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3h ago

Tata Capital IPO Closes Near 2x as Allotment Starts, LG Electronics India Draws Heavier Bids

Grey‑market pricing points to a modest Tata Capital debut versus a larger LG Electronics India pop.

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LG Electronics Vs Tata Capital IPO
Tata Capital IPO Allotment Status, GMP Live: The price band is set at Rs 310-326 per share (Image: Canva)

Overview

  • Tata Capital finished the offer 1.95–1.96 times subscribed, led by QIB demand at 3.42x, with NIIs at 1.98x and retail at 1.10x.
  • Share allotment for Tata Capital is slated for October 9 with a tentative listing on October 13, and the latest GMP near Rs 3.5 implies roughly a 1% listing gain.
  • The Rs 15,512 crore Tata Capital issue mixed a Rs 6,846 crore fresh raise with an OFS by Tata Sons and IFC, with fresh proceeds earmarked to augment Tier‑I capital for lending growth.
  • LG Electronics India’s Rs 11,607 crore IPO was subscribed about 3.7 times by the morning of October 9, including 2.60x from QIBs, 9.07x from NIIs and 2.04x from retail, ahead of closure today.
  • LG’s grey‑market premium hovered around Rs 300, implying an expected listing price near Rs 1,440 (~26%), with allotment due October 10 and a planned October 14 listing; GMPs are informal and can be volatile.