LG Electronics, Hero Fincorp, NSDL: Which other IPOs may hit D Street in July?

Kolkata: Even before the uncertainties around global trade following US President Donald Trump's retaliatory tariffs faded and before the US Fed cutting key interest rates, the Indian stock markets seem to be witnessing a resurgence of investor confidence. While the secondary market is showing indication of this confidence, the activity in the primary markets seem to be a bigger indicator of investor ebullience.

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A number of prominent names are supposed to raise money from the primary market this month. Reports state that at least half a dozen prominent names are going to rain new issues on Dalal Street this month. By the way HDB Financial Services which raised Rs 12,500 crore is so far the biggest issue to hit the market. Let's have a look.

LG Electronics India IPO

Though the date for LG Electronics India IPO has not yet been announced, according to reports, the South Korean major is going to float an IPO to mop up nothing less than Rs 15,000 crore. It will be one of the biggest IPOs in the country in the past several years. Late last year, another South Korean major Hyundai Motor India IPO became the largest in India's history and it raised Rs 27,870.16 crore (about $3.3 billion). LG Electronics India was incorporated in 1997 and is a major manufacturer and distributor of home appliances and consumer electronics. It is likely to consist of only an Offer For Sale (OFS) and no fresh issue.

NSDL IPO

NSDL is a major depository of India. Though far smaller than the LG Electronics issue in size, the NSDL IPO is the most talked about IPO this year after the NSE issue, the date for which hasn't yet been indicated. The NSDL IPO was given the green light by the capital markets regulator SEBI in October 2024. It will raise Rs 3,000 crore from the market. The unlisted shares have also shown significant investor interest, though the price band for HDB Financial Services IPO which was somewhat low, dampened the NSDL unlisted prices. It will be an OFS and IDBI Bank and National Stock Exchange, which have 26.10% and 24% of NSDL, will dilute their stakes.

Hero FinCorp IPO

Hero FinCorp is the financial arm of the two wheeler giant Hero MotoCorp. It offers financing options for the vehicles of Hero MotoCorp apart from other financial services. It has got an approval from the market regulator to raise Rs 3,668.13 crore through the issue. After the HDB Financial IPO, it is going to be another major new issue by a financial services company.

JSW Cement IPO

JSW Cement is one of the top 10 cement manufacturers in the country. It is expected to hit the market with a Rs 4,000-crore new issue, of which half will be raised through the issue of fresh shares. The Sajjan Jindal-led company has a bright future given the thrust in infrastructure and real estate in a growing economy. It has also started road shows.

Greaves Electric Mobility IPO

Greaves Electric manufactures two-wheeler and three-wheeler vehicles. It is going to raise Rs 1,000 crore. About 19 crore shares will be offered through an OFS via which key investors such as Abdul Latif Jameel Green Mobility Solutions will be diluting its stake.

BlueStone IPO

The size of the BlueStone IPO will be the same as Greaves Electric Mobility new issue -- Rs 1,000 crore. It will have both a fresh issue and OFS segment. The OFS could consist of 2.4 crore shares. It offers digital first shopping experience and is one of the first brands to do so in this segment. BlueStone is present all over the country with 203 stores across 86 cities in India. It services more than 12,600 PIN codes across the country.