Tata Capital, the monetary companies arm of the Tata Group, is getting ready to launch its IPO within the first half of October, individuals aware of the matter advised The Financial Occasions, in what may elevate as a lot as Rs 17,000 crore. Across the similar time, South Korea’s LG Electronics is anticipated to drift the Rs 15,000-crore IPO of its Indian arm, making it the biggest challenge of 2025 to this point.
Tata Capital IPO
The Tata Capital providing will include a contemporary challenge of about 210 million shares and a suggestion on the market (OFS) of 265.8 million shares, taking the whole 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 presently holds 88.6% within the firm, with IFC proudly owning 1.8%.
The Reserve Financial institution of India had directed massive non-banking finance firms similar to Tata Capital to listing by September to extend transparency and scale back systemic dangers. Sources stated the regulator granted the corporate further time to organize. Funds from the contemporary challenge will probably be used to strengthen tier-I capital and assist 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 challenge in 2024. An electronic mail despatched to Tata Capital searching for remark remained unanswered till press time.
Unlisted shares of Tata Capital had 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 challenge is anticipated to open in early October after receiving Securities and Alternate Board of India approval earlier this 12 months. 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 circumstances to stabilise earlier than launching the difficulty, and it now sees October as the suitable window,” one banker aware of 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 sturdy 12 months. Almost 30 IPOs have raised greater than Rs 60,000 crore in 2025 to this point, led by HDB Monetary Providers’ 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 will probably be a check of how far traders’ threat urge for food can stretch in India’s overheated main market.
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