The stock market may be taking a breather, but the IPO market? It’s doing Zumba.
From Tata Capital to Groww, companies are lining up on Dalal Street with issues worth thousands of crores, and everyone wants your money.
So, let’s see who’s actually worth the hype.
Tata Capital IPO Closes Amid Moderate Demand
Tata Capital, part of the Tata Group, recently concluded its ₹15,000-crore IPO subscription. The response from investors was mixed, showing moderate demand despite the high-profile nature of the issue. This is Tata Group’s second major IPO this year, following Tata Technologies. The company’s shares are expected to list on October 13, offering an early indicator of investor sentiment toward financial services stocks.
LG Electronics India Launches ₹11,600-Crore IPO
LG Electronics India, the Indian arm of the Korean electronics giant, opened its ₹11,600-crore IPO on October 8, which will remain open till October 9. The issue is a pure offer-for-sale (OFS), meaning all proceeds will go to the parent company. If successful, LG India will become the second Korean brand after Hyundai to list publicly in India.
WeWork India IPO Wraps Up
WeWork India, operated by Bengaluru’s Embassy Group and distinct from the global WeWork entity, completed a ₹3,000-crore IPO on October 7. The company is expected to list on October 10. Investors are closely watching the listing to gauge interest in India’s co-working sector.
Lenskart Plans ₹7,500–8,000-Crore IPO
Lenskart, a leading consumer-tech company, is preparing a ₹7,500–8,000-crore IPO. Around ₹2,150 crore will be raised as fresh capital, while the remainder will allow early investors to exit. Funds are expected to be used for expansion, technology upgrades, marketing, and potential acquisitions. If successful, Lenskart’s IPO could be the largest consumer-tech listing since Zomato and Paytm.
Groww Aims to Raise Nearly ₹7,000 Crore
Fintech platform Groww is planning an IPO worth close to ₹7,000 crore. Of this, ₹1,060 crore will be fresh capital, and the rest will be through an OFS. The platform has reported a ninefold increase in the number of users with portfolios above ₹25 lakh in the last two years. Exact listing dates are yet to be announced.
Outlook: Busy IPO Season Ahead
With several large IPOs lined up, Dalal Street is witnessing increased activity despite the broader stock market slowdown. Investors will be closely monitoring listings to determine which sectors and companies attract the most interest.
