New Delhi, Sep 26 (PTI) Non-banking financial company Tata Capital is set to launch its initial public offering (IPO) on October 6, with people familiar with the matter pegging the issue size at an estimated USD 2 billion (Rs 17,200 crore).

"The bid/offer opens on Monday, October 6, 2025, and closes on Wednesday, October 8, 2025. The anchor investor bidding date shall be Friday, October 3, 2025," according to a disclosure made to the stock exchanges.

The company is eyeing a valuation of around USD 18 billion, the people cited above said.

The proposed IPO of 47.58 crore shares comprises a fresh issue of 21 crore equity shares and an offer for sale (OFS) of 26.58 crore shares.

Under the OFS component, Tata Sons will offload 23 crore shares, while the International Finance Corporation (IF

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