Tata Capital has formally submitted its IPO application to the Securities and Exchange Board of India (Sebi) for a staggering valuation exceeding Rs 15,000 crore. The upcoming initial public offering will comprise the issuance of new shares as well as an offer for sale by Tata Sons, the majority stakeholder holding 93% of the company. Boasting a robust revenue of Rs 18,178 crore and a flourishing loan portfolio, Tata Capital’s foray into the public market is poised to become one of the most significant events in India’s financial sector. This move signifies a major milestone for the renowned financial institution, showcasing its commitment to further expansion and growth within the industry.