Tata Capital IPO: The country’s largest industrial conglomerate Tata Group is planning to list its NBFC company Tata Capital on the stock exchange. Tata Capital’s IPO may come by 2025. On the lines of Mukesh Ambani’s Jio Financial Services, Tata Capital can be listed on the stock exchange.
Mint quoted sources as saying that work is going on to launch an IPO. With the appointment of investment bankers in March 2024, the work of launching IPO will gain further momentum. The board of Tata Capital has been expanded. Under the IPO plan, some group companies have been merged into Tata Capital. Tata Capital can be listed on the stock exchange with a high valuation similar to Jio Financial Services.
According to RBI guidelines, it is very important for upper layer NBFCs to be listed within three years of being notified. On September 14, 2023, the Reserve Bank of India had classified Tata Capital and parent company Tata Sons Limited among a total of 16 upper tier NBFCs.
Tata Sons, the parent company of Tata Group, is also likely to be listed on the stock exchange. Tata Sons also needs to be listed before September 2025. On September 14, RBI had included 15 NBFCs in the upper tier category, which include Tata Sons and Tata Capital.
Tata Technologies, a subsidiary of Tata Motors, is also going to have an IPO soon. Tata Technologies has already received the green signal from SEBI to launch an IPO. With the approval of SEBI, for the first time in two decades, the IPO of a Tata group company is going to be launched. Tata Tata Technologies had filed draft papers with SEBI to launch an IPO in March 2023. In the IPO of Tata Technologies, all the shares will be sold through offer for sale. That means the company’s promoter Tata Motors will sell its stake through IPO.
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