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Key Points

Investors are in for a busy week with multiple IPOs hitting the market. Tata Capital is launching the year's biggest IPO aiming to raise Rs 15,500 crore. LG Electronics India follows with an Rs 11,607 crore offer for sale by its South Korean parent. This surge could push the annual IPO fundraising past the Rs 1 lakh crore milestone, making 2024 a record-breaking year for Indian markets.

Key Points: Tata Capital LG Electronics IPOs Raise Rs 28000 Crore Next Week

  • Tata Capital aims to raise Rs 15500 crore in biggest IPO this year
  • LG Electronics India plans Rs 11607 crore offer for sale by parent company
  • 29 companies including SMEs set for stock market debut next week
  • IPO market expected to cross Rs 1 lakh crore milestone for third time
  • Combined Tata and LG issues contribute Rs 27107 crore of total offering
2 min read

IPOs worth Rs 28,000 crore to hit Indian primary market next week

Indian primary market sees Rs 28000 crore IPO rush with Tata Capital's Rs 15500 crore offer and LG Electronics India's Rs 11607 crore share sale opening next week

"The year is turning out to be a blockbuster one for the IPO market - Market Reports"

New Delhi, Oct 4

The investors will have a busy time next week as the initial public offerings (IPOs) of around five companies are set to hit the primary market, to raise a combined amount of over Rs 28,000 crore.

Additionally, 29 companies -- mainboard and SMEs -- will have their debut on domestic exchanges.

Tata Capital, a non-banking financial company of the Tata Group, will float its IPO between October 6 to 8 -- aiming to raise Rs 15,500 crore. Tata Capital's initial share sale is going to be the biggest so far this year. The IPO is a combination of 21 crore fresh shares and 26.58 crore shares as offer for sale (OFS). The Tata Group firms have a fixed price band of Rs 310-Rs 326.

LG Electronics India, the Indian subsidiary of South Korea-based LG, has announced a floating Rs 11,607 crore IPO on October 7-9. The IPO is entirely an offer for sale issue wherein the South Korea-based parent company will be offloading 10.18 crore shares at a price band of Rs 1,080-Rs 1,140.

The two companies will contribute the most in terms of raising capital with a combined issue size of Rs 27,107 crore. Further, many SMEs' IPOs will also open next week.

The year is turning out to be a blockbuster one for the IPO market, with companies already raising close to Rs 85,000 crore through 74 mainboard offerings (as of September). The momentum is picking up speed in October, as upcoming listings will push the total raised amount past the Rs 1 lakh crore milestone for just the third time in history.

Earlier, in 2021 and 2024, the IPO market crossed this threshold. In 2021, companies raised Rs 1.19 lakh crore through 63 IPOs, while in 2024, the figure jumped to Rs 1.6 lakh crore from 91 initial offers.

As per reports, the numbers are expected to surpass all the records this year.

- IANS

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Reader Comments

R
Rohit P
Rs 28,000 crore in one week? That's huge! But I'm a bit concerned about market saturation. So many IPOs together might affect listing gains. Need to be selective.
A
Arjun K
LG Electronics India IPO looks interesting. Korean parent selling shares - hope this brings better technology and innovation to Indian consumers. Will study the DRHP carefully.
S
Sarah B
As an NRI investor, I'm impressed with how India's IPO market is growing. Crossing Rs 1 lakh crore milestone shows strong economic fundamentals. Great time to invest in Indian equities!
V
Vikram M
Small investors like me need to be careful. These big IPOs might drain liquidity from secondary market. SEBI should ensure proper regulation to protect retail investors' interests.
K
Kavya N
Finally some good news for the market! After the recent corrections, these IPOs will bring fresh energy. Tata Capital at Rs 310-326 seems reasonably priced. Time to check my demat account balance! 😊

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