On Diwali, IPOs of Tata Capital and LG Electronics can make a splash.
India’s capital markets are ready to make a bang in October. There is also a reason for that. Tata Capital and LG Electronics are preparing to bring IPOs worth Rs 32,000 crore. Both these IPOs will be the biggest IPO of the current year. Also, it will be interesting to see if investors want to invest in big IPOs during the Diwali season.
According to experts in the media report, Tata Group’s financial service company Tata Capital is preparing to bring its IPO in the first fortnight of October. This IPO is said to be 17 thousand crores. At the same time, South Korea’s LG Electronics can bring an IPO of Rs 15,000 crore from its Indian branch. Let us also give you detailed information about these two IPOs.
IPO of Tata Capital
Tata Capital offer will include a new issue of about 21 crore shares and OFS OFS of 26.58 crore shares, after which the total size of the total shares will be 47.58 crore. Tata Sons is expected to sell 2.3 crore shares, while the International Finance Corporation (IFC) can sell 3.58 crore shares. Tata Sons currently holds 88.6 per cent stake in the company, while IFC holds a 1.8 per cent stake.
The Reserve Bank of India had directed a large non-banking finance companies like Tata Capital to be listed by September to increase transparency and reduce systematic risk. Sources said that the regulator has given additional time to the company for preparation. The amount received from the new issue will be used to strengthen Tier-1 capital and support loan growth.
This will be the first IPO of Tata Group in two years and Hyundai Motor India will have the largest IPO in the country after Hyundai Motor India’s IPO of Rs 27,870 crore in 2024. No official statement has been revealed from Tata Capital yet. Non-listed shares of Tata Capital were trading at Rs 785 per share on Friday, which is about 28 per cent less than the highest level of Rs 1,095 in October 2024.
IPO of LG Electronics
The IPO of Rs 15,000 crore of LG Electronics is expected to open in early October after receiving the approval of the Securities and Exchange Board of India (SEBI) earlier this year. The South Korean company will sell about 10.2 crore shares or 15 per cent stake in its Indian unit.
A banker, aware of this scheme, said in an ET report that the company was waiting for the market conditions to stabilize before launching this IPO, and is now accepting October as the right time for it.
Morgan Stanley India, JP Morgan India, Axis Capital, Bofa Securities India and Citigroup Global Markets India are its book-hanging lead managers. After Hyundai’s bang debut in last October, this will be the second largest issue of a Korean company in India.
And IPOs are also in the pipeline
LG and Tata Capital IPOs are making this year even stronger. So far, about 30 IPOs have raised more than 60,000 crore rupees in 2025, out of which HDB Financial Services is at the forefront of Rs 12,500 crore. After this, Rs 70,000 crore and IPO is expected to come for Rs 70,000 crore including Grow, Misho, Phonepe, Boat, Wework India, Lenskart, Shadowax and Physics Walaah. With the arrival of many big IPOs during the festive season, October will test how much investors in India’s highly warm primary market can increase.