Seven IPOs worth over Rs 30,000 crore to open this week; Tata Capital, LG among major launches

The Indian equity market is witnessing an unprecedented surge in primary issuances, with seven initial public offerings (IPOs) worth over Rs 30,000 crore opening for subscription this week. As reported by ANI, the line-up spans large corporates, financial services, manufacturing, and infrastructure, marking what could be the largest-ever fundraising week in India’s market history.

Tata Capital leads with India's biggest NBFC IPO

The week began with Tata Capital's Rs 15,512 crore IPO, which opened on Monday, October 6. The issue, priced between Rs 310 and Rs 326 per share, is the largest-ever IPO by a non-banking financial company (NBFC) and the biggest since Hyundai’s public issue.

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Tata Capital plans to raise Rs 6,846 crore through a fresh share sale, while Tata Sons and International Finance Corporation (IFC) will divest shares worth Rs 8,666 crore through an offer for sale. The company had already mobilised Rs 4,642 crore via its anchor book on October 3.

LG Electronics India follows with Rs 11,607 crore offer

Consumer electronics major LG Electronics India is next in line, opening its Rs 11,607 crore IPO on Tuesday, October 7. The offer, which will close on October 9, is entirely an offer for sale by the Korean parent company and has a price band of Rs 1,080-1,140 per share.

This marks one of the largest multinational divestments in India this year and a significant milestone for the country's consumer goods sector.

Rubicon Research, Canara group issues add momentum

The week will also see pharmaceutical firm Rubicon Research launch its Rs 1,377.5 crore IPO on October 9, priced between Rs 461 and Rs 485 per share. The offer includes a fresh issue of Rs 500 crore and an offer for sale worth Rs 877.5 crore by promoter General Atlantic Singapore RR Pte.

On the same day, Canara Robeco Asset Management Company (AMC) will open its public issue of 4.98 crore shares, followed by Canara HSBC Life Insurance Company, which will open its 23.75 crore share IPO on October 10.

InvIT and SME IPOs broaden market participation

Anantam Highways Trust will launch its Infrastructure Investment Trust (InvIT) IPO, aiming to raise Rs 400 crore with a price band of Rs 98–100 per unit.
In the small and medium enterprises (SME) segment, Mittal Sections, a structural steel products maker, will open its Rs 52.91 crore IPO between 7 and 9 October, priced between Rs 136 and Rs 143 per share.

Meanwhile, the ongoing WeWork India IPO worth Rs 3,000 crore will close on October 7. Three SME issues - Shlokka Dyes, Greenleaf Envirotech and DSM Fresh Foods, are scheduled to close on October 6, followed by NSB BPO Solutions on October 7.