Will IPOs Worth Rs 28,000 Crore Transform the Indian Primary Market Next Week?

Synopsis
Key Takeaways
- Five IPOs are expected to enter the market next week.
- The total capital raise is anticipated to exceed Rs 28,000 crore.
- Tata Capital is launching the largest IPO this year.
- LG Electronics India will debut with a significant offer for sale.
- The IPO market is on track to break previous records.
New Delhi, Oct 4 (NationPress) Investors are gearing up for an eventful week ahead as approximately five companies are preparing to launch their initial public offerings (IPOs) in the primary market, aiming to generate a total of over Rs 28,000 crore.
Moreover, 29 companies—both mainboard and SMEs—are set to make their first appearances on domestic exchanges.
Tata Capital, the non-banking financial arm of the Tata Group, will initiate its IPO from October 6 to 8, targeting to raise Rs 15,500 crore. This IPO will be the largest of the year so far, comprising 21 crore new shares and 26.58 crore shares offered for sale (OFS). The Tata Group's share price is set between Rs 310 and Rs 326.
LG Electronics India, the local branch of South Korean LG, has also announced an IPO of Rs 11,607 crore to be held from October 7-9. This offering is entirely an OFS, with the South Korean parent company selling 10.18 crore shares priced between Rs 1,080 and Rs 1,140.
The two firms will significantly contribute to the capital raised, totaling Rs 27,107 crore. Additionally, numerous SMEs will also launch their IPOs next week.
This year is proving to be remarkable for the IPO market, with companies already accumulating close to Rs 85,000 crore through 74 mainboard offerings as of September. The momentum is intensifying in October, with upcoming listings projected to elevate the total amount raised past the Rs 1 lakh crore mark for only the third time in history.
The previous instances were in 2021 and 2024, where the IPO market surpassed this threshold, raising Rs 1.19 lakh crore from 63 IPOs in 2021, and Rs 1.6 lakh crore from 91 initial offers in 2024.
Reports indicate that the figures are expected to break all previous records this year.