Overview
- Tata Capital’s Rs 15,511.87 crore offer opened Oct. 6–8 at Rs 310–326, combining a Rs 6,846 crore fresh issue with an Rs 8,665.87 crore offer for sale.
- LG Electronics India’s Rs 11,607 crore issue opened Oct. 7–9 as a pure offer for sale of 10.18 crore shares priced at Rs 1,080–1,140.
- Day 1 bids for Tata Capital reached 0.39 times overall, with QIBs at 0.52x, NIIs at 0.29x, retail at 0.35x, and the employee tranche at 1.10x, per BSE data.
- Grey‑market indications point to Tata Capital implying roughly 3–4% listing gains versus substantially higher informal premiums for LG India, which traders suggest could exceed 20%; these are unofficial signals.
- Proceeds usage differs: Tata Capital plans to bolster Tier‑1 capital and fund growth, whereas LG India’s sale routes all proceeds to its South Korean parent; tentative listings are Oct. 13 for Tata Capital and Oct. 14 for LG India.