Two major Initial Public Offerings (IPOs) are approaching their listing dates with notably different grey market performances, capturing the attention of investors and market watchers alike.

Tata Capital IPO: Modest Grey Market Premium

Tata Capital's IPO, valued at Rs 15,511.87 crore, has closed with a 1.95 times oversubscription. The grey market is showing a modest premium for this offering:

It's worth noting that the current grey market premium represents a decline from the earlier premium of Rs 12.50. The share allotment for Tata Capital is expected on October 9, with the listing scheduled for October 13.

LG Electronics India IPO: Strong Grey Market Performance

In contrast, LG Electronics India's IPO, valued at Rs 11,607.01 crore, is demonstrating a more robust performance in the grey market:

The share allotment for LG Electronics is anticipated on October 10, followed by the listing on October 14.

Comparative Analysis

The contrasting grey market performance of these two IPOs provides an interesting snapshot of investor sentiment:

While both IPOs have garnered significant interest, LG Electronics India appears to be generating more excitement in the grey market, with a substantially higher premium and oversubscription rate compared to Tata Capital.

Investors should note that grey market premiums are unofficial and subject to change. They should base their investment decisions on thorough research and official information provided in the IPO prospectuses.

LG Electronics India's Initial Public Offering (IPO) has garnered significant investor interest, with the issue being oversubscribed 3.32 times by the second day of the offering. The Rs 11,607 crore IPO has entered its final day, showcasing strong demand across various investor categories.

Subscription Details

The IPO received bids for 23.71 crore shares against the 7.13 crore shares on offer, indicating robust investor appetite.

IPO Specifics

• Offer Size: Rs 11,607 crore
• Price Band: Rs 1,080 - Rs 1,140 per share
• Offer Type: Entirely an offer for sale by parent company LG Electronics Inc
• Shares Offered: 10.18 crore shares

Company Performance

LG Electronics India has demonstrated strong financial performance:

The company maintains market leadership in key product categories including televisions, refrigerators, and air conditioners. Notably, LG Electronics India boasts a debt-free balance sheet, which is likely to be viewed favorably by investors.

Valuation and Analyst Ratings

The IPO is valued at a price-to-earnings (P/E) ratio of 35.1x. Leading brokerage firms SBI Securities and Centrum Broking have issued 'Subscribe' ratings for the IPO, indicating a positive outlook on the offering.

Key Dates

• Share Allotment: Expected on October 10
• Listing Date: Planned for October 14 on BSE and NSE

Investors should note that IPOs can be subject to market risks, and it's advisable to read the offer documents carefully before making an investment decision. The strong oversubscription rates across investor categories suggest significant market interest in LG Electronics India's public offering, reflecting confidence in the company's business model and growth prospects.