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Tata Capital, LG Electronics India, and WeWork India launch IPOs worth Rs 30,000 crore next week, marking a major surge in the primary market after a subdued first half of 2025.
News18
Upcoming IPOs Next Week: The primary market remained subdued in the first half of 2025, weighed down by an overvalued secondary market, record-level FII outflows, and a global shift of investors towards other asset classes. However, momentum began to turn from May–June, with a flood of IPOs hitting the market as sentiment improved, investor confidence strengthened, and listing gains attracted fresh participation.
The market is set to reach a peak moment next week, with IPOs collectively worth around Rs 30,000 crore either opening or remaining available for subscription. The upcoming bellwether issues include Tata Capital, LG Electronics India, and WeWork India. This surge raises concerns over the market’s ability to absorb such a large fund demand, already stretched by a heavy pipeline of IPOs across both the mainboard and SME segments in recent months.
Tata Capital To Raise Rs 15,500 Crore
Tata Capital, the non-banking financial arm of the Tata Group, is set to launch its initial public offering (IPO) on Monday, October 06, 2025. The issue size has been pegged at Rs 15,500 crore. The public issue will be closed for subscription on Wednesday, October 8, 2025.
Tata Capital has fixed the price band for its much-awaited Rs 15,512-crore IPO at Rs 310-326 per share, making it the largest issue of the year. With this, the non-banking financial company’s valuation stands at about Rs 1.38 lakh crore at the top end of the band.
Tata Sons, which currently holds an 88.6% stake in Tata Capital, will offload about 23 crore shares.
International Finance Corporation (IFC), which owns 1.8%, will sell 3.58 crore shares.
Proceeds from the fresh issue will be used to bolster Tata Capital’s Tier-1 capital base, helping the NBFC meet future capital requirements, including lending operations.
This IPO comes as part of the Reserve Bank of India’s mandate, which requires all upper-layer NBFCs to be listed within three years of classification. Tata Capital was identified as an upper-layer NBFC in September 2022.
Founded in 2007, Tata Capital today serves over 70 lakh customers with a wide portfolio of more than 25 lending products, catering to individuals, SMEs, entrepreneurs and corporates. Apart from lending, it also distributes third-party products like insurance and credit cards, provides wealth management services, and acts as a sponsor and investment manager for private equity funds.
For FY25, Tata Capital reported a profit after tax (PAT) of Rs 3,655 crore, compared to Rs 3,327 crore in the previous year. Its revenue jumped to Rs 28,313 crore in FY25, up from Rs 18,175 crore in FY24.
LG Electronics’ Rs 11,607 Crore Bet
LG Electronics India Ltd, the local arm of South Korea’s LG conglomerate, has fixed the price band for its much-awaited Rs 11,607-crore initial public offering (IPO) in the range of Rs 1,080-1,140 per share. At the upper end of the price range, the company is valued at about Rs 77,400 crore.
The public issue will open for subscription on October 7 and close on October 9, while anchor investors can bid on October 6. The IPO, which is entirely an offer for sale of 10.18 crore shares — representing nearly 15 per cent stake — will see all proceeds go to the South Korean parent, as LG Electronics India itself will not receive any funds from the issue.
WeWork India IPO
WeWork India Management Limited, one of India’s leading premium flexible workspace operators, has launched its Rs 3,000 crore initial public offering (IPO) on Friday, October 03, 2025. The issue will be closed for subscription on Tuesday, October 07, 2025.
Price Band fixed at Rs 615 per equity share of face value Rs 10 each to Rs 648 per equity share.
The company’s initial public offering comprises an Offer for Sale (“OFS”) of equity shares of up to 46,296,296 equity shares. The offer for sale comprises up to 35,402,790 equity shares by Embassy Buildcon LLP (“Promoter Selling Shareholder”), and up to 10,893,506 equity shares by 1 Ariel Way Tenant Limited (“Investor Selling Shareholder”).
JM Financial Limited, ICICI Securities Limited, Jefferies India Private Limited, Kotak Mahindra Capital Company Limited, and 360 ONE WAM Limited are the Book Running Lead Managers (“BRLMs”) to the issue.
The allotment of shares will be finalized on October 08, 2025, and the tentative listing is on October 10, 2025.
Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More
October 03, 2025, 11:35 IST
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