Dalal Street is set for a bustling week, as India’s primary market witnesses a flurry of activity with one new mainboard IPO opening for subscription, several ongoing issues closing, and two high-profile listings making their market debut. Investors are keenly watching the unfolding drama, particularly the listings of heavyweight issues like Tata Capital and LG Electronics India, which are poised to test the market’s current appetite for new paper.
The week commencing October 13, 2025, promises a mix of fresh opportunities and significant market introductions. While the subscription window for a new mainboard IPO, Midwest, is set to open, the spotlight will undoubtedly be on the listing performances of giants that recently closed their book
New Entrant: Midwest IPO Takes Center Stage
Kicking off the fresh issuance segment, Midwest Ltd., a producer of black galaxy granite, is launching its initial public offering (IPO) from October 15 to October 17. The issue aims to raise ₹451 crore, comprising a fresh issue of ₹250 crore and an Offer for Sale (OFS) of ₹201 crore by its promoters. The price band for the Midwest IPO has been set at ₹1,014 to ₹1,065 per share, with a lot size of 14 shares. The funds raised are earmarked for investment in a subsidiary, capital expenditure, and debt repayment.
High-Profile Listings: Tata Capital & LG Electronics Debut
The much-anticipated listing of Tata Capital Ltd. is scheduled for Monday, October 13. The diversified financial services subsidiary of Tata Sons Pvt Ltd. successfully raised ₹15,511 crore through its IPO, which saw a total subscription of 1.95 times. The issue price was ₹326 per share, and early grey market premium (GMP) trends suggested a modest listing around ₹332, implying a premium of roughly 2%. This debut is a significant event, given the company’s extensive financial services portfolio and the Tata Group’s market standing. You can track Tata Capital’s listing performance on the BSE and NSE.
Following closely on Tuesday, October 14, LG Electronics India Ltd. will make its grand entry onto the bourses. This ₹11,607 crore IPO, a pure Offer for Sale, captivated investors, achieving an astounding 54.02 times subscription. The Qualified Institutional Buyers (QIB) portion was oversubscribed 166.51 times, Non-Institutional Investors (NII) at 22.45 times, and Retail Individual Investors (RII) at 3.55 times. With a price band of ₹1,080 to ₹1,140 per share, the GMP indicated a potential listing around ₹1,535, a substantial premium that reflects immense investor confidence in the consumer durables giant. This blockbuster listing is set to be one of the largest in recent memory, underscoring India’s robust retail investor participation and domestic liquidity.
Other Key Market Movements This Week
Beyond these major events, the week also marks the closure of several ongoing IPOs:
- Rubicon Research IPO (₹1,377.50 crore, price band ₹461-485/share) closes on October 13, having been subscribed 2.37 times overall.
- Canara Robeco Asset Management Co. IPO (₹1,326.13 crore, price band ₹253-266/share) also wraps up on October 13, with expectations of listing gains around 7%.
- Canara HSBC Life Insurance Co. IPO (₹2,517.5 crore, price band ₹100-106/share) will conclude its subscription on October 14, with a predicted flat debut, possibly with modest gains of about 2%.
- Additionally, several SME IPOs including Sihora Industries, SK Minerals & Additives, and Shlokka Dyes are closing their subscriptions on October 14.
Moreover, other listings to watch out for include Mittal Sections (SME) on October 14, Canara Robeco Asset Management Co. and Rubicon Research on October 16, and Canara HSBC Life Insurance Co. along with Anantam Highways Trust InvIT on October 17.
India’s IPO Market Heats Up
The robust activity this week is a testament to India’s thriving equity capital market, which has emerged as one of the world’s busiest. October 2025 is shaping up to be a record-breaking month for IPOs, with projected proceeds exceeding $5 billion. The Securities and Exchange Board of India (SEBI) has also played a crucial role, implementing reforms in September 2025 to balance investor protection with market growth, including easing norms for large companies and startups. This regulatory support, coupled with deep domestic liquidity, suggests a sustained bullish sentiment for the Indian primary market.
Investors navigating this vibrant landscape are advised to look beyond the immediate listing gains and focus on the fundamental strengths and long-term prospects of these companies. The sheer volume and diversity of offerings underscore the growing maturity and appeal of India as a global fundraising hub.
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