Mumbai: The initial public offering (IPO) of LG Electronics India Ltd witnessed an overwhelming response from investors, with the issue subscribed more than 54 times by the close of bidding on Wednesday. The ₹11,607-crore share sale, which opened on October 7 and concluded on October 9, is now one of the most oversubscribed IPOs in recent times.
According to data from the National Stock Exchange (NSE), the issue received bids for over 385 crore shares against the 7.13 crore shares on offer, reflecting robust demand across all investor categories.
Strong investor response across segments
The qualified institutional buyers (QIBs) category saw the highest participation, with subscriptions soaring to 166.51 times. The non-institutional investors (NIIs) segment followed with 22.44 times subscription, while the retail individual investors (RIIs) category subscribed 3.54 times.
Before the issue opened for the public, LG Electronics India had already raised ₹3,475 crore from anchor investors, signalling strong institutional confidence in the company’s fundamentals and growth prospects.
Grey market premium surges to 27%
In the unlisted market, LG Electronics India’s shares are witnessing strong demand. Tracking platforms such as Investorgain and IPO Watch reported that the grey market premium (GMP) for the IPO surged to ₹310, translating to a potential listing gain of around 26–27%.
At the upper end of the price band of ₹1,080–₹1,140 per share, the company is valued at approximately ₹77,400 crore. The robust grey market activity indicates high investor optimism ahead of the stock’s debut.
Timeline and listing details
The IPO allotment is expected to be finalised by October 10, while listing on the stock exchanges — the NSE and BSE — is scheduled for October 14.
If current market sentiment holds, LG Electronics India could deliver one of the strongest debut performances among large-cap IPOs in 2025.
A milestone for foreign participation
This IPO marks a significant milestone, as LG Electronics India becomes only the second South Korean company to list on Indian bourses, following Hyundai Motors India Ltd, which went public in October 2024.
Industry experts view this as part of a growing trend of multinational subsidiaries seeking listings in India to unlock shareholder value and deepen their local market presence.
Company overview
LG Electronics India is among the leading players in the Indian home appliances and consumer electronics sector, catering to both B2C and B2B segments. Its wide product portfolio includes refrigerators, washing machines, LED TVs, inverter air conditioners, and microwave ovens.
The company operates two major manufacturing facilities located in Noida (Uttar Pradesh) and Pune (Maharashtra), which serve both domestic and export markets. In addition to manufacturing, the company provides installation, maintenance, and repair services for its entire product range.
Market expectations and outlook
Market analysts suggest that LG Electronics India’s attractive pricing, coupled with its strong brand equity, diversified product base, and deep penetration in Indian households, have contributed to the stellar investor response.
“With its leadership in the consumer durables space and consistent revenue growth, the IPO attracted long-term institutional investors looking for exposure to India’s growing consumption story,” said a market analyst from Mumbai-based brokerage firm Prabhudas Lilladher.
The listing performance on October 14 will be closely watched, as it could set the tone for other global corporations exploring listings in India’s buoyant capital markets.