Business
IPO Bandwagon Gets Big : Tata Capital Ltd, LG Electronics Join Race To Launch Public Offering Collectively Worth Over Rs 27, 000 Crores
The IPOs come at a time when the Indian market is experiencing a boom in primary market activity, despite a struggling broader equity market.
The primary market is set for a busy week as two major companies, Tata Capital Ltd and LG Electronics India Ltd, gear up to launch their initial public offerings (IPOs), collectively worth more than Rs 27,000 crore.
The twin issues are expected to draw strong investor interest, given their scale and the stature of their parent groups.
According to various media reports, , The IPOs come at a time when the Indian market is experiencing a boom in primary market activity, despite a struggling broader equity market.
In 2025, a total of 78 companies have already tapped the mainboard market through maiden public offerings, and several issues are lined up for this month.
The Rs 15,512 crore Tata Capital IPO, the largest issue of the year, will open for subscription on October 6 and close on October 8. The annoucement was made by Rajiv Sabharwal MD Tata Capital recently.
The 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 to Rs 326 per share price band, the non-banking financial company is valued at around Rs 1.38 lakh crore.
Under the OFS component, Tata Sons will offload 23 crore shares, while the International Finance Corporation (IFC) will divest 3.58 crore shares.
The company has collected Rs 4,642 crore from 68 domestic and global institutional investors, with the anchor book witnessing demand nearly five times higher than the allocated amount, reports PTI.