LG Electronics IPO Subscribed Over 3 Times On Day 2, Check Latest GMP And Other Details

The initial public offering (IPO) of LG Electronics has been subscribed more than 3 times as on October 8, 2025, the second day of the public issue. The public issue will remain available for bidding till October 9. The Rs 11,607-crore LG Electronics IPO is offering its shares with a price band of Rs 1,080-1,140 per share in lot size of 13 shares. Retail investors can invest a minimum amount of Rs 14,820 per lot.

LG Electronics IPO is entirely an offer for sale (OFS) issue, where its South Korean parent, LG Electronics Inc., will be selling 101.81 million equity shares. Post the initial share sale, LG Electronics Inc.’s stake in LG Electronics India, will reduce to 85 per cent from earlier 100 per cent.

LG Electronics will not receive any proceeds from the IPO, since it is an entirely an OFS issue. Axis Capital, Citigroup Global Markets India, Morgan Stanley India Company, JP Morgan India, and BofA Securities India are the book-running lead managers of LG Electronics’ IPO, while KFin Technologies is the registrar.

LG Electronics IPO Subscription Status: Day 2

As of 2:42 PM on the second day of bidding, the qualified institutional buyer (QIB) quota was subscribed 1.81 times, the non-institutional investor (NII) category saw 7.04 times subscription, and the retail investor portion was booked 1.83 times.

Employees of the company, which are being offered at a discount of Rs 108 to the issue price, subscribed 3.91 times.

LG Electronics IPO GMP

The grey market premium (GMP) of LG Electronics shares are trading at Rs 300 per share over the issue price, according to multiple websites that track grey market activities.

Given the current GMP and the upper end of the price band of Rs 1,140, the expected listing price of LG Electronics is Rs 1,440 per share. This translates into a potential listing gain of 26.32 per cent. It is worth noting that GMP shows investor interest in an IPO, however, it may not reflect actual gain on the day of listing.

LG Electronics IPO Allotment Date, Listing Date

The allotment of LG Electronics shares is expected to be finalised by October 10, and shares are scheduled to tentatively list on both the NSE and the BSE on October 14. Applicants can check their allotment status from either the NSE or the BSE websites, or from registrar’s portal, which is Kfin technologies.

LG Electronics Company Profile

LG Electronics India, a wholly-owned subsidiary of South Korea’s LG Electronics Inc., is a leading global home appliance brand. It holds a dominant position in India across several product categories.

According to an ICICI Direct report, LG is the market leader with about 33.50 per cent share in washing machines, 29.90 per cent in refrigerators, 27.50 per cent in panel televisions, 20.60 per cent in inverter air conditioners, and 51.40 per cent in convection microwaves as of the first half of calendar year 2025.