Tata Capital had its market introduction on October 13, 2025, and although completely subscribed, the event was still just a bit overshadowed by a reluctant investor’s enthusiasm. It was a success, but the listing was not accompanied by the kinds of fireworks that are sometimes associated with headline floatations.
The size of the deal was $1.75 billion before the listing, which made it the largest IPO in India for 2025 till now (Figma IPO
Through a mix of new equity issuance and an offer for sale by current shareholders, Tata Capital had sought a valuation of up to $15 billion. Shares crawled up slightly as trading got underway, listing at ₹330 against the ₹326 offering price for around 1.2 %. That gave the business a market value near $15.78 billion (nearly ₹1.4 trillion). Tata Capital’s premium listing was met with some negative comments because the expectations were thought to be set too high in comparison with competitors like Bajaj Finance
Besides the fears regarding the high valuation, there were also concerns that other factors, like the very successful LG Electronics India IPO Tata Capital
