LG Electronics IPO Day 1 LIVE: Issue Subscribed 18%, GMP Suggests 28% Listing Gains — Key Details and Expert Review
LG Electronics IPO Day 1 sees 18% subscription; GMP at ₹318 indicates 28% listing gain. Check IPO price band, subscription status, expert review, and listing details.
LG Electronics India IPO opens for subscription with strong GMP signals indicating robust investor interest.
The much-awaited LG Electronics India IPO got opened for subscription on October 7, 2025, and will be open for subscription until October 9, 2025. The price band fixed for the issue is between ₹1,080 and ₹1,140 per equity share, raising ₹11,607 crores through the Offer for Sale or OFS of 10.18 crore shares by the South Korean parent LG Electronics Inc.
IPO Subscription and Listing Details
As of Day 1, the LG Electronics IPO has been booked 18%, indicating steady investor interest. The Grey Market Premium (GMP) stands at ₹318, hinting at a potential 28% listing gain. At this GMP, the estimated listing price could be around ₹1,458 per share, compared to the upper price band of ₹1,140.
The basis of allotment is expected to be finalized on October 10, with refunds likely on October 13. The shares will be credited to demat accounts the same day, and listing is tentatively scheduled for October 14 on both BSE and NSE.
IPO Structure and Reservation
This IPO is a pure OFS, meaning no new shares will be issued and the proceeds will go directly to the parent company. Post-offer, the promoter’s holding in LG Electronics India will reduce to 85%.
- QIBs: Up to 50% reserved
- NIIs: Minimum 15% reserved
- Retail investors: Minimum 35% reserved
Company Overview
LG Electronics India Ltd is one dominating name in the home appliances and customer electronics market serving both B2C and B2B markets. The company manufactures refrigerators, washing machines, air conditioners, LED panels, and microwave ovens, having its major plants at Noida and Pune.
At the upper end of the price band, LG Electronics India will command a market capitalization of around ₹77,820 crore post-listing.
Expert Review & Brokerage Recommendation
According to ICICI Direct Research, “LG Electronics has demonstrated strong execution, brand leverage, and superior return ratios. Backed by its cash-rich balance sheet and strong market presence across multiple product categories, the IPO appears attractively priced for long-term investors. We recommend a ‘SUBSCRIBE’ rating.”
Analysts also highlight that the company’s consistent investment in innovation, domestic market expansion, and export opportunities make it well-positioned for sustained growth.
