LG Electronics India IPO GMP remains close to ₹300; Subscription close to 7x on last day

LG Electronics India’s subscription to its three-day initial public offering is nearly seven times the total shares offered on the last day of the offering.

It is the third-largest IPO of 2025 so far, after HDB Financial and Tata Capital, whose subscriptions closed on Wednesday.

The ₹11,607 crore IPO saw good investor interest in the first two days with the issue being fully subscribed on the first day of the offering itself and the subscription increased on the second day.

As of 1 pm on the last day of bidding, the issue is subscribed 6.81 times, with bids placed for 48.56 crore shares, compared to 7.13 crore shares on offer.

The shares reserved for individual investors, non-institutional investors and qualified institutional buyers (QIB), have all seen full subscription of the shares reserved for them.

The share of retail investors has been subscribed 2.76 times so far, with bids for 9.82 crore shares as against 3.55 crore shares on offer.

Non-institutional investors (NIIs) are leading the subscription of the IPO, with the portion reserved for them being subscribed more than 16.33 times. Non-institutional bidders placed bids for 24.88 crore shares, more than the 1.52 crore allotted to them.

Meanwhile, the portion for qualified institutional bidders (QIBs) saw an overall subscription of 6.76 times. Institutions made bids for 13.73 crore shares, up from 2.03 crore shares so far.

In the unlisted market, shares of LG Electronics India were trading 26% higher with a gray market premium of ₹298 per share, which remained stable since Wednesday. Please note that these are speculative reports only and the initial listing price may differ from these rates.

LG Electronics India shares will be listed on the stock exchanges next week, on October 14. The entire issue is an offer for sale, with parent company LG Electronics Inc selling its stake. Its Indian unit will not receive any proceeds from the show.

A total of 10.18 crore shares were offered in a price range between ₹1,080 and ₹1,140 each, implying a market capitalization of around $8.7 billion, or around ₹77,000 crore at the higher end.

Ahead of the IPO, the company raised ₹3,474 crore from several anchor investors. its board of directors had approved the issuance of 3.04 crore equity shares to eligible anchor investors at the upper end of the IPO price band of ₹1,140 per share.

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