Tata Capital IPO set to raise Rs 17,200 crore. Worth it?

Tata Capital, the financial arm of the Tata Group, has stepped into the IPO arena, filing its Draft Red Herring Prospectus (DRHP) on Monday (August 4, 2025). More than just a compliance move, this is a defining moment for investors keen to back a fast-growing, systemically important NBFC with the credibility of the Tata name. What’s the Tata Capital IPO about? The IPO involves issuing 47.58 crore shares: Fresh issue: 21 crore shares to raise growth capital Offer for sale: 26.58 crore shares by Tata Sons (23 crore) and IFC (3.58 crore) This offering, pegged at Rs 17,200 crore, could value Tata Capital