A Snapshot of the Upcoming IPOs in October 2025
Introduction
October is going to be one of the liveliest months on the primary market, with big names in finance, consumer goods, and infrastructure getting ready to tap investors. Upcoming IPOs in October 2025 include well-known brands like Tata Capital, LG Electronics, and WeWork India, along with companies that focus on infrastructure and small and medium-sized (SME) businesses. Those who are closely watching the market expect these issues to garner attention due to their scale and diversification. Here is a list of upcoming IPOs set to come in October 2025.
Summary
Company
LG Electronics India
IPO Window
Oct 7 - 9
Issue Size (₹ Cr)
11,607.01
Business Summary
Manufactures and distributes home appliances and consumer electronics (excluding mobile phones) across India.
Link to RHP/DRHP
https://www.sebi.gov.in/filings/public-issues/dec-2024/lg-electronics-india-limited_89411.html
Company
Riddhi Display Equipments
IPO Window
TBD
Issue Size (₹ Cr)
24.68
Business Summary
Manufactures and supplies display equipment like display counters, kitchen equipment and refrigeration equipment.
Link to RHP/DRHP
https://www.chittorgarh.net/reports/ipo_notes/rhp-riddhi-display-equipments-limited-18092025_compressed-1.pdf
Company
Shipwaves Online
IPO Window
TBD
Issue Size (₹ Cr)
56.35
Business Summary
Offers a platform for shipping and logistics, providing multimodal transportation, and reliable global shipment management.
Link to RHP/DRHP
https://www.chittorgarh.net/reports/ipo_notes/prospectus_bse_shipwaves_24092025_sd.pdf
| Company | IPO Window | Issue Size (₹ Cr) | Business Summary | Link to RHP/DRHP |
|---|---|---|---|---|
WeWork India Management | Oct 3 - 7 | 3,000 | Offers co-working and flexible office spaces across major Indian cities. | |
Tata Capital | Oct 6 - 8 | 15,511.87 | Tata Group's diversified NBFC arm, offering financing for retail, SME businesses, and infrastructure. | |
LG Electronics India | Oct 7 - 9 | 11,607.01 | Manufactures and distributes home appliances and consumer electronics (excluding mobile phones) across India. | |
Anantam Highways InvIT | Oct 7 - 9 | 400 | Indian infrastructure investment trust (InvIT) focused on investing in road infrastructure. | |
Riddhi Display Equipments | TBD | 24.68 | Manufactures and supplies display equipment like display counters, kitchen equipment and refrigeration equipment. | |
Shipwaves Online | TBD | 56.35 | Offers a platform for shipping and logistics, providing multimodal transportation, and reliable global shipment management. |
Details About the Upcoming IPOs
Mainboard:
WeWork India Management
- Subscription Window: Oct 3 - Oct 7, 2025
- Price Band: ₹615 – ₹648 per share
- Issue Size: ₹3,000 Cr (100% OFS)
- Lot Size: 23 shares
- Listing Exchange: BSE & NSE
WeWork India’s IPO is entirely an Offer-for-Sale, giving liquidity to existing investors. The company is the biggest co-working space operator in the country, and it benefits from the growing need for flexible workspaces. Investors will be most interested in occupancy, improving margins, and finding a way to sustainable profitability.
Tata Capital
- Subscription Window: Oct 6 – Oct 8, 2025
- Price Band: ₹310 – ₹326 per share
- Issue Size: ₹15,511.87 Cr
- Lot Size: 46 shares
- Listing Exchange: BSE & NSE
Tata Capital, one of the biggest NBFC IPOs ever, intends to fortify its capital base and support the expansion of retail, SME, and infrastructure lending. Under the Tata umbrella, the company has a strong brand equity. Investor sentiment will be influenced by return ratios, loan book growth, and asset quality.
LG Electronics India
- Subscription Window: Oct 7 – Oct 9, 2025
- Price Band: ₹1,080 – ₹1,140 per share
- Issue Size: ₹11,607.01 Cr
- Lot Size: 13 shares
- Listing Exchange: BSE & NSE
With a sizable offer-for-sale, LG's India division is enabling investors to take part in the domestic expansion of a major player in the consumer electronics industry. This IPO offers exposure to a reliable brand at a time when demand for smart devices and appliances is growing. Margin sustainability and valuation continue to be important indicators.
Anantam Highways InvIT
Subscription Window: Oct 7 – Oct 9, 2025
Price Band: TBD
Issue Size: ₹400 Cr (proposed)
Lot Size: TBD
Listing Exchange: BSE & NSE
Anantam Highways InvIT intends to acquire multiple road projects using the Hybrid Annuity Model (HAM). Investors looking for reliable, revenue-producing assets are drawn to infrastructure trusts. Traffic volumes, toll changes, and distribution yield policy will all affect returns. The final pricing and structure will be revealed closer to the launch date.
SME:
Riddhi Display Equipments
- Subscription Window: TBD
- Price Band: ₹95 – ₹100 per share
- Issue Size: ₹24.68 Cr
- Lot Size: 1,200 shares
- Listing Exchange: BSE SME
Riddhi Display manufactures kitchenware, commercial refrigeration, and display counters. Working capital and capacity expansion will be funded by the SME IPO. Investors should evaluate order growth, customer diversification, and margin trends. Post-listing trade may be highly volatile, as is the case with the majority of SME listings.
Shipwaves Online
- Subscription Window: TBD
- Price Band: ₹12 per share
- Issue Size: ₹56.35 Cr
- Lot Size: 10,000 shares
- Listing Exchange: BSE SME
Shipwaves Online is a digital logistics and shipping solutions company offering services to MSMEs and cross-border traders. The IPO proceeds will fund working capital and platform expansion. Investors will be most interested in revenue scalability, technology adoption, and competitive positioning in logistics technology.
Conclusion
With IPOs from well-known companies like Tata Capital and LG Electronics to emerging prospects like Riddhi Display and Shipwaves Online, October 2025 is a significant month for India's primary markets. Investors can take part in growth stories across a variety of industries owing to the issues' diversity, which spans consumer, infrastructure, digital logistics, and finance.
While SMEs offer high-growth but higher-risk exposure, large-cap offerings are likely to draw widespread institutional and retail attention. As usual, investors should review the RHP/DRHP details, assess the fundamentals, and match their choices to their risk tolerance and portfolio objectives. The forthcoming initial public offerings (IPOs) in October 2025 are anticipated to maintain market activity throughout the month due to the positive sentiment and supportive liquidity.
This article is for informational purposes only and does not constitute financial advice. It is not produced by the desk of the Kotak Securities Research Team, nor is it a report published by the Kotak Securities Research Team. The information presented is compiled from several secondary sources available on the internet and may change over time. Investors should conduct their own research and consult with financial professionals before making any investment decisions. Read the full disclaimer here.
Investments in securities market are subject to market risks, read all the related documents carefully before investing. Brokerage will not exceed SEBI prescribed limit. The securities are quoted as an example and not as a recommendation. SEBI Registration No-INZ000200137 Member Id NSE-08081; BSE-673; MSE-1024, MCX-56285, NCDEX-1262.