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51m ago

Tata Capital, LG Electronics India Launch Mega IPOs This Week

Strong anchor participation signals institutional appetite for offerings of this scale.

Tata Capital IPO
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Tata Capital IPO Subscription Status, GMP Live: he company has set a price band of Rs 310–326 per share. (Image: Canva)

Overview

  • Tata Capital opens a Rs 15,511.87–15,512 crore IPO on Oct 6–8 at Rs 310–326, combining fresh shares and an OFS, with fresh proceeds earmarked to bolster Tier‑1 capital.
  • LG Electronics India opens a Rs 11,607.01 crore offer for sale on Oct 7–9 at Rs 1,080–1,140, with all proceeds going to South Korea‑based LG Electronics Inc.
  • Tata Capital raised about Rs 4,641.8 crore from 135 anchor investors, including LIC, Goldman Sachs and Morgan Stanley, ahead of the subscription window.
  • Shares are slated to list next week, with Tata Capital expected on Oct 13 and LG Electronics India on Oct 14, subject to the final timetable.
  • The week features roughly five new issues seeking over Rs 28,000 crore and about 24 listings, while analysts flag reasonable long‑term valuations and note Tata’s modest, unofficial GMP indications around Rs 7.