Tata Capital and LG Electronics Lead Record-Breaking October IPO Rush in India
India’s stock markets are set for a blockbuster October as a wave of major initial public offerings (IPOs) is expected to hit the market, aiming to raise over $5 billion. This surge is poised to surpass the total funds raised through IPOs so far this year, with investor attention firmly fixed on the massive offerings from Tata Capital and LG Electronics India, which together are valued at approximately ₹27,000 crore.
The highlight of the month is Tata Capital’s ₹15,512 crore IPO, the largest of the year so far. Its subscription window opens on October 6th and will close on October 8th, with an offer of 26.58 crore shares. Following closely, LG Electronics India, the local unit of the South Korean conglomerate, will open its ₹11,607 crore issue for subscription from October 7th to October 9th. This marks the second South Korean company to list in India after Hyundai Motors India last year. LG’s shares are scheduled to list on October 14th.
The IPO momentum doesn’t stop there. Rubicon Research is set to launch its ₹1,377.5 crore offering on October 9th. Additionally, VWork India Management’s ₹3,000 crore IPO is also expected this month. Other potential listings include Pine Labs, which could launch a ₹6,000 crore issue, and Canara SSBC Life Insurance with a ₹2,500 crore offering.
This flurry of activity builds on an already strong year for the Indian primary market. So far in 2025, 78 companies have already entered the market via IPOs, raising a total of $11.2 billion between January and September. Market experts predict that an additional $8 to $10 billion could be raised in the final quarter of the year.
According to a Bloomberg report, India ranked as the world’s fourth busiest IPO market by the end of the third quarter of 2025. With companies having raised $21 billion last year, this year’s total is on track to potentially exceed that record figure.
