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flag Tata Capital's IPO raised $523M, listing at a 1% gain despite merger-related challenges.

flag Tata Capital completed its IPO on October 13, 2025, raising $523 million from institutional investors including LIC and Norway’s sovereign wealth fund, though its stock gained only 1% on debut. flag The listing marks a key step for the Tata Group-backed non-bank lender, which expanded its branch network to 1,516 after merging with Tata Motors Finance. flag Despite a temporary dip in profitability and AUM growth due to the merger, analysts from JM Financial and Emkay Global maintain 'Add' ratings with a Rs 360 target, citing strong credit ratings, low-cost funding, diversified lending, and expected 20% AUM growth through FY27. flag Risks include economic slowdown and elevated credit costs.

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