Tata Sons-backed non-banking financial company (NBFC), Tata Capital Ltd, has set a price band of Rs 310 to Rs 326 per equity share for its over Rs 15,000 crore initial public offering (IPO). It is also the second public offering from the Tata Group in nearly two decades, following Tata Technologies’ Rs 3,043 crore IPO in November 2023. The Reserve Bank of India (RBI) has classified Tata Capital as a systemically important NBFC, which requires stricter regulatory adherence. As per the RBI regulations, Tata Capital was required to get listed by September 30, 2025.Who is selling in the IPO? Post IPO, Tata Sons ownership in the company will come down to nearly 78 per cent.