Kolkata: This week could be the most remarkable on Dalal Street in 2025. Two of the most eagerly awaited IPOs of this year, Tata Capital IPO and LG Electronics IPO, will be thrown open for bidding to the investors on Monday and Tuesday respectively. Both news issues will be tilted heavily towards OFS shares with LG Electronics selling only OFS shares while for Tata Capital, the OFS segment will be bigger than the number of fresh shares issued. Tata Capital is the biggest IPO in 2025.
Tata Capital, the non-banking finance arm of the Tata Group, has triggered quite a frenzy among anchor investors, who have scrambled to pick up the shares, and the company witnessed almost 500% of the amount earmarked for them. The IPO mobilized as much as Rs 4,642 crore from 68 domestic and global institutional investors. The list included LIC, ICICI Prudential Mutual Fund (MF), Nippon India MF, Motilal Oswal MF, Amansa Holdings, Nomura, Morgan Stanley, Government Pension Fund Global and Goldman Sachs.
Tata Capital IPO
IPO size: Rs 15,511.87 crore
Fresh Shares: 21.00 crore
OFS shares: 26.58 crore
IPO opens: October 6
IPO closes: October 8
GMP (Morning of October 5): Rs 9
Listing gain indicated: 2.76%
Price band: Rs 310-326
Minimum lot size (retail investor): 46
Minimum application money (upper end of price band): Rs 14,996
Allotment date: October 9
Listing date: October 13
Lead manager: Kotak Mahindra Capital
Registrar: MUFG Intime India
LG Electronics IPO
IPO size: Rs 11,607.01 crore
Fresh Shares: Nil
OFS shares: 10.18 crore
IPO opens: October 7
IPO closes: October 9
GMP (Morning of October 5): Rs 228
Listing gain indicated: 20%
Price band: Rs 1,080-1,140
Minimum lot size (retail investor): 13
Minimum application money (upper end of price band): Rs 14,820
Allotment date: October 10
Listing date: October 14
Lead manager: Morgan Stanley India
Registrar: Kfin Technologies
Tata Capital GMP, LG Electronics GMP
The Tata Capital GMP has witnessed a decline in the past few days. According to investorgain data, the GMP of Tata Capital stood at Rs 30 on September 26, Rs 20 (September 27), Rs 28 (September 28), Rs 27 (September 29), Rs 22 (September 30), Rs 20 (October 2), Rs 13 (October 3), Rs 9 (October 4). It stood at Rs 9 on Sunday, a day before the IPO bid starts.
According to investorgain, the LG Electronics IPO GMP stood at the following levels over the past few days: Rs 145 (October 1), Rs (October 1), Rs 146 (October 2), Rs 175 (October 3), Rs 228 (October 1). It stood at Rs 228 on Sunday, two days ahead of the start of the bidding process.
It must be remembered that GMP (Grey Market Premium) is an unofficial indicator which is volatile, changes with time and does not guarantee anything — gain or loss on listing.
(Disclaimer: This article is only meant to provide information. TV9 does not recommend buying or selling shares or subscriptions of any IPO, Mutual Funds, precious metals, commodity, REITs, INVITs, any form of alternative investment instruments and crypto assets.)