The Daily Brief Inside India’s biggest NBFC IPO yet
17 snips
Oct 6, 2025 The spotlight shines on Tata Capital's ambitious ₹15,500 crore IPO and the surprising pre-listing price drop. Explore the crucial role of NBFCs in bridging credit gaps through digital innovation. Additionally, delve into a World Bank study revealing insights on India’s healthcare labor market, including workforce distribution, quality challenges, and the significant role of women. Learn about the urban-rural divide in health worker locations and the dynamic future scenarios predicted for the sector by 2035.
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Pre-IPO Prices Can Be Misleading
- Tata Capital's IPO price band sits far below unlisted market prices, exposing pre-IPO investors to steep losses.
- The listing highlights a broader disconnect between private valuations and public-market pricing.
NBFCs Bridged India's Credit Vacuum
- NBFCs filled India's credit gap by lending to underserved retail and MSME segments enabled by digital infrastructure.
- Their assets grew massively and are expected to outpace banks over the next few years.
Three Metrics To Evaluate NBFCs
- When evaluating NBFCs, focus on financing mix, asset quality, and profitability.
- Those three factors determine resilience to rate changes and credit stress.