September 26, 2025 – The IPO market could see a Diwali dhamaka as two major offerings — Tata Capital and LG Electronics India — are expected to launch in the first week of October, according to reports.
Tata Capital IPO Details
- Issue Size: Around ₹16,400 crore
- Opening Date: Expected on October 6, 2025
- Structure:
- Fresh issue of up to 21 crore equity shares
- Offer for Sale (OFS) of 26.58 crore shares
- Promoter Divestment:
- Tata Sons to offload 23 crore shares
- International Finance Corporation (IFC) to sell 3.58 crore shares
Purpose of the IPO
Funds raised will be used to strengthen Tier-I capital and support future lending growth. The listing is also expected to boost brand visibility and create a liquid public market for Tata Capital shares.
Company Snapshot
- India’s third-largest diversified NBFC
- Gross Loans: ₹2,265.5 billion (as of March 2025)
- Customers Served: 7 million+
- Stakeholding: Tata Sons holds 88.6%, IFC owns 1.8%
Lead Managers
Kotak Mahindra Capital, BNP Paribas, Citigroup Global Markets India, Axis Capital, and HDFC are managing the issue. MUFG Intime India is the registrar.
LG Electronics India IPO Details
- Issue Size: About ₹11,500 crore
- Opening Date: Expected between October 6–8, 2025
- Promoter Divestment: LG Electronics Inc to sell around 10.18 crore shares via OFS
The company has already received SEBI’s approval after filing its updated Draft Red Herring Prospectus (DRHP) last month and is expected to file final papers shortly.
Lead Managers
Morgan Stanley India, Axis Capital, JP Morgan India, Citigroup Global Markets India, and BofA Securities India are lead managers, while KFin Technologies will serve as registrar.
Why These IPOs Matter
Both IPOs come at a time when the Indian market has witnessed a strong revival in 2025 with 145 listings so far. The entry of a financial services heavyweight like Tata Capital and a consumer electronics leader like LG Electronics India could further energise investor sentiment during the festive season.
Bottom Line
If launched as expected, these IPOs could set the tone for a high-voltage October on Dalal Street, offering investors opportunities in both financial services and consumer electronics.
