Last Updated:
LG Electronics India Ltd opens its Rs 11607 crore IPO from October 7 to 9, with listing on NSE and BSE on October 14. The IPO is an offer for sale of 10.18 crore shares.
LG Electronics India IPO open today, October 07.
LG Electronics IPO GMP: LG Electronics India Ltd, the local arm of South Korea’s LG conglomerate, opens its initial public offering (IPO) for public subscription today, i.e., Tuesday, October 7. The IPO will remain open for public subscription until October 9. Its allotment will be finalised on October 10, while the listing will likely take place on both the NSE and the BSE on October 14.
As of Day 1 around 5:00 PM, LG Electronics India Limited’s IPO received bids for 7.38 crore shares against 7.13 crore shares offered, showing a subscription of around 1.04 times (104%).
LG Electronics IPO Price Band
The price band for the Rs 11,607-crore IPO has been fixed in the range of Rs 1,080-1,140 per share.
At the upper end of the price range, the company is valued at about Rs 77,400 crore.
LG Electronics India IPO Lot Size
The lot size for an application is 13. The minimum amount of investment required by a retail investor is Rs 14,820 (13 shares), based on the upper price. The lot size investment for small NII is 14 lots (182 shares), amounting to Rs 2,07,480, and for big NII, it is 68 lots (884 shares), amounting to Rs 10,07,760.
LG Electronics India IPO GMP Today
According to market observers, unlisted shares of LG Electronics India Ltd are currently trading at Rs 1,458 apiece, compared with the upper IPO price of Rs 1,140. It means a grey market premium (GMP) of 27.89%, indicating decent listing gains for investors.
The GMP is based on market sentiments and keeps changing. ‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
The IPO will be listed on both the BSE and the NSE.
LG Electronics India IPO: Should You Apply?
LG Electronics India Ltd leadership in India’s home appliances and
consumer electronics industry is driven by a combination of its strong
brand equity, pioneering innovation, extensive distribution reach, robust manufacturing infrastructure, and long-standing supplier relationships all backed by the global strength and technological capabilities of LG Electronics Inc.
Anand Rathi noted that on the valuation front, based on annualized FY26 earnings, the company is seeking a P/E of 37.6 times, and a post-issue market capitalization of approximately Rs 7,73,801 million, making the issue appears to be reasonably priced. Looking at strong legacy brand recognition with market leadership across multiple consumer durables products along with inhouse production capacity among the peers in India making it giant in industry.
“Hence, we assign “Subscribe” rating for the issue,” it added.
LG Electronics India IPO: More Details
The IPO, which is entirely an offer for sale of 10.18 crore shares — representing nearly 15 per cent stake — will see all proceeds go to the South Korean parent, as LG Electronics India itself will not receive any funds from the issue.
This marks the second South Korean company to list on Indian bourses after Hyundai Motors India made its debut in October last year. LG Electronics India, a major player in consumer electronics and home appliances, has manufacturing units in Noida and Pune, producing washing machines, refrigerators, LED TVs, air conditioners, and microwaves. For FY24, the company reported revenue from operations of Rs 64,087.97 crore.
In terms of allocation, 50 per cent of the issue is reserved for qualified institutional buyers, 35 per cent for retail investors, and 15 per cent for non-institutional investors. The company is expected to list on October 14, with Morgan Stanley India, J P Morgan India, Axis Capital, BofA Securities India, and Citigroup Global Markets India managing the issue.
Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More
October 07, 2025, 09:45 IST
Read More
