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Dalal Street Set for Packed IPO Week With Tata Capital and LG Electronics Listings

Overlapping debuts concentrate trading into a single week, with Midwest launching the only new mainboard offer.

Overview

  • Tata Capital lists on October 13, followed by LG Electronics India on October 14, kicking off a run of six major debuts through October 17.
  • Rubicon Research and Canara Robeco Asset Management are slated to list on October 16, with Canara HSBC Life Insurance and Anantam Highways InvIT set for October 17.
  • Midwest Ltd. opens its Rs 451 crore mainboard IPO for subscription from October 15 to 17, comprising a Rs 250 crore fresh issue and a Rs 201 crore offer for sale.
  • Midwest plans to allocate Rs 130 crore for subsidiary capex, Rs 26 crore for electric dump trucks, Rs 56 crore for debt repayment, and Rs 3.2 crore for solar integration, according to its prospectus.
  • Subscription windows from earlier launches close early in the week, including Rubicon Research and Canara Robeco AMC on October 13 and Canara HSBC Life Insurance on October 14, while reports flagged strong investor demand for LG’s offer.