Rajiv Sabharwal On Tata Capital IPO: Growth Focus, Unlisted Shares Not Tracked

Tata Capital is set to raise over ₹15,500 crore in its first IPO since 2023, with a price band of ₹310–326 per share. MD & CEO Rajiv Sabharwal says the company plans to deploy the funds across multiple “hero” products rather than a single segment, with housing leading the retail book, followed by consumer and SME lending. About 88–89% of the lending portfolio is retail, with unsecured loans accounting for just 11%, making the book granular and diversified. On concerns about unlisted shares bought at higher valuations, Sabharwal emphasized that the company does not track the unlisted market and has always been consistent with its approach when raising new funds.