Tata Investment shares hit fresh record high ahead of Tata Capital IPO

Continuing its winning streak for the fifth straight session, shares of Tata Investment Corporation rallied up to 12% to hit a fresh record high on Friday, ahead of the opening of Tata Capital’s initial public offering (IPO) next week.

Tata Investment shares surged as much as 11.89% to touch a new all-time high of ₹11,840 apiece in early trade on the BSE today. The Tata Group stock has jumped 35% since September 26, when Tata Capital announced its IPO details. The stock price has also doubled from its 52-week low of ₹5,147.15, touched on February 17, 2025.

However, paring early gains, shares of Tata Investment were trading lower by 4% at ₹10,152 on the BSE, while its market capitalisation dropped to ₹51,364 crore.

Tata Investment shares gained momentum amid rising excitement over Tata Capital’s upcoming IPO. The company holds around a 2.1% stake in the NBFC, while Tata Sons remains the primary shareholder with an 88.6% holding.

Tata Capital, the financial services arm of the Tata Group, looks to raise ₹15,512 crore via IPO route, at a price band of ₹310-326 per share. At the upper end of the issue price, the market value of the company is pegged at around ₹1.38 lakh crore (or $16 billion). The anchor book size is estimated to be around ₹4,642 crore.

The highly anticipated IPO will open for bidding on October 6 and close on October 8. The anchor book will open for a day on October 3, while Tata Capital shares are expected to debut on the BSE and NSE on October 13.

The recent rally in Tata Investment shares was also attributed to its stock split announcement. Last week, the company’s board approved its first-ever stock split in the proportion of 1:10 on September 22.

Tata Investment, which serves as the investment manager for Tata Mutual Funds, is subdividing its equity shares to make them more accessible to enhance liquidity and broaden the retail shareholder base.

On August 4, 2025, the company announced that its board had approved splitting each existing equity share with a face value of ₹10 into ten fully paid-up shares of ₹1 each (1:10 ratio), subject to shareholder approval and regulatory clearances.

The board gave the green light to the stock split plan on September 22, and the company has set October 14, 2025, as the ‘Record Date’ to determine shareholder eligibility for the subdivision.

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