The LG Electronics IPO, which began on October 7, started slowly but gained momentum later in the day, ending fully subscribed with a subscription status of 1.04x. With two days of bidding left, investor interest remains strong. In contrast, the Tata Capital IPO, closing on October 8, was subscribed 75% by its second day.
Opinions among analysts are mixed. Tata Capital’s IPO features a fresh issue of 21 crore shares and an OFS of 26.58 crore shares, with a price band of ₹310–₹326. Arun Kejriwal pointed out that the IPO is priced well below its earlier unlisted value of over ₹1,100, urging caution due to recent IPOs following a similar pattern.
LG Electronics’ IPO, priced between ₹1,080 and ₹1,140, involves a 10.18 crore share OFS and marks the second South Korean listing in India after Hyundai Motors. Prashanth Tapse sees Tata Capital as a strong long-term bet in financial services, backed by Tata’s reputation, decent valuations, and consistent growth. However, for listing gains and long-term potential, LG Electronics offers a strong position in consumer electronics, with robust margins, market leadership, and growth catalysts like festive demand and rising incomes. Bonanza’s Abhinav Tiwari noted LG’s strong financials, while concerns remain over Tata Capital’s asset quality and profitability post-merger.
