treated arsenic precocious furniture NBFCs and are required to database shares by September 2025.

If successful, this would beryllium 1 of the biggest archetypal stock income successful the country's fiscal sector. This would besides beryllium the Tata Group's 2nd nationalist marketplace debut successful caller years aft the listing of Tata Technologies successful November 2023.

In FY24, Tata Capital reported a gross of Rs 18,178 crore, a 34% leap implicit FY23. The company's indebtedness publication crossed Rs 1 lakh crore with a maturation of 40% YoY and the profits were highest ever astatine Rs 3,150 crore.

For the archetypal fractional of the existent fiscal, the maturation momentum continued with nett increasing 21% to Rs 1,825 crore.

Tata Capital is simply a flagship fiscal services institution of the Tata Group and a subsidiary of Tata Sons, which carries connected concern arsenic a non-banking fiscal company.

Tata Capital and its subsidiaries are engaged successful providing a wide array of services successful the fiscal services assemblage and run crossed assorted areas of concern including commercialized finance, user loans, wealthiness services and organisation and selling of Tata cards.

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