Mumbai | September 30, 2025, 19:55 IST — Filed via ET market report and DRHP updates
The primary market is heating up in October with multiple IPO announcements. According to an ET report, LG India is expected to launch its IPO on October 7, while Tata Capital is drawing anchor investor interest for its upcoming issue. Separately, aerospace and precision engineering firm Aequs has filed papers with SEBI to raise up to ₹720 crore through an initial public offering.
LG India IPO on October 7
The highly anticipated LG India IPO will open on October 7, 2025, according to sources cited by the Economic Times.
- Issue Structure: Details are awaited, but the offer is expected to be a combination of fresh issue and OFS (offer-for-sale) by the South Korean parent.
- Size Estimate: Market participants peg the issue size at ₹8,000–₹10,000 crore, making it one of the largest IPOs of the year.
- Anchor Investors: Interest from domestic mutual funds and sovereign wealth funds is being tracked.
The listing will mark one of the biggest debuts by a multinational subsidiary in India, boosting depth in the consumer durable and electronics sector.
Tata Capital Anchor Book Buzz
Meanwhile, Tata Capital’s IPO has been drawing strong interest in the anchor book placement round.
- Market Buzz: Large domestic institutional investors and global funds are reportedly lining up for allocations.
- Context: Tata Capital, part of the Tata Group, is positioning itself as a major NBFC play in retail and corporate lending.
- Scale: The IPO is expected to be in the range of ₹4,000–₹5,000 crore.
Analysts believe the listing will deepen investor exposure to India’s growing NBFC sector at a time when credit growth remains robust.
Aequs Files for ₹720 Cr IPO
In a parallel development, Aequs Pvt Ltd, a precision engineering and aerospace components maker, has filed its draft red herring prospectus (DRHP) with SEBI to raise up to ₹720 crore.
- Fresh Issue: ~₹500 crore is expected to be raised as fresh capital.
- Offer-for-Sale: Remaining amount via stake sales from existing investors.
- Use of Proceeds: Expansion of aerospace manufacturing facilities in Karnataka, debt repayment, and working capital.
Aequs has been a supplier to leading global aerospace companies and is seen as a proxy play on India’s push for domestic defence and aerospace manufacturing.
Market Outlook
With LG India, Tata Capital, and Aequs IPOs in the pipeline, October is shaping up as a blockbuster month for primary markets.
- Investors will closely track anchor book allocations and subscription demand to gauge sentiment.
- While large-cap IPOs like LG India and Tata Capital may dominate headlines, niche players such as Aequs will attract thematic investors.
- Analysts caution that volatility in secondary markets could still influence listing outcomes.
