The LG Electronics IPO began slowly on October 7 but gained traction by the end of the day, closing fully subscribed at 1.04x. With two more bidding days remaining, investor sentiment remains optimistic. In contrast, the Tata Capital IPO, which closes today (October 8), reached 75% subscription on day two.
The Tata Capital IPO comprises a fresh issue of 21 crore shares and an offer for sale of 26.58 crore shares, priced between ₹310–₹326. Arun Kejriwal of Kejriwal Research pointed out the pricing is much lower than the earlier unlisted market valuation of over ₹1,100, advising caution as this marks the third major listing priced below unlisted levels.
LG Electronics’ IPO is an offer for sale of 10.18 crore shares with a price range of ₹1,080–₹1,140, becoming only the second South Korean firm to list in India after Hyundai Motors.
Prashanth Tapse of Mehta Equities recommends Tata Capital for conservative long-term investors due to its diversified financial services model and strong Tata branding. However, he also finds LG’s IPO attractive for both listing gains and long-term growth, given its market leadership in appliances and robust sector outlook.
Abhinav Tiwari of Bonanza finds both IPOs reasonably valued but sees LG better positioned with strong financials and growth plans, unlike Tata Capital’s offer-for-sale structure and integration risks.
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