Upcoming IPO buffet for rest of 2025: Tata Capital, LG & Oyo lead — Watch Out for game-changing new issues – IPO News

The IPO action continues to be hectic even as we are approaching the last leg of 2025. Though the year has just 4 months remaining, the street is preparing for some marquee big-ticket IPOs. September, especially, is set to be buzzing with some, like Tata Capital, with a mandate from RBI to list by September 30. Another much anticipated IPO, Reliance Jio now has a 10-month window, as RIL Chairman clearly said that he plans to list the telecom major by H1 2026. 

However, let’s take a quick look at the upcoming IPOs to watch out for the rest of 2025- 

Tata Capital

The Tata Group’s NBFC arm is clearly the most anticipated IPO as September kicks off. As per the RBI mandate and the market buzz it is set to hit the street in next few weeks. The total size of the Tata Capital issue is expected to be over Rs 17,000 crore, making it one of the 5 largest issues in the last decade. This issue has 47.58 crore shares on offer. This is divided into two parts, fresh issuance and the offer for sale. The fresh issue comprises of 21 crore shares and 26.58 crore shares are via the offer for sale. 

The street expects the IPO to be priced closer to the rights issue price, under Rs 500 a share. The unlisted shares of Tata Capital have already seen over 20% correction from their peak, and the expectation is that it will correct another 20%. All eyes are now on the official IPO date announcement from the company.

LG Electronics India

After the successful Hyundai IPO last year, another Korean electronics major is set to test its luck in the Indian primary market. Yes, we are talking about the LG Electronics India IPO. Multiples reports indicate that the company may refile its IPO in the next few weeks; however, there is no official comment yet. 

As per the earlier DRHP filed in December, the Korean parent is set to off-load 15% stake in LG Electronics India via the issue. Nearly $1.7 billion is set to be raised via the sale of 10.18 crore equity shares through OFS. 

Hero Fincorp

Another key financial company that’s on the IPO radar is Hero Fincorp. SEBI has given its approval in May this year. This is set to be a book-built issue of Rs 3,668.13 crores. The company is likely to raise Rs 2,100 crore share via a fresh issue and Rs 1,568.13 crores will be raised through Offer For Sale (OFS). 

The company proposes to utilize the proceeds from the Fresh Issue towards boosting its Tier–1 Capital

Base and grow the business. The proceeds of the offer for sale will go directly to those selling stake. The price band and the offer price are yet to be determined, and the final IPO date hasn’t yet been confirmed by the company. 

Fractal Analytics

Another key upcoming IPO is Fractal Analytics. Backed by TPG, Apax, this is a Rs 4,900 crore issue. It will have a fresh issue component as well as an offer for sale. The fresh issuance will comprise shares worth Rs 1,279.30 crore, while the company aims to raise Rs 3,620.70 via Offer For Sale. Some of the key stakeholders set to sell shares via the OFS include Quinag Bidco, TPG Fett Holdings, Satya Kumari Remala and Rao Venkateswara Remala and the GLM Family Trust. 

The company aims to use the proceeds from the fresh issuance for investment in one of its subsidiaries, Fractal USA. Apart from this, some amount would be used for pre-payment and/or scheduled repayment, in full or in part, of its borrowings, buying office resources like laptops and setting up a new office in India. Some amount will be used for R&D and funding inorganic growth through unidentified acquisitions and other strategic initiatives. 

Oyo

Ritesh Agarwal-owned Oyo is all set to file its DRHP in November. As per a PTI report, the company may approach its board this week for the same, after two failed attempts earlier. As per the details available from the company’s earlier filings, this Softbank-backed company may seek valuations close to $7-8 billion. Oyo has, of course, not made any official comment on the same yet.

Stay tuned to Financialexpress.com for all the latest IPO news.