RS 32,000 crore festive IPO -BOEM? LG Electronics, Tata Capital to test investor Eetpetite this diwali

The capital markets of India are set on a blockbuster October, with Tata Capital and LG Electronics that were in line with the value of a combined RS 32,000 crore, tests or investors still have a hunger for mega problems after a record of fund season.

Tata Capital, the Financial Services Arm of the Tata Group, is preparing to launch his IPO in the first half of October, people who are familiar with the case told the Economic Times, in what could yield 17,000 crore. Around the same time it is expected that the LG electronics of South Korea will float the IPO of RS 15,000 crore from its Indian arm, making it the biggest problem of 2025 so far.

Tata Capital IPO

The Tata Capital offer will consist of a new issue of approximately 210 million shares and an offer for sale (OFS) of 265.8 million shares, which means that the total size is brought to 475.8 million shares. Tata Sons is expected to sell a maximum of 23 million shares, while International Finance Corporation (IFC) could load up to 35.8 million shares. Tata Sons currently owns 88.6% in the company, with IFC possessing 1.8%.

The reserve Bank of India had controlled large non-bank financing companies such as TATA Capital to mention by September to increase transparency and to reduce systemic risks. Sources said the regulator gave the company extra time to prepare. Funds from the new issue will be used to strengthen tier-i capital and to support the growth of lending.

This would mark the first IPO of the Tata Group in two years and the largest in the country since the RS 27,870-crore issue of Hyundai Motor India in 2024. An e-mail sent to Tata Capital Steing Comment remained unanswered until the Perstate time.

On Friday, unattended shares of Tata Capital were traded on RS 785 each on Friday, about 28% below the RS 1,095 peak hit in October 2024.

LG Electronics IPO

The issue of RS 15,000 crore from LG Electronics is expected to be opened at the beginning of October upon receipt of the approval of the Securities and Exchange Board of India earlier this year. The South Korean company will sell around 10.2 Crore shares, or an interest of 15%, in its Indian unit. “The company waited for market conditions to stabilize before the issue launched, and it now sees October as the right window,” a banker told ET.

Morgan Stanley India, JP Morgan India, Axis Capital, Bofa Securities India and Citigroup Global Markets India are the book runners. E -mails sent to the company and the bankers remained unanswered.

This will be the second largest selection of a Korean company in India, after the blockbuster debut of Hyundai last October.

IPO pipeline

The problems of LG and Tata Capital contribute to what has already been a robust year. Almost 30 IPOs have so far raised more than RS 60,000 crore, led by the range of RS 12,500 crore from HDB Financial Services. Another RS ​​70,000 crore of problems, including Groww, Mesho, Phonepe, Boat, Wework India, Lenskart, Shadowfax and Physics Wallah, are expected to follow.

With a party season line-up of high-profile offers, October will be a test of how far the risky appetite of investors can extend in the overheated primary market of India.

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(Disclaimer: recommendations, suggestions, views and opinions of the experts are their own. These do not represent the views of economic times)