Why this a big week for India's stock markets

The Indian primary market is set for an action-packed week, with two major offerings that together could raise more than Rs27,000 crore.

Tata Capital Ltd and LG Electronics India Ltd are launching their initial public offerings (IPOs), promising to attract strong investor demand owing to the scale of the issues and the reputation of their parent groups.

Their combined size makes up the bulk of the nearly Rs28,000 crore expected to be raised by five companies this week alone.

The boom in IPOs comes even as the broader equity market remains under pressure.

Between October 2024 and September 2025, 86 IPOs raised Rs1.7 lakh crore, almost double the previous year’s tally, while indices like the Sensex and Nifty registered year-on-year declines, a report in The Economic Times said.

The shift shows how investors are finding greater opportunities in the primary market compared with the volatile secondary market.

Tata Capital’s mega launch

Leading the pack is Tata Capital, the financial services arm of the Tata Group.

The company’s Rs15,512 crore IPO will be the largest of 2025 so far. The issue, which opened today and closes on October 8, comprises a fresh issue of 21 crore shares and an offer for sale (OFS) of 26.58 crore shares.

The price band has been set at Rs310–Rs326 per share, giving the non-banking financial company (NBFC) a valuation of around Rs1.38 lakh crore at the upper end.

Tata Sons, which currently holds an 88.6 per cent stake, will offload 23 crore shares, while International Finance Corporation (IFC), which owns 1.8 per cent, will divest 3.58 crore shares.

Proceeds from the fresh issue will be used to strengthen the company’s Tier-1 capital base, thereby supporting its future growth and lending operations.

Tata Capital has reported consistent growth in recent years, with its FY25 profit after tax rising to Rs3,655 crore from Rs3,327 crore in FY24, while revenue surged to Rs28,313 crore from Rs18,175 crore. Its shares are scheduled to debut on October 13.

LG Electronics India follows close

Right after Tata Capital, LG Electronics India will hit the market with its Rs11,607 crore IPO, opening for subscription from October 7 to October 9. This will be the second South Korean company to list in India after Hyundai Motor India’s blockbuster debut last year.

The LG offering, entirely an OFS of 10.18 crore shares, represents a 15 per cent stake sale by its parent company.

With a price band of Rs1,080–R1,140 per share, LG Electronics India is being valued at about Rs77,400 crore. Unlike Tata Capital, none of the proceeds will go to the Indian unit, with all funds accruing to the parent in South Korea.

LG Electronics India has been a household name in consumer electronics and home appliances, with a strong manufacturing base in Noida and Pune.

The company has also seen steady financial growth, reporting FY25 revenues of Rs24,366.64 crore, up from Rs21,352 crore in FY24, while net profit surged to Rs2,203 crore from Rs1,511 crore.

Its shares are expected to list on October 14.

Other listings add to the momentum

The week will also see Rubicon Research’s Rs1,377.5 crore IPO opening on October 9, alongside the ongoing Rs3,000 crore issue from WeWork India Management.

In total, five companies are expected to raise nearly Rs28,000 crore in this single week.

Beyond this, nearly 29 other companies—including mainboard and SME players—are gearing up to make their market debut in October, ensuring a packed primary market calendar.

IPO boom despite weak secondary market

What makes this surge remarkable is that it comes against the backdrop of a struggling secondary market. The Sensex fell 3.5 per cent over the past year, while the Nifty slipped 4.4 per cent. Still, IPO fundraising nearly doubled, led by high-value issues and robust domestic investor appetite.

So far in 2025, 74 IPOs have mobilised nearly Rs85,000 crore. With October’s line-up, fundraising is set to cross the Rs1 lakh crore mark for only the third time in history, after 2021 and 2024.

Outlook: Pipeline remains strong

Looking ahead, the IPO pipeline shows no signs of slowing down.

According to market data, more than 150 companies have filed or are awaiting approval from Sebi, with a combined issue size nearing Rs3 lakh crore.

These span diverse sectors including NBFCs, consumer and retail, technology, automobiles, renewable energy and telecommunications.

Big names expected in the coming months include Hero Fincorp, Hero Motors and BoAt.

With Tata Capital and LG Electronics India leading the charge, the next few weeks could prove pivotal for India’s capital markets.

For investors, the coming weeks promise both excitement and opportunity in equal measure.