Tata Capital, LG India, WeWork India IPO GMPs rise up to 11% ahead of Rs 30,000-crore fundraise starting Friday

The primary market is set for a busy start this October with three major initial public offerings (IPOs) — Tata Capital, LG Electronics India and WeWork India — hitting the street starting this Friday, together eyeing fund mobilisation of up to Rs 30,000 crore.

India continues to remain among the top IPO markets globally. Data from LSEG shows that more than 240 large and mid-sized firms raised about Rs 87,500 crore through share sales in the first nine months of 2025, making the country the third-largest market worldwide in terms of IPO fundraising.

"Investor interest is very strong and we are seeing some eight to nine very large IPOs lined up in the October–December quarter, Suraj Krishnaswamy, Managing Director, Investment Banking, Axis Capital told Reuters.

According to market participants, grey market premiums (GMPs) for the three issues have climbed up to 11 percent ahead of their launch, reflecting strong investor demand.

WeWork India, the co-working space operator, has set a price band of Rs 615–648 per share for its Rs 3,000 crore IPO. At the upper end, the valuation works out to around Rs 8,685 crore. The issue will open for public subscription on October 3 and close on October 7. Anchor investor bidding is scheduled for October 1.