From financial major Tata Capital to global tech giant LG Electronics India, co-working major WeWork, and edtech unicorn PhysicsWallah, D-Street is gearing up for a wave of high-profile initial public offerings (IPOs) this October. So far in 2025, 59 mainboard IPOs have debuted on domestic bourses, even as benchmark indices, Sensex and Nifty, have shown a relatively subdued performance.

The average listing-day gains for IPOs in the calendar year 2025 have slipped to 12.7%, marking a sharp decline of over 58% from the 30.1% recorded in 2024. In comparison, the NSE Nifty has delivered nearly 4% year-to-date (YTD) returns this year, down from more than 8% recorded during the same period in 2024.

Here’s all you need to know about upcoming big-ticket IPOs:

Tata Capital IPO

The financial services arm of the Tata Group will launch its much-awaited IPO on October 6, aiming to raise around ₹16,400 crore. The company is set to announce its price band and listing date on September 29.

If successful, Tata Capital IPO will be the largest public offer of 2025, surpassing the ₹12,500 crore issue of HDB Financial Services, a subsidiary of HDFC Bank. It will also mark the Tata Group’s second market debut in recent years, after Tata Technologies’ listing in November 2023.

The IPO comprises a fresh issue of up to 210,000,000 equity shares of face value of ₹10 each and an offer for sale by certain selling shareholders of the company of up to 265,824,280 equity shares.

LG Electronics India IPO

The mega IPO of LG Electronics India is slated to hit Dalal Street in the second week of October, with the consumer durables giant aiming to raise ₹15,000 crore through a public listing of shares on domestic bourses. It is going to be the second South Korean company to tap the Indian share market following Hyundai Motors India (HMIL), which got listed in October last year after raising ₹27,870 crore in the country’s largest ever public issue.

The IPO is completely an offer for sale by South Korean parent chaebol LG, which plans to offload over 10.18 crore shares with a face value of ₹10 each, representing a 15% stake in its Indian subsidiary. Post-listing, the promoter will retain 57.69 crore shares, or an 85% holding, in the company.

LG had initially planned a launch in April-May, but deferred it amid market volatility and muted valuations driven by global trade tensions and shifting U.S. tariffs

WeWork IPO

WeWork India Management Ltd, one of the leading players in the flexible workspace segment, is looking to raise around ₹4,000 crore by listing of its shares of the domestic bourses. The company’s IPO comprises an offer for sale (OFS) of up to 43,753,952 equity shares.

Under the OFS, Bengaluru-based real estate major Embassy Buildcon LLP, the promoter, plans to offload up to 3.35 crore shares, while investor 1 Ariel Way Tenant will sell up to 1.03 crore shares. Currently, Embassy Buildcon holds 10.2 crore, or 76.21%, stake in the company, while Ariel Way Tenant owns 3.14 crore, or 23.45%, shares.

PhysicsWallah IPO

The EdTech unicorn, known for its test preparation programs for JEE, NEET, GATE, and UPSC, aims to garner ₹3,820 crore through IPO route. With this, the edtech unicorn is set to become India’s most valuable listed edtech company with a valuation of around $4 billion.

The IPO, comprising both a fresh issue of shares and an offer for sale by co-founders Alakh Pandey and Prateek Maheshwari, is likely to hit Street by third or fourth week of October, industry sources told Fortune India.

PhysicsWallah IPO comprises a fresh issue of equity shares worth ₹3,100 crore and an OFS by existing shareholders totaling ₹720 crore. The company had received the Sebi’s nod for pre-filing in July, after initially submitting its draft papers in March through the regulator’s confidential pre-filing route.

The IPO comes at a time when investor confidence in the edtech sector has been severely shaken by the struggles of peers such as SoftBank-backed Unacademy, Tiger Global-backed Vedantu, and Byju Raveendran’s Byju’s.