The upcoming week beginning October 6 is poised to be the biggest ever for India’s primary market in terms of total fund-raising size, with seven IPOs collectively valued at more than ₹30,000 crore set to open. While the number of IPOs is fewer than in the past two weeks, the overall issue size marks a new record.
Previously, the record was set in October 2024, when Hyundai Motor India’s IPO alone raised ₹27,859 crore — the largest in India’s history.
Tata Capital to Kick Off the Record Week
The action begins with Tata Capital’s ₹15,512-crore IPO, opening on October 6, at a price band of ₹310–326 per share.
This will be the largest-ever IPO by an NBFC in India, and the biggest overall since Hyundai’s listing.
The issue comprises:
- Fresh issue: ₹6,846 crore
- Offer-for-sale (OFS): ₹8,666 crore by Tata Sons and International Finance Corporation
Of this, the company has already raised ₹4,642 crore via anchor investors on October 3.
LG Electronics India Follows with ₹11,607-Crore Offer
Next in line is LG Electronics India, opening its ₹11,607-crore IPO between October 7–9, at a price band of ₹1,080–1,140 per share.
The entire issue is an OFS by the Korean parent, LG Electronics Inc.
Other Major Offerings
Rubicon Research, a pharmaceutical company, will launch its ₹1,377.5-crore IPO on October 9, priced between ₹461–485 per share.
The issue includes:
- Fresh issue: ₹500 crore
- OFS: ₹877.5 crore by General Atlantic Singapore RR Pte.
Meanwhile, two IPOs backed by Canara Bank will also open:
- Canara Robeco Asset Management Co. – launching on October 9
- Canara HSBC Life Insurance Co. – opening on October 10
While exact sizes haven’t been disclosed, reports estimate each to be in the ₹3,000–5,000 crore range, though this remains unconfirmed.
InvIT and SME Offerings
In the infrastructure space, Anantam Highways Trust will launch its ₹400-crore InvIT IPO at a price band of ₹98–100 per unit.
Among SMEs, Mittal Sections, a structural steel manufacturer, will open its ₹52.91-crore IPO from October 7–9, with a price band of ₹136–143 per share.
Ongoing and Closing Issues
WeWork India Management will close its ₹3,000-crore IPO on October 7, having seen about 4% subscription so far.
Additionally, three SME IPOs — Shlokka Dyes, Greenleaf Envirotech, and DSM Fresh Foods — will close on October 6, followed by NSB BPO Solutions on October 7.
Listings Next Week
A total of 28 new companies are scheduled to list next week, including six from the mainboard segment.
- October 6: Pace Digitek
- October 7: Glottis and Fabtech Technologies
- October 8: Om Freight Forwarders and Advance Agrolife
- October 10: WeWork India Management
In the SME segment, 22 listings are expected, including Bhavik Enterprises, Manas Polymers & Energies, Ameenji Rubber, MPK Steels, and KVS Castings early in the week.
Greenleaf Envirotech, Shlokka Dyes, and DSM Fresh Foods are tentatively set to debut on October 9.
