Tata Capital Looks To Raise The Stakes With $11 Billion Valuation In IPO

Tata Capital is set to make waves in the financial markets with its highly anticipated initial public offering (IPO). Last week, the company's board approved the listing of up to 230 million shares, along with an offer for sale (OFS) by existing shareholders. Additionally, Tata Capital has announced a rights issue of up to Rs 1,504 crore, signalling strong growth ambitions.

As Tata Capital gears up for the offering, it is reportedly eyeing a record valuation of $11 billion, according to Bloomberg. If successful, this would mark one of the biggest IPOs in India's financial sector.

A Major Milestone For Tata Group

Tata Capital, a popular non-banking financial company (NBFC), specializes in providing loans and financial services to individuals and businesses with limited access to traditional banking. With a network of over 900 branches across India, the company plays a vital role in expanding financial inclusion.

Notably, this IPO would be the first public listing of a Tata Group company since the blockbuster debut of Tata Technologies in 2023, which was oversubscribed 69 times and saw a stellar market debut.

According to reports, the IPO size is estimated to be around Rs 15,000 crore, though the company has yet to reveal specific details about the issue. Tata Capital's listing is also crucial for regulatory compliance, as the Reserve Bank of India (RBI) mandates upper-tier NBFCs to be publicly traded.

India's IPO Boom In 2025: Other Major Companies Preparing To List

The year 2025 is shaping up to be a landmark period for IPOs in India, with several high-profile companies preparing to go public. Some of the most anticipated offerings include

1. LG Electronics India

The Indian unit of LG Electronics is planning an IPO in 2025, with an estimated fundraising of $1.5 billion.

The South Korean electronics giant aims to expand its footprint in the Indian market through this public offering.

2. PhonePe

Digital payments giant PhonePe is reportedly seeking a massive $15 billion valuation for its IPO.

The company has already lined up four investment bankers to manage its listing, according to media reports.

2025 also marks PhonePe's 10th anniversary, and as part of its IPO strategy, it has redomiciled from Singapore to India.

3. Prudential Plc's Indian Unit

British financial services company Prudential Plc has hired banks for a potential $1 billion IPO of its Indian arm.
The listing is expected to boost Prudential's presence in India's fast-growing insurance market.

4. Ather Energy

The electric vehicle (EV) manufacturer Ather Energy is preparing for an IPO comprising a fresh issue worth Rs 3,100 crore and an offer-for-sale (OFS) of 2.2 crore shares.

The company received SEBI approval in December 2024 and is expected to announce further IPO details soon.

5. Reliance Jio

The highly anticipated Reliance Jio Infocomm Ltd IPO is expected to launch in Q2 or Q3 of 2025.

A subsidiary of Jio Platforms Ltd and the telecom arm of Reliance Industries, the company is aiming to raise a staggering Rs 40,000 crore through its maiden share sale.

Reports suggest that Reliance Jio could be valued at nearly $120 billion, equivalent to Rs 10 lakh crore, making it India's largest IPO to date.