Tata Capital shares gained over 1% ahead of its Q2 results, reflecting cautious optimism among investors. The stock made its market debut on October 13, 2025, opening at ₹330, slightly above its IPO price of ₹326. Since listing, Tata Capital has traded within a narrow range of ₹319 to ₹336, showing gains in six out of 11 sessions and losses in the remaining five, indicating relatively subdued market activity despite strong investor interest.
Analysts attribute the muted performance to the aggressive IPO pricing, which valued the company richly compared to other listed NBFCs. Tata Capital’s IPO comprised 47.58 crore shares, including 21 crore new shares and 26.58 crore shares offered through an OFS, with Tata Sons selling 23 crore shares and IFC offloading 3.58 crore shares. Currently, Tata Sons holds 88.6% and IFC 1.8% of the company. Proceeds from the IPO are earmarked to bolster the Tier-1 capital base to support future lending and business expansion.
As India’s third-largest diversified NBFC, Tata Capital has seen gross loans grow at a 37.3% CAGR from March 2023 to March 2025. Analysts suggest that while the Tata brand offers long-term confidence, near-term stock movements may remain sideways until the company demonstrates stronger earnings momentum and margin improvement.
