India's IPO market is poised for a significant boost as two major companies, Tata Capital and LG Electronics India, prepare to list on the Mumbai stock exchange. These initial public offerings (IPOs) are set to inject a combined ₹3.10 lakh crore into the market, marking a pivotal moment for India's financial landscape.

Tata Capital's Substantial IPO

Tata Capital, a subsidiary of the renowned Tata Group, is leading the charge with a major IPO. The company has successfully raised ₹1.55 lakh crore, attracting significant attention from investors and market watchers alike.

LG Electronics India's Oversubscribed Offering

Following closely on Tata Capital's heels, LG Electronics India is also set to list. The company's IPO has garnered exceptional interest, becoming highly oversubscribed. Investors showed overwhelming enthusiasm, with bids reaching 54 times the number of shares offered.

Market Impact and Investor Interest

The dual listings are expected to test the strength and appetite of India's IPO market. These offerings are pushing the total IPO proceeds in India above ₹1.35 lakh crore for the year.

Notable Investors

Both IPOs have attracted a roster of prestigious investors, underscoring the confidence in India's market potential:

Market Outlook

The successful completion of these IPOs and the strong investor interest they've generated paint a positive picture for India's financial markets. As more companies line up to go public, the Indian stock market is demonstrating its capacity to absorb large-scale offerings and its growing attractiveness to both domestic and international investors.

The debuts of Tata Capital and LG Electronics India will be closely watched as indicators of market sentiment and the overall health of India's IPO ecosystem. Their performance could set the tone for future listings and potentially encourage more companies to consider going public in the coming months.

The allotment process for Tata Capital Ltd.'s Initial Public Offering (IPO) commenced on Thursday, October 9, following a robust response from investors. The IPO, which closed its subscription window recently, witnessed significant oversubscription across various investor categories.

Subscription Details

The Tata Capital IPO garnered substantial interest, resulting in an overall subscription rate of 195%. Here's a breakdown of the subscription rates across different investor categories:

Investors bid for 65.12 crore shares against the 33.34 crore shares on offer, reflecting strong demand for the company's equity.

IPO Structure and Size

The book-built issue, valued at ₹15,511.87 crore, comprises two components:

1. A fresh issue of 21 crore shares worth ₹6,846 crore
2. An offer-for-sale (OFS) of 26.58 crore shares valued at ₹8,665.87 crore

Key Dates and Listing Information

• Allotment Date: October 9
• Listing Date: October 13
• Listing Venues: BSE and NSE

Utilization of Proceeds

Tata Capital plans to use the funds raised from the fresh issue to:

1. Strengthen its Tier-I capital base
2. Support future funding requirements
3. Enhance onward lending activities

Checking Allotment Status

Investors can verify their allotment status through:

• BSE website
• NSE portal
• Registrar's website (MUFG Intime India Pvt. Ltd.)

About Tata Capital

Tata Capital is a Non-Banking Financial Company (NBFC) offering a diverse range of financial services, including:

• Consumer loans
• Business financing
• Wealth management
• Investment banking
• Cleantech project financing

The strong investor response across categories, particularly from Qualified Institutional Buyers, suggests confidence in Tata Capital's business model and growth prospects. As the company prepares for its stock market debut, investors and market watchers will be keenly observing its performance in the secondary market.