Tata Capital, the monetary companies arm of the Tata Group, is making ready to launch its IPO within the first half of October, individuals conversant in the matter advised The Financial Occasions, in what may increase as a lot as Rs 17,000 crore. Across the identical time, South Korea’s LG Electronics is anticipated to drift the Rs 15,000-crore IPO of its Indian arm, making it the most important concern of 2025 to date.
Tata Capital IPO
The Tata Capital providing will encompass a recent concern of about 210 million shares and a proposal on the market (OFS) of 265.8 million shares, taking the full measurement to 475.8 million shares. Tata Sons is anticipated to promote as much as 23 million shares, whereas Worldwide Finance Company (IFC) may offload as much as 35.8 million shares. Tata Sons at present holds 88.6% within the firm, with IFC proudly owning 1.8%.
The Reserve Financial institution of India had directed giant non-banking finance firms equivalent to Tata Capital to checklist by September to extend transparency and scale back systemic dangers. Sources stated the regulator granted the corporate further time to arrange. Funds from the recent concern can be used to strengthen tier-I capital and help lending development.
This might mark the Tata Group’s first IPO in two years and the nation’s greatest since Hyundai Motor India’s Rs 27,870-crore concern in 2024. An electronic mail despatched to Tata Capital in search of remark remained unanswered till press time.
Unlisted shares of Tata Capital have been buying and selling at Rs 785 apiece on Friday, about 28% beneath the Rs 1,095 peak hit in October 2024.
LG Electronics IPO
LG Electronics’ Rs 15,000-crore concern is anticipated to open in early October after receiving Securities and Change Board of India approval earlier this yr. The South Korean firm will promote about 10.2 crore shares, or a 15% stake, in its Indian unit.“The corporate was ready for market situations to stabilise earlier than launching the problem, and it now sees October as the precise window,” one banker conversant in the plan advised ET.
Morgan Stanley India, JP Morgan India, Axis Capital, BofA Securities India, and Citigroup World Markets India are the book-running lead managers. Emails despatched to the corporate and the bankers remained unanswered.
This would be the second-largest providing by a Korean firm in India, after Hyundai’s blockbuster debut final October.
IPO pipeline
LG and Tata Capital’s points add to what has already been a strong yr. Almost 30 IPOs have raised greater than Rs 60,000 crore in 2025 to date, led by HDB Monetary Companies’ Rs 12,500-crore providing. One other Rs 70,000 crore price of points, together with Groww, Meesho, PhonePe, Boat, WeWork India, Lenskart, Shadowfax and Physics Wallah, are anticipated to observe.
With a festive-season line-up of high-profile choices, October can be a take a look at of how far traders’ danger urge for food can stretch in India’s overheated major market.
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