Tata Capital is preparing for one of the largest public issues and the biggest NBFC listing in India this year, aiming to raise around ₹15,512 crore. The offering will be a combination of fresh equity shares and an offer for sale (OFS) by existing shareholders. The company has fixed the price band at ₹310–₹326 per share.
The fresh issue portion, worth about ₹6,946 crore, will be used to strengthen its capital base and fuel lending growth, while the OFS component will provide partial exits to promoters including Tata Sons.
WeWork India Management’s IPO, in contrast, is valued at around ₹3,000 crore and will be entirely an OFS. Existing shareholders, including Embassy Buildcon LLP and investor 1 Ariel Way Tenant Ltd (part of WeWork Global), will offload up to 4.63 crore shares at a price