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LG Electronics India IPO: The public issue will open for subscription on October 7 and close on October 9, while anchor investors can bid on October 6.
LG Electronics India IPO.
LG Electronics India IPO: LG Electronics India Ltd, the local arm of South Korea’s LG conglomerate, has fixed the price band for its much-awaited Rs 11,607-crore initial public offering (IPO) 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.
The public issue will open for subscription on October 7 and close on October 9, while anchor investors can bid on October 6. 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.
LG Electronics India IPO GMP Today
According to market observers, unlisted shares of LG Electronics India Ltd are currently trading at zero, meaning flat or negative listing gains for investors as of now.
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.
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h…Read More
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h… Read More
October 01, 2025, 12:27 IST
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