Upcoming IPOs next week: Tata Capital, LG Electronics India, Rubicon Research, 2 other offers to open, 29 listings scheduled; check list

Upcoming IPOs next week: At least five initial public offerings, including four mainboard IPOs and one SME issue, will hit the primary market in the week starting October 6.

IPO listings scheduled for next week include Pace Digitek, Glottis, Fabtech Technologies, Om Freight Forwarders, Advance Agrolife, WeWork India, Rukmani Devi Garg Agro Impex, Manas Polymers, KVS Castings, MPK Steels, Bhavik Enterprises, Ameenji Rubber, Dhillon Freight Carrier, Om Metallogic, Suba Hotels, Vijaypd Ceutical, Sodhani Capital, Munish Forge, Sheel Biotech, Chiraharit, Zelio E-Mobility, BAG Convergence, Infinity Infoway, Sunsky Logistics, Valplast Technologies, Greenleaf Envirotech, DSM Fresh Foods, Shlokka Dyes and NSB BPO Solutions.

Tata Capital IPO

The ₹15,511.87 crore mega-IPO of non-banking financial company Tata Capital will be open from October 6 to October 8. The company has set a price band of ₹310 to ₹326 per share, and a lot consists of 46 shares.

The initial share, comprising a total of 47.58 crore equity shares, includes a fresh issuance of 21 crore shares worth ₹6,846 crore and an offer for sale (OFS) of ₹8,665.87 crore.

Under the OFS component, Tata Sons will sell 23 crore shares, while the International Finance Corporation will divest 3.58 crore shares.

The fresh issue proceeds funds will be used to strengthen its Tier-1 capital base and support future capital needs, including onwards lending.

Tata Capital, an NBFC, is a diversified financial services company, providing a wide range of services to corporate, retail and institutional customers.

LG Electronics India IPO

LG Electronics India seeks to raise ₹11,607.01 crore via its initial public offering, which will be open from October 7 to October 9.

The price band has been set at ₹1,080 to ₹1,140 per share and a lot consists of 13 shares.

The IPO is only an OFS of over 10.18 crore shares by the South Korea-based parent LG Electronics Inc. There is no fresh issue component.

LG Electronics India is a leading player in major home appliances and consumer electronics. The company sells its products to both B2B and B2C customers in India and abroad.

Rubicon Research IPO

Pharmaceutical company Rubicon Research's initial share sale will open for bidding on October 9. The issue, which has not announced the price band yet, will conclude on October 13.

The IPO aims to raise ₹1,377.50 crore by offering equity shares valued at ₹500 crore and an OFS aggregating to ₹877.5 crore by promoter General Atlantic Singapore RR Pte Ltd.

Objectives of the issue include debt repayment and funding inorganic growth and corporate general purposes.

Rubicon Research is a pharmaceutical formulations firm with a strong focus on R&D and innovation.

Anantam Highways Trust IPO

Alpha Alternatives is looking to raise ₹400 crore by launching the IPO of Anantam Highways Trust, a road infrastructure investment trust (InvIT).

The price band has been set at ₹98 to ₹100 a unit. The issue is open from October 7 to October 9.

The capital raised will be used for providing loans to the special purpose vehicles (SPVs) and general purposes.

Anantam Highways Trust is an Indian infrastructure investment trust that seeks to invest in road infrastructure assets. It is sponsored by Alpha Alternatives Fund Advisors LLP.

The Trust will have an initial portfolio of the seven Project SPVs, with an aggregate of 271.65 km, located across five states and one union territory.

Mittal Sections IPO

The ₹52.91 crore BSE SME IPO of Mittal Sections is exclusively a fresh issuance of 37 lakh shares. It will be open from October 7 to October 10.

The price band has been set at ₹136 to ₹143 per share. The minimum investment for retail investors is 2,000 shares.

The objectives of the offer include capital expenditure for acquisition of land, construction of a factory and purchase of equipment, working capital needs, debt clearance and general corporate purposes.

Mittal Sections makes basic iron and steel products. It is into the manufacturing of mild steel sections and structural steel products, including round bars, MS flat bars, angles and channels.