LG Electronics India: Day 2 picture
- Subscription status: On Day 2 (Oct 8), the issue was 1.5x–2.2x subscribed overall by late morning to noon; NIIs led with ~4x, retail crossed 1x, QIBs trailed but building through the day per live trackers.
- GMP trend: Grey market premium hovered around 26%–28% (₹298–₹322), implying potential listing levels near ₹1,430–₹1,460 against the ₹1,080–₹1,140 band; note GMP is unofficial and volatile.
- Timeline: Bidding Oct 7–9; allotment expected Oct 10; tentative listing Oct 14 on BSE/NSE; lot size 13 shares.
Tata Capital: Day 3 picture
- Subscription status: Fully subscribed by late morning on Day 3 (Oct 8), with bids of 33.48 crore vs 33.34 crore shares; QIB ~1.19x, NII ~1.11x, retail ~0.84x around 11:45 am, per exchange tallies and media.
- GMP trend: Grey market premium modest at ~₹6–₹8 over ₹326 (≈1.8%–2%), pointing to a flattish-to-slight premium listing if sentiment holds.
- Timeline: Bidding Oct 6–8; allotment likely Oct 10–11 window; listing guidance around Oct 13 per trackers; lot size 46 shares.
What this means near term
- LG Electronics: Strong retail/NII traction with supportive GMP indicates constructive listing setup if QIBs accelerate into close; watch Day 3 institutional build and final book quality before sizing bids for listing gains.
- Tata Capital: Book cleared with institutional support but muted GMP suggests near-par discovery; post-listing drift may depend on margin trajectory and asset quality prints flagged by brokerage notes despite AAA balance sheet.
Key dates at a glance
- LG Electronics India: Close Oct 9; Allotment Oct 10; Listing Oct 14.
- Tata Capital: Close Oct 8; Allotment ~Oct 10–11; Listing ~Oct 13.
FAQs
- Why is LG’s GMP higher? Category leadership, premiumization, and consumer durables momentum are drawing bids, with NIIs anchoring Day 2; still, GMP can swing with QIB build and market tone.
- Why is Tata Capital’s GMP muted? Large float and tight pricing keep unofficial premiums low; QIB-led subscription cleared the book, but listing may hug issue price absent a late risk-on turn.
- What to watch next? Final day QIB subscription for both issues, anchor allocations quality, and pre-open indicative prices on listing day to gauge realized outcomes vs GMP chatter.