Tata Capital, LG Electronics to launch IPOs next week
Tata Capital and LG Electronics India are both launching their IPOs on October 13 and 14, 2024, aiming to raise over ₹27,000 crore (about $3.1 billion) together.
Tata Capital's ₹15,512 crore offering is the biggest NBFC listing of 2024 so far, while LG's ₹11,607 crore sale is the most oversubscribed IPO of its size in nearly two decades.
Tata Capital's IPO biggest NBFC offering in 2024 so far
Tata Capital is the financial services arm of Tata Group and will soon rank as India's fourth-largest shadow lender by market value.
It has caught the eye of global investors thanks to its trusted brand and steady growth.
Meanwhile, LG Electronics India—known for home appliances and gadgets—has seen strong demand from big funds and retail investors as consumer spending rises.
Experts expect more IPOs to hit the market soon
These blockbuster IPOs show how much cash Indian markets have right now—and just how active retail investors are becoming.
With October already breaking records for new listings and recent rule changes making it easier to invest in IPOs, experts say we could see even bigger public offerings rolling out through late 2025—possibly topping last year's fundraising highs.