IPO Calendar: 1 new issue opening; all eyes on LG Electronics, Tata Capital IPO listings this week

The Indian primary market is set for a relatively subdued week, with only one mainboard IPO — Midwest, opening for subscription. Meanwhile, three ongoing mainboard issues and three SME offerings will close their bidding this week. Investors will also keep an eye on two major listings, Tata Capital and LG Electronics — debuting on Monday and Tuesday, respectively. In total, around eight companies are lined up to list on the exchanges during the week.

Tata Capital Listing: The highly anticipated listing of Tata Capital’s Rs 15,511 crore IPO will take place on Monday, October 13. The grey market premium (GMP) remains largely flat, suggesting that the stock could list close to its issue price of Rs 326 per share.
IPOs Closing: Canara Robeco Rubicon Research
Both issues will close for subscription on October 13.

LG Electronics Listing: The Rs 11,607 crore IPO of LG Electronics will make its market debut on Tuesday. The issue smashed all records, drawing subscriptions worth over Rs 4 lakh crore, and was subscribed 54 times over three days last week.​
Mittal Sections Listing: This SME IPO, worth Rs 52.9 crore, will list on the BSE SME platform. Based on GMP trends, the stock may debut flat near the upper price band of Rs 143 per share.
Anantam Highways Trust InvIT: An infrastructure investment trust (InvIT) issue worth Rs 400 crore priced at Rs 100 per unit, focused on road development projects, will open this week.
IPOs Closing: Canara HSBC Life Insurance
Sihora Industries (SME)
SK Minerals (SME)
Shlokka Dyes (SME)
These issues will close for subscription on October 14.

Midwest IPO Opening: The Rs 451 crore book-built IPO of Midwest opens for subscription on Wednesday. The issue comprises both a fresh issue and an offer-for-sale component, with an upper price band of Rs 1,065 per share.

Canara Robeco Listing: Canara Robeco’s IPO, with a total issue size of Rs 1,326 crore, will debut on Thursday. As per GMP trends, the stock could list with gains of around 7%.
Rubicon Research Listing: Rubicon Research, which raised Rs 1,377 crore, is also set to debut on Thursday. GMP indications suggest the stock could list at a 23% premium over its issue price.​
Midwest IPO Day 2: Subscription for Midwest’s IPO will continue, with interest expected from retail, HNI, and QIB investors.

Canara HSBC Life Insurance ListingThe insurer’s stock will list on Friday. GMP trends point to a flat debut, with modest gains of about 2% over the issue price.
Anantam Highways Trust InvIT ListingThe Rs 400 crore InvIT, priced at Rs 100 per unit, will also list on Friday. The trust is focused on investment in road infrastructure projects.
Midwest IPO Day 3Friday marks the final day of bidding for the Midwest IPO. Investors across categories – retail, HNI, and QIB – will have their last opportunity to subscribe.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)