The IPO pipeline in India is red hot, and the market is responding. LG Electronics India’s IPO, priced in the ₹15,000-cr range, was fully subscribed within hours of launch, signaling robust demand across investor categories. In the SME space, Munish Forge made its debut on the NSE SME platform today after an IPO that saw 3.53× subscription; however, its grey market premium (GMP) stands at 0%, implying its listing could open flat. Meanwhile, Canara HSBC Life announced a price band of ₹100–106 per share for its impending IPO, aiming for a valuation of about ₹100.7 billion.
These IPOs reflect continued confidence in select sectors and inject fresh liquidity into the equity markets.