NewsIPOTata Capital and LG Electronics India IPOs Set to Launch with Positive Grey Market PremiumsTata Capital and LG Electronics India IPOs Set to Launch with Positive Grey Market Premiums
Two major IPOs are set to hit the Indian stock market this week. Tata Capital aims to raise Rs 15,511.87 crore, with a price band of Rs 310-326 per share and a grey market premium of Rs 7.50. LG Electronics India plans to raise Rs 11,607.01 crore through an offer-for-sale, with a price band of Rs 1,080-1,140 per share and a significant grey market premium of Rs 250. Tata Capital's IPO will be open from October 6-8, while LG Electronics India's will run from October 7-9. Both IPOs show positive investor sentiment, with LG Electronics India displaying particularly strong interest.
*this image is generated using AI for illustrative purposes only.
Two major Initial Public Offerings (IPOs) are poised to hit the Indian stock market this week, with both Tata Capital and LG Electronics India showing positive grey market premiums ahead of their subscription openings.
Tata Capital IPO Details
Tata Capital, a non-banking financial company under Tata Sons, is set to open its IPO for subscription from October 6-8. The company aims to raise Rs 15,511.87 crore through this offering, which includes a fresh issue of Rs 6,846.00 crore and an offer-for-sale worth Rs 8,665.87 crore.
- Price Band: Rs 310.00 - Rs 326.00 per share
- Grey Market Premium: Rs 7.50 per share
- Potential Listing Price: Rs 333.50
- Implied Premium: 2.30% over the upper price band
- Expected Listing Date: October 13
LG Electronics India IPO Overview
LG Electronics India, a manufacturer of consumer electronics products, is scheduled to open its IPO for subscription from October 7-9. The company's offering is entirely an offer-for-sale of 10.18 crore shares.
- Issue Size: Rs 11,607.01 crore
- Price Band: Rs 1,080.00 - Rs 1,140.00 per share
- Grey Market Premium: Rs 250.00 per share
- Potential Listing Price: Rs 1,390.00
- Implied Premium: 21.93% over the upper price band
- Expected Listing Date: October 14
Comparative IPO Data
| Aspect | Tata Capital | LG Electronics India |
|---|---|---|
| Issue Type | Fresh Issue + Offer-for-Sale | Offer-for-Sale |
| Issue Size (Rs crore) | 15,511.87 | 11,607.01 |
| Price Band (Rs) | 310.00 - 326.00 | 1,080.00 - 1,140.00 |
| Grey Market Premium (Rs) | 7.50 | 250.00 |
| Implied Premium (%) | 2.30 | 21.93 |
| Subscription Period | October 6-8 | October 7-9 |
| Expected Listing | October 13 | October 14 |
The positive grey market premiums for both IPOs suggest investor optimism ahead of their launches. LG Electronics India, in particular, is showing a notably strong grey market premium, indicating high investor interest in the consumer electronics sector.
Investors considering these IPOs should conduct thorough research and consider their financial goals and risk tolerance before making investment decisions. As always, grey market premiums are unofficial and subject to change, and should not be the sole factor in making investment choices.
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