Tata Capital’s unlisted shares surge 46% over last 6 months

Tata Capital’s Unlisted Shares Surge 46% in Last Six Months, IPO Expected By Next Year.

Expert Analysis:

• Share Performance and IPO Expectation: 

  • Unlisted shares of Tata Capital risen over 46% in the last six months, increasing the market cap to $48 billion from  $33 billion.

  • An IPO is expected next year, with RBI classifying it as an upper-layer NBFC.

• Industry Position & Loan Book Size: Tata Capital is now India's third largest diversified NBFC, with a market cap close to Bajaj Finance's $50 billion. Its Loan book size crossed ₹1.5 lakh crore in FY24, with a growth of 35%.

• Financial Performance Highlights: Net profit increased 37% to ₹3150 crore, total income rose 33.4% to ₹18198.4 crore, and net interest income grew 31% Higher at ₹8069 crore.