Market is preparing up for a busy week with two major initial public offerings (IPOs) — Tata Capital Ltd and LG Electronics India Ltd — collectively valued at over Rs 27,000 crore. The twin issues are expected to attract strong investor interest given the scale of the offerings and the stature of their parent groups.
The Tata Capital IPO, the largest of 2025, will open for subscription on October 6 and close on October 8. The Rs 15,512 crore offering comprises a fresh issue of 21 crore shares and an offer for sale (OFS) of 26.58 crore shares. At the upper end of the Rs 310–Rs 326 price band, the non-banking financial company is valued at around Rs 1.38 lakh crore. Under the OFS, Tata Sons will offload 23 crore shares, while the International Finance Corporation (IFC) will divest 3.58 crore shares.
The fresh issue proceeds will strengthen Tata Capital’s Tier-1 capital base to support future growth. Tata Sons currently holds an 88.6 per cent stake, with IFC owning 1.8 per cent.
For FY25, Tata Capital reported a profit after tax of Rs 3,655 crore, up from Rs 3,327 crore in FY24, while revenue surged to Rs 28,313 crore from Rs 18,175 crore a year earlier. The shares are expected to list on October 13.
Following closely, LG Electronics India will open its Rs 11,607 crore IPO for subscription from 7 October to 9 October. The offering, entirely an OFS of 10.18 crore shares representing a 15 per cent stake, will not bring in any proceeds to the Indian unit, with all funds going to the South Korea–based parent. The price band has been set at Rs 1,080-Rs 1,140 per share, valuing the company at around Rs 77,400 crore.
LG Electronics India, a leading consumer electronics and home appliances manufacturer with plants in Noida and Pune, reported revenue of Rs 24,366.64 crore in FY25, up from Rs 21,352 crore, and net profit of Rs 2,203 crore, up from Rs 1,511 crore. The shares are expected to list on 14 October.
This growth in primary market activity comes amid a broader struggling equity market, with 78 companies already tapping the mainboard market through maiden public offerings in 2025. Apart from these two mega IPOs, Rubicon Research’s Rs 1,377.5 crore public issue opens on 9 October, while WeWork India Management’s Rs 3,000 crore public offering is underway. |
