Overview
- The two large offers, Tata Capital at about Rs 15,512 crore and LG Electronics India at about Rs 11,607 crore, headline a week expected to raise roughly Rs 27,000–30,000 crore.
- By early afternoon on Oct. 7, Tata Capital was around 57% subscribed on Day 2 after a 0.39x Day‑1 close, while LG’s offer, which opened Oct. 7, reached about 57% after a slow start reported earlier in the day.
- Tata Capital combines a fresh issue and an offer for sale in a Rs 310–326 band to bolster Tier‑1 capital, whereas LG’s Rs 1,080–1,140 offer is entirely an OFS with proceeds going to South Korea‑based LG Electronics Inc.
- Anchor allocations were completed ahead of the opens, with Tata Capital raising Rs 4,641.8 crore from 135 investors including LIC, Goldman Sachs and Morgan Stanley, and LG securing about Rs 3,475 crore.
- Unofficial grey‑market premiums point to a modest expected pop for Tata Capital (about Rs 12.5) versus a much higher premium for LG (around Rs 323), while official timelines target allotments on Oct. 9–10 and listings on Oct. 13–14.