Business
Tata Capital IPO GMP: Rs 17,200 Crore Issue To Open On October 06; Check Details
Last Updated:
Tata Capital IPO opens October 6, 2025, aiming for a Rs 17,200 crore issue and Rs 18 billion valuation. Price band has yet to be finalised, but GMP of unlisted shares in focus.
Tata Capital IPO to open between October 06 and October 08.
Tata Capital IPO GMP: Tata Capital, the non-banking financial arm of the Tata Group, is set to launch its initial public offering (IPO) on Monday, October 06, 2025. The issue size has been pegged at around $2 billion (Rs 17,200 crore), with the company eyeing a valuation of nearly $18 billion. The public issue will be closed for subscription on Wednesday, October 8, 2025.
The price band for the Tata Capital IPO hasn’t been finalized yet, but unlisted shares have begun trading in the gray market.
The proposed issue comprises a total of 47.58 crore shares, including a fresh issue of 21 crore equity shares and an offer for sale (OFS) of 26.58 crore shares.
Tata Sons, which currently holds an 88.6% stake in Tata Capital, will offload about 23 crore shares.
International Finance Corporation (IFC), which owns 1.8%, will sell 3.58 crore shares.
Proceeds from the fresh issue will be used to bolster Tata Capital’s Tier-1 capital base, helping the NBFC meet future capital requirements, including lending operations.
In August, Tata Capital launched a series of institutional roadshows to engage both global and domestic investors. The move follows the shadow bank’s filing of an updated Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on August 4.
Tata Capital IPO GMP
According to investorgain.com, the gray market premium for unlisted shares of Tata Capital is currently Rs 20.5. The gray market is an unauthorized market where a company’s shares trade before their listing.
The GMP is based on market sentiments and keeps changing. ‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
This IPO comes as part of the Reserve Bank of India’s mandate, which requires all upper-layer NBFCs to be listed within three years of classification. Tata Capital was identified as an upper-layer NBFC in September 2022.
The move mirrors similar listings in the sector. HDB Financial Services went public in June 2025 with a Rs 12,500 crore issue, while Bajaj Housing Finance made a blockbuster debut in September 2024, doubling investors’ money on listing day with a 135% premium.
Tata Capital Business and Financials
Founded in 2007, Tata Capital today serves over 70 lakh customers with a wide portfolio of more than 25 lending products, catering to individuals, SMEs, entrepreneurs and corporates. Apart from lending, it also distributes third-party products like insurance and credit cards, provides wealth management services, and acts as a sponsor and investment manager for private equity funds.
For FY25, Tata Capital reported a profit after tax (PAT) of Rs 3,655 crore, compared to Rs 3,327 crore in the previous year. Its revenue jumped to Rs 28,313 crore in FY25, up from Rs 18,175 crore in FY24.
The IPO is being managed by a strong line-up of book-running lead managers, including Axis Capital, Kotak Mahindra Capital, BNP Paribas, HDFC Bank, HSBC Securities, Citigroup Global Markets, ICICI Securities, IIFL Capital, SBI Capital Markets and J P Morgan India.

Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More
September 28, 2025, 16:44 IST
Read More
Business
SoftBank reduces Ola Electric stake to 13.5% from 15.6% – The Times of India
BENGALURU: Masayoshi Son-led SoftBank Group pared its holding in Ola Electric Mobility to 13.5% from 15.6%, in what appears like a staggered exit from the electric 2-wheeler maker that was once among its marquee India bets. SVF II Ostrich (DE), a SoftBank affiliate and Ola Electric’s second-largest shareholder after founder Bhavish Aggarwal, sold 9.4 crore shares through open market transactions between Sept 3, 2025, and Jan 5, 2026, according to a regulatory filing.
Business
Debt charities report January spike in calls as worries mount
Kevin PeacheyCost of living correspondent
Getty ImagesDebt charities say they are receiving an influx of calls as people worry their financial situation has slipped towards becoming unmanageable.
The first weeks of January are usually the busiest time of year for helplines following a particularly expensive period.
Advice charity StepChange said Monday was busier than any single day last year, and credit counselling service Money Wellness said a fifth of those accessing its services at the turn of the year did so between 22:00 and 03:00.
Dave Murphy is working his way out of debt and said demands from creditors could have become overwhelming, but he urged anyone struggling to ensure they asked for help – for their financial and mental wellbeing.
Money Wellness, which runs free debt and money advice services, said thousands of people had accessed its services on Christmas Eve and Christmas Day. Expanded assistance online allows people to increasingly find information outside of normal hours – including overnight.
Sebrina McCullough, its head of advice, said: “The numbers we’re seeing over Christmas and New Year are unprecedented.
“People often feel pressure to celebrate the holidays, even when money is tight, and our data shows many are turning to us late at night when they feel most anxious.”
Pressure of priority bills
StepChange’s website had 3,958 visitors on Christmas Day, and 15,401 on New Year’s Eve and 1 January combined.
Many may have simply been exploring their options, but calls came in thick and fast at the start of the month. While not at the level of the energy crisis of a few years ago, call numbers were notably up on last year.
The Money Advice Trust, which runs National Debtline, said the first working days of January had seen more calls than last year.
Monday was the busiest single day in its history, when 1,365 calls came in.
Concerns are particularly acute for those struggling to pay priority bills such as council tax and rent.
The colder weather could also place extra strain on vulnerable households, with £4.4bn already owed to energy suppliers following a period of high prices, although the government’s cold weather payments have been triggered in many areas.
Charities are urging anyone whose debt has become unmanageable to seek help as soon as possible, rather than making matters worse by ignoring the situation.
That is a view shared by Dave, who has managed to work his way out of difficulty.
A few years ago, he found his previously manageable credit card debt becoming a problem when he was unexpectedly made redundant at the same time as going through a divorce.

“They were two quite dramatic things in six months,” said Dave, who has previously spoken to the BBC about his debt issues.
“The debt was around £20,000 to £25,000 at its height. It became so overwhelming. You feel that you are letting creditors down because you want to do what they ask of you – but you are scared, you are renting, and at times you struggle to get through each day.
“Once you are in a spiral, it is really hard to get out of it.”
He is now working in insurance, his debts are manageable and being paid off, and he said he wanted to help others “to show that you can get through these things”.
Figures published earlier in the week by the Bank of England fuelled concerns that everyday costs were becoming harder for some households to manage without turning to borrowing.
The data showed that credit card borrowing grew at the fastest annual rate in nearly two years in the run-up to Christmas.
The annual growth rate for credit card borrowing increased to 12.1% in November, from 10.9% the previous month – the highest figure since January 2024 when it was 12.5%.
Business
Government urged to make nutrition labels on front of food packaging mandatory
Nutrition labels on the front of food packaging should be made mandatory in the UK, according to a consumer champion.
Which? called on the Government to make the change amid what it described as an “obesity crisis”.
A “better approach” is needed to help people make healthier choices, it said.
It comes after research by the group found shoppers prefer traffic light labelling, although they said it could be improved with more prominent placing and increased size.
Traffic light labelling on food packaging was introduced in 2013 and uses green (low), amber (medium), and red (high) colours to show fat, saturated fat, sugar, and salt content, plus calories.
The system is not mandatory in the UK, although it is voluntarily used by major manufacturers and retailers.
However, according to Which? the system is used inconsistently.
It claims some shops do not include traffic light labelling, or provide it without colour coding.
Research by Which? captured insights through the mobile phones of more than 500 shoppers to find out how the traffic light system is working for customers.
A third (33%) said that the nutrition label was the first thing they looked at on the front of a pack.
People most used the traffic light system when choosing snacks (56%), dairy products (33%) and breakfast cereals (27%).
Almost half (47%) said they found this labelling easy to understand.
In focus groups, the traffic light system was the preferred food labelling option, although suggestions to improve it included making it more prominent and larger.
Which? said that people also called for making the scheme easier to understand, such as making the recommended serving size on some products more realistic and consistent.
The consumer champion is now calling on the Government to introduce a mandatory front-of-pack nutrition labelling scheme.
It said this could build on the existing traffic light system to make it work better for shoppers by bolstering consistency, making it more prominent and removing aspects people may find confusing.
Sue Davies, head of food policy at Which?, said: “The UK is in the midst of an obesity crisis and it’s clear that a better approach to front-of-pack labelling is needed to help shoppers make healthier choices.
“Which? is calling on the Government to ensure that all manufacturers and retailers use front of pack nutrition labelling, ideally by making this mandatory.
“Our research shows that people still prefer traffic light nutrition labelling, but that the current scheme needs updating so that it is clearer and simpler and works better for consumers.
“The new system should be backed up with effective enforcement and oversight by the Food Standards Agency and Food Standards Scotland, so shoppers have full trust in the labels on their food.”
In 2022, some 64% of adults in England were estimated to be overweight or living with obesity.
In November it also emerged that one in 10 children in the first year of primary school in England is obese, the highest figure on record outside the pandemic.
It is estimated that obesity costs the NHS more than £11 billion every year.
A Department of Health and Social Care spokesperson said: “This Government is bringing in a modernised food nutrient scoring system to reduce obesity.
“It’s just one element of the strong action we are taking to tackle the obesity crisis as part of our 10 Year Health Plan, which will shift the focus from sickness to prevention.
“We are also restricting advertising of junk food on TV and online, limiting volume price promotions on less healthy foods and introducing mandatory reporting on sales of healthy food.”
Andrea Martinez-Inchausti, assistant director of food at the British Retail Consortium, said: “Retailers have led the way in nutrition labelling, consistently providing advice on healthy living.
“Whether that be through the traffic light system, or other measures, the industry is fully committed to helping improve the health of their customers and are constantly looking for what will work best for them.”
-
Entertainment2 days agoDoes new US food pyramid put too much steak on your plate?
-
Politics2 days agoUK says provided assistance in US-led tanker seizure
-
Sports5 days agoVAR review: Why was Wirtz onside in Premier League, offside in Europe?
-
Politics5 days agoChina’s birth-rate push sputters as couples stay child-free
-
Entertainment2 days agoWhy did Nick Reiner’s lawyer Alan Jackson withdraw from case?
-
Sports5 days agoFACI invites applications for 2026 chess development project | The Express Tribune
-
Sports5 days agoSteelers escape Ravens’ late push, win AFC North title
-
Business5 days agoAldi’s Christmas sales rise to £1.65bn

