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4h ago

Tata Capital IPO Closes Fully Subscribed as LG Electronics India Draws Heavy Bids

Grey‑market signals point to a larger listing pop for LG, with Tata Capital indicating modest gains.

LG Electronics India IPO GMP
LG Electronics Vs Tata Capital IPO
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The SME Board will also see its fair share of action with five IPOs making their debut.

Overview

  • Tata Capital’s Rs 15,512 crore offering finished fully subscribed on the final day, with NSE data showing 35.49 crore bids against 33.34 crore shares and stronger interest from institutions than retail.
  • By category for Tata Capital, QIBs subscribed about 1.28 times, NIIs 1.22 times, and retail 0.87 times; shares are slated to list on Oct. 13 at a price band of Rs 310–326.
  • LG Electronics India’s Rs 11,607 crore IPO was fully subscribed on Day 1 and topped 2 times during Day 2, led by robust non‑institutional and improving retail demand; listing is scheduled for Oct. 14 within a Rs 1,080–1,140 band.
  • Offer structures diverge, with LG a pure offer‑for‑sale of about 10.18 crore shares by the South Korean parent, while Tata Capital combines a Rs 6,846 crore fresh issue to bolster Tier‑1 capital with an OFS by Tata Sons and IFC.
  • Grey‑market premiums tracked by InvestorGain showed LG at roughly Rs 298–305 (implying about 25–27% listing gains) and Tata Capital at around Rs 6–7 (about 1–2%), which are informal indicators rather than official guidance.