Will LG see a premium listing this week following blockbuster IPO?

​LG Electronics India is set to make history as it debuts on the Indian stock exchanges this week, following an unprecedented response to its initial public offering. The consumer electronics giant drew bids for an astonishing 385 crore shares, dwarfing the 7.13 crore shares put on offer and resulting in an overall subscription of 54.02 times.

This phenomenal demand pushed the total bid value past ₹4.4 lakh crore—marking the highest-ever subscription for an IPO in India and cementing its status as the year’s top draw in the primary market.​

The Rs 11,607 crore IPO, structured as a pure offer for sale, involved 10.18 crore shares tendered by LG Electronics’s South Korean parent.

There was no fresh capital raised for the Indian unit, with proceeds directed solely to the promoters. As per pricing details, the issue was pitched in the range of Rs 1,080–Rs 1,140 per share, with investors needing Rs 14,820 at the upper band to secure one lot of 13 shares.​

Participatory demand was robust across segments. Qualified Institutional Buyers led the charge with an oversubscription of 166.51 times, followed by Non-Institutional Investors (22.44 times), retail applicants (3.55 times), and employees (7.62 times). The market response was further fueled by record activity in the unofficial grey market, where premiums fluctuated in the Rs 370–421 range, suggesting a listing price between Rs 1,510 and Rs 1,561—translating to early gains of 32–35 per cent above the issue price.​

Allotment was finalised on October 10, with shares set to be credited to successful bidders by October 13. The highly anticipated listing on the Bombay Stock Exchange and National Stock Exchange will take place on October 14, and all eyes are on whether investor enthusiasm in the grey market carries through to the main bourses.​

Ambitious plans in festive season

LG Electronics India has outlined ambitious expansion plans, aiming for even greater household penetration and diversification into new product categories.

Following its previous success in the water purifier segment, LG now seeks to crack the built-in kitchen category, reflecting its commitment to innovation and meeting evolving consumer needs.​

Amid strong festival-driven consumption trends and ample market liquidity, analysts predict healthy trading momentum for LG’s shares post-listing. For applicants lucky enough to secure allotment, market watchers estimate possible debut gains of Rs 5,000–Rs 6,000 per lot, subject to the prevailing sentiment once trading commences.​

LG Electronics GMP

Over the past three days, reports suggest that the Grey Market Premium (GMP) for LG Electronics IPO showed the following trend:

October 10: GMP was Rs 380, marking a steady upward momentum.​

October 11: GMP rose to Rs 395, continuing its strong premium trajectory ahead of allotment finalisation.​

October 13: GMP moderated to Rs 360 on the eve of listing, reflecting a slight pullback, but still indicated a robust potential listing gain of over 31 per cent above the issue price.​

With a record-breaking turnout and substantial premium expected, LG Electronics’ IPO debut is poised to make a significant mark in India’s capital markets, offering insight into investor appetite for trusted consumer brands with proven market depth.​

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