October is set to be a blockbuster month for the IPO market. Some of the year’s largest IPOs are set to be launched in matter of days. These include the much talked about Tata Capital IPO and LG Electronics India. Both are opening for subscription next week, raising over Rs 25,000 crore together.
But with such massive issues, the big question for investors is: which one should they back? Should they go for the financial powerhouse or the consumer electronics giant?
Let’s take a look at each of these issues and break it down into 7 key factors to watch.
Tata Capital Vs LG Electronics IPO: Timing and size
The Tata Capital IPO opens for subscription on Monday, October 6, and will close on Wednesday, October 8. With a total issue size of Rs 15,512 crore, it is not only the largest IPO of 2025 so far but also the biggest ever from the Tata Group and among India’s largest NBFC listings. The offer includes a fresh issue of 21 crore shares and an offer for sale (OFS) of 26.6 crore shares, priced between Rs 310 and Rs 326 per share.
Meanwhile, LG Electronics India IPO follows right after, opening on Tuesday, October 7, and closing on Thursday, October 9. The company is raising funds entirely through an OFS of 10.18 crore shares of Rs 11,607.01 crores, with no fresh capital coming into the business. The price band of the issue is set between Rs 1,080-1,140 per share.
Tata Capital Vs LG Electronics IPO: Objective of the issue
Tata Capital is planning to use the IPO proceeds to strengthen its capital base and support onward lending activities. The company is looking to enhance its business while meeting regulatory capital requirements.
On the other side, LG Electronics India is raising money solely for promoter stake sale. This means in simple terms that the company itself won’t receive any fresh capital.
Tata Capital Vs LG Electronics IPO: Key details of promoters and ownership
Tata Capital’s promoter is Tata Sons, holding 88.6% of the company pre-IPO. The OFS sees Tata Sons selling 23 crore shares. In addition to this, the International Finance Corporation offloads another 3.58 crore shares.
Now, talking of the LG Electronics India, the promoter is LG Electronics Inc., South Korea. The company is selling its entire stake via the OFS.
Tata Capital Vs LG Electronics IPO: Business and growth potential
Tata Capital is one of India’s top three diversified NBFCs. It offers loans, investment products, and other financial services. The company’s interest income jumped from Rs 11,910 crore in FY23 to Rs 25,719 crore in FY25. Furthermore, its profit grew from Rs 2,946 crore to Rs 3,655 crore in the same period.
LG Electronics India, on the other hand, is a consumer electronics and appliance company. It has nearly 78% of revenues from home appliances and air solutions and the remainder from entertainment products. Moreover, the company reported a net profit of Rs 2,203 crore for FY25.
Tata Capital Vs LG Electronics IPO: Financial performance snapshot
Now coming to the financial performance of the company, Tata Capital’s Q1FY26 numbers show an interest income of Rs 6,932 crore. This is up from Rs 5,995 crore year-on-year. The company posted a profit of Rs 1,041 crore, more than double compared to Q1FY25.
LG Electronics India’s Q1FY26 performance shows net profits of Rs 513 crore which is down from Rs 680 crore year-on-year.
Tata Capital Vs LG Electronics IPO: Peer comparison
Tata Capital competes with other listed peers such as Bajaj Finance, Shriram Finance, L&T Finance, Cholamandalam Finance, and others.
LG Electronics India on the other hand faces competition from unlisted peers such as Samsung, Whirlpool, and Panasonic.
Tata Capital Vs LG Electronics IPO: Listing and allotment of the issue
Investors in Tata Capital can expect allotment of the shares on October 9 and listing on October 13 on BSE and NSE.
LG Electronics India will allot shares on October 10, with listing expected on October 14.