Tata Capital IPO GMP Live: Gets 58% Bids On Day 2 – Check Grey Market Buzz, Here’s What You Need to Know

Tata Capital ipo gmp Live Updates:
As the flagship financial services arm of the Tata Group, Tata Capital is India’s third-largest diversified NBFC, with gross loans of Rs 2.33 lakh crore as of June 30, 2025.
Between March 2023 and March 2025, the company’s loan book grew at a CAGR of 37.3%, outpacing most peers. Its asset quality remains strong, with a gross Stage 3 loan ratio of 2.1% and a provision coverage ratio of 53.9% — among the best in the sector.

Since beginning operations in 2007, Tata Capital has served 7.3 million customers, with 88% of its loan portfolio in retail and SME segments.

Key IPO Details
Price Band: Rs 310–Rs 326 per share
Lot Size: 46 shares (Minimum investment Rs 14,260 for retail investors)
Issue Size: 47.58 crore shares (21 crore fresh issue + 26.58 crore offer for sale)
Selling Shareholders: Tata Sons (23 crore shares) and International Finance Corporation (3.58 crore shares)

Proceeds from the fresh issue will be used to augment Tata Capital’s Tier-I capital, supporting future growth and lending requirements.

Analyst View: ‘Subscribe for the Long Term’

Analysts at Anand Rathi highlight Tata Capital’s omni-channel model—covering 1,516 branches, digital platforms, and partner networks—as a key enabler of its growth. Nearly 80% of loans are secured, and 98% are small-ticket, which reduces concentration risk.

The brokerage also notes Tata Capital’s growing reliance on data analytics and digital underwriting tools to improve efficiency and manage credit costs.

On valuation, the IPO appears fully priced. At the upper end of the price band, the company is valued at 32.3 times FY25 earnings and 3.5 times book value, implying a post-issue market capitalisation of approximately Rs 1.38 lakh crore.

“While valuations are on the higher side, Tata Capital’s strong parentage, governance pedigree, and consistent performance make it a solid long-term play,” Anand Rathi said in its report, assigning a ‘Subscribe – Long Term’ rating.

Grey Market Premium (GMP)
In the unlisted market, Tata Capital’s IPO is trading at a grey market premium of Rs 12.5 per share, indicating potential listing gains of 3.38%.
Market experts, however, suggest that the bigger opportunity lies in long-term holding, given India’s expanding credit demand and the company’s strong fundamentals.
For retail investors, the choice depends on investment horizon and risk appetite. Tata Capital’s brand strength, diversified portfolio, and prudent risk management make it a strong long-term candidate.