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55m ago

Tata Capital IPO Opens as LG Electronics India Readies Next, Kicking Off Rs 27,000 Crore Week

Brokerages cite solid anchor demand with a preference for long-term holding, cautioning that the sheer supply could mute listing gains.

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Tata Capital IPO vs LG Electronics IPO
Tata Capital IPO

Overview

  • Tata Capital launches its Rs 15,511.87 crore IPO on Oct 6–8 at Rs 310–326 per share, with listing slated for Oct 13 on BSE and NSE.
  • The offer mixes a fresh issue of up to 21 crore shares and an OFS of about 26.58 crore shares from Tata Sons (up to 23 crore) and IFC (up to 3.58 crore).
  • Anchor investors committed roughly Rs 4,642 crore to Tata Capital, including LIC and global banks, ahead of the public subscription.
  • LG Electronics India opens its Rs 11,607.01 crore OFS on Oct 7–9 at Rs 1,080–1,140, with proceeds to the South Korea-based parent and a planned Oct 14 listing.
  • Grey-market indications show a modest premium for Tata Capital and a higher, volatile premium for LG, with brokerages largely advising subscribe for the long term.