India Poised for Biggest-Ever IPO Month With $5 Billion in Deals

India’s initial public offering market is set for a record October, with companies expected to raise over $5 billion, highlighting strong investor appetite in one of the world’s busiest equity hubs.

Big-ticket deals, including billion-dollar offerings from Tata Capital Ltd. and LG Electronics Inc.’s local unit, are boosting confidence that India’s $5 trillion stock market can absorb large issuance, even as US tariffs and weak earnings leave equities trailing other Asian markets.

The rush is being fueled by strong inflows from domestic mutual funds, which have helped offset foreign outflows and turned India into a bright spot for bankers in ...