October is here, not just with festivals but also with the much-anticipated flood of mega IPOs on Dalal Street. From homegrown NBFC major, Tata Capital to global consumer durable leader LG Electronics India and co-working major WeWork India, the primary market is gearing up for a blockbuster month. This three mega IPOs are set to raise around Rs 30,000 crore from the primary market.
But with so many choices, the big question now is – which IPO stands out, what are the key details, and what do the numbers really say?
Ahead of the official opening of these mega issues, let’s take a look at the key factors to watchout for this upcoming IPOs –
WeWork India IPO – Riding the co-working boom
Offer details: WeWork India Management is hitting the market with a Rs 3,000 crore IPO. This public offering is an entirely an offer for sale. The price band has been fixed at Rs 615–648 per share. The minimum investment of this mainboard issue is about Rs 14,904 for retail investors (23 shares).
The subscription window will run from October 3 to October 7, and shares are expected to list on October 10.
Who is selling?: The promoter, Embassy Buildcon LLP, plans to offload 3.54 crore shares, while investor WeWork International (Ariel Way Tenant Ltd.) will sell 1.089 crore shares.
Financial snapshot: WeWork India’s June quarter revenue jumped 19% YoY to Rs 535 crore. However, profitability remains a challenge. It posted a net loss of Rs 14.1 crore, though that is an improvement from last year’s Rs 29 crore loss. The company’s EBITDA margin slipped to 18% from 21.6% a year earlier, while revenue per desk also fell slightly.
Peers: The only listed peer is Awfis Space Solutions.
Business and growth: Since its entry in 2016, WeWork India has become a leading name in flexible workspace solutions. It specialises from co-working desks and private offices to fully managed enterprise suites. Its clientele spans startups, SMEs, and large corporates adapting to hybrid work models.
Tata Capital IPO – The financial sector giant
Biggest NBFC listing yet: Tata Capital is set to launch the largest IPO from the Tata Group and the biggest NBFC listing in India. The issue size is Rs 15,511 crore, including a Fresh issue of Rs 6,846 crore (21 crore shares) and an offer for sale of Rs 8,666 crore (26.58 crore shares)
The IPO opens on October 6, and closes on October 8, with shares expected to list on October 13.
Price band and lot size:
The issue is priced at Rs 310–326 per share. This mega issue has a lot size of 46 shares. A retail investor will need at least Rs 14,996 to participate.
Why it matters: Tata Capital is the second Tata Group company to go public in recent years after Tata Technologies in 2023. The IPO will value the NBFC between Rs 1.31 lakh crore and Rs 1.38 lakh crore.
LG Electronics India IPO – South Korean Giant’s big bet
The offer: LG Electronics India is set for a Rs 11,607 crore IPO, entirely an offer for sale by the parent company. The issue opens on October 7 and closes on October 9, with listing likely on October 14.
Price and investment: The price band is Rs 1,080–1,140 per share, with a retail application starting at Rs 14,820 (13 shares).
Market dominance: LG Electronics India holds leading positions across several household categories such as washing machines, refrigerators, air conditioners, panel TVs, and microwaves.
Financial performance: In FY24, LG Electronics India reported a profit of Rs 1,511 crore and distributed a dividend of Rs 2,093 crore, equivalent to Rs 185 per share. For the first quarter of FY25, the company posted revenues of Rs 6,409 crore and a net profit of Rs 680 crore. As of June 2025, its cash reserves stood at Rs 3,606 crore.