IPO Fever in India: Retail Appetite, HNI Dynamics, and the Case for Listing Gains

IPO chatter is heating up in India as retail players chase listing gains around LG Electronics and Tata Capital.^[1][3] The conversation blends hard questions about HNI access, GMP signals, and who finally gets priced for listing day moves.

LG Electronics IPO basics and the Zerodha hurdle. The LG Electronics India IPO runs October 7-9, with a 15% OFS from its parent and a planned listing on October 14, 2025.^[1] Yet investors are raising a red flag: the HNI category isn’t showing up in Zerodha yet, prompting questions about applying under HNI and whether one can bid in both Retail and HNI categories.^[2]

Tata Capital: listing gains vs GMP reality. Some buyers are chasing listing gains on this issue, but GMP signals and market chatter point to more modest upside. The consensus? A cautious approach, with many avoiding if GMP looks weak.^[3]

WeWork IPO debates and access. On the same thread, WeWork’s listing debate shows up: subscription hovered around 0.1x on the last day, fans debated selling at listing or holding for growth. The mood ranges from regret to strategic exit.

Broker access for long-term & IPOs. A common thread asks for broker options beyond the big names, focusing on zero AMC and transparent pricing. Suggestions include: - Kotak Neo - Dhan - Groww and Angel One (mixed reviews) - Upstox (customer charges and AMC concerns) ^[5]

Closing thought: as the IPO bandwagon grows, retail sentiment hinges on HNI access, GMP cues, and the promise of listing gains.

References