NEW DELHI,: The primary market is set for a busy week as Tata Capital Ltd and LG Electronics India Ltd prepare to launch their initial public offerings (IPOs), together valued at over Rs 27,000 crore.
The twin listings are expected to attract strong investor interest due to their size and the reputation of their parent groups. These IPOs come amid a surge in primary market activity, even as the broader equity market faces challenges. In 2025, 78 companies have already entered the mainboard through maiden public offerings, with several more scheduled this month.
Tata Capital IPO
Tata Capital’s Rs 15,512 crore IPO—the largest of the year—will open for subscription on October 6 and close on October 8. The issue comprises a fresh issue of 21 crore shares and an offer for sale (OFS) of 26.58 crore shares. At the top of the Rs 310–326 per share price band, the non-banking financial company is valued at around Rs 1.38 lakh crore.
Under the OFS, Tata Sons will sell 23 crore shares, while the International Finance Corporation (IFC) will divest 3.58 crore shares. Proceeds from the fresh issue will strengthen Tata Capital’s Tier-1 capital base to support future growth and lending operations. Currently, Tata Sons holds an 88.6% stake, and IFC owns 1.8%.
For FY25, Tata Capital posted a profit after tax of Rs 3,655 crore, up from Rs 3,327 crore in FY24, while revenue rose to Rs 28,313 crore from Rs 18,175 crore a year earlier.
LG Electronics India IPO
LG Electronics India Ltd, the Indian arm of South Korea’s LG Group, will open its Rs 11,607 crore IPO from October 7 to October 9. This marks the second South Korean firm to list in India after Hyundai Motors India last year. LG’s IPO will be the third-largest of 2025, following Tata Capital and HDB Financial Services’ Rs 12,500 crore listing in June.
The IPO is entirely an OFS of 10.18 crore shares, representing a 15% stake, meaning proceeds will go entirely to the South Korea-based parent and not the Indian subsidiary. The price band is Rs 1,080–1,140 per share, valuing the company at about Rs 77,400 crore.
LG Electronics India is a leading consumer electronics and home appliances manufacturer, producing washing machines, refrigerators, LED TVs, air conditioners, and microwaves at its Noida and Pune plants. For FY25, revenue rose to Rs 24,366.64 crore from Rs 21,352 crore, and net profit increased to Rs 2,203 crore from Rs 1,511 crore.
Tata Capital’s shares are expected to list on October 13, while LG Electronics India’s shares are likely to debut on October 14.
Apart from these two major IPOs, Rubicon Research’s Rs 1,377.5 crore public issue opens on October 9, and WeWork India Management’s Rs 3,000 crore IPO is currently underway.
