LG Electronics IPO GMP, Subscription Status Online Live Updates: LG Electronics India, one of the most familiar names in home appliances and consumer electronics, opened its subscription window today, October 7. The subscription window will remain open until October 9.
Here’s what you should keep in mind before placing your bid.
LG Electronics India IPO: Dates, price band, and lot size
LG Electronics India’s IPO subscription opens today, October 7, and will remain active until October 9. The price band of the issue is between Rs 1,080-1,140 per share. The minimum retail lot of the issue is 13 shares.
The offer is structured as a pure Offer for Sale (OFS). This means tht meaning there is no fresh capital being raised. Existing promoters are selling their shares, and the company itself will not receive any IPO proceeds.
| LG Electronics India IPO | Key Details |
| Price Band | Rs 1,080-1,140 per share |
| IPO Date | October 7-9 |
| GMP | 28% |
| IPO Allotment date | October 10 |
| Listing date | October 14 |
LG Electronics India IPO: How the shares are divided
The IPO is designed to attract a mix of investors. This includes 50% of the shares reserved for qualified institutional acquireers (QIBs). 15% for non-institutional investors (NIIs), and 35% for retail investors.
Promoter LG Electronics Inc will offload over 10 crore shares, reducing its stake from 100% to 85% post-IPO.
LG Electronics India IPO: What the GMP is declareing
As of the latest, LG Electronics India’s unlisted shares are trading at around Rs 1,418. This indicates a premium of 24% over the IPO’s upper price band.
The IPO allotment is expected to be finalised on October 10, with listing scheduled for October 14 on both the NSE and BSE.
The issue is being managed by heavyweights including Morgan Stanley, JP Morgan, Citigroup, Axis Capital, and BofA Securities, with KFin Technologies acting as the registrar.
Live Updates
LG Electronics IPO Subscription Status Live: Follow Live Coverage on LG Electronics IPO GMP, Subscription Status, Grey Market Premium, Listing Date, Review and More
LG Electronics IPO Subscription Status, GMP Live: Early subscription trfinish
The LG Electronics IPO opened its bidding today. At this hour, the issue was subscribed 0.17 times overall, with retail investors leading the response at 0.19 times, while the NII (non-institutional investor) category saw a subscription of 0.33 times. The QIB (qualified institutional acquireer) segment is yet to see any bids. The bidding process is still underway and will remain open till October 9.
LG Electronics IPO Subscription Status, GMP Live: Promoter stake dilution
After the IPO, the parent’s holding in LG Electronics India will drop from 100% to around 85%, resulting in a 15% reduction in promoter ownership.
LG Electronics IPO Subscription Status, GMP Live: Fair valuation, Positive outsee
“The IPO is entirely an OFS (Rs 11,607 cr) issue. At the upper price-band, the issue is valued at 35.1x P/E. The company is a market leader with leading market share across product categories. Leveraging it’s technological innovations, decades of operations which enable better understanding of consumer behaviour & navigating modify of preferences along with band loyalty & value are all the factors that will command valuations. Compared to peers, we see the issue fairly valued, w recommfinish “SUBSCRIBE” to the issue,” stated Aditya Birla Money in its IPO note.
LG Electronics IPO Subscription Status, GMP Live: Market presence in India
The company holds significant market share in multiple categories: 34% in washing machines, 30% in refrigerators, 51% in microwaves, and 28% in TVs. It operates over 35,600 B2C touchpoints and 777 brand shops nationwide.
LG Electronics IPO Subscription Status, GMP Live: Market leadership and growth drive positive outsee
“India’s home appliances and consumer electronics market is expected to grow to ~Rs. 10,965bn by CY29, driven by a rising middle class, premiumization, and urbanization. The B2B segment, valued at ~Rs. 515bn in CY24, is projected to grow at a 14% CAGR, with the company expanding into HVAC, LED solutions, and electronic blackboards, focapplying on energy efficiency and system integration,” stated the brokerage Choice in its IPO note.
“At the upper finish of its price band, LG India is valued at a P/E of 38.0x (TTM EPS Rs. 30) and EV/Sales of 3.0x, trading at a discount to its indusattempt peers. Given its market leadership, strong brand, robust growth prospects, and strategic expansion into high-potential B2B segments, the company is well-positioned to benefit from rising demand. Thus, we recommfinish a “SUBSCRIBE” rating,” added the report.
LG Electronics IPO Subscription Status, GMP Live: Entirely an offer-for-sale
The IPO is structured as a full Offer-for-Sale (OFS), with LG Electronics Inc., the Korean parent, selling 10.18 crore shares worth Rs 11,607 crore. No fresh shares are being issued, so the Indian subsidiary will not receive any funds from the IPO.
LG Electronics IPO Subscription Status, GMP Live: ICICI Direct in its IPO note
“LGEDIA has proven its ability to leverage the strong brand, technical knowhow and execution abilities as reflected in its strong market share across product categories. It has a cash rich balance sheet with superior margin and return-ratios. Further, the company continues to invest growth capital to cater to under-penetrated domestic home appliance and consumer electronic products alongwith positioning for export opportunity. All these factors coupled with MNC parentage builds the issue attractively priced. Thus, we assign SUBSCRIBE rating on LGEDIA IPO,” stated ICICI Direct in its IPO note.
LG Electronics IPO Subscription Status, GMP Live: Anand Rathi Research on IPO valuation
“On the valuation front, based on annualised FY26 earnings, LG Electronics is seeking a P/E of 37.6 times, and a post-issue market capitalisation of approximately Rs 77,380 crore, building the issue appear to be reasonably priced. Looking at a strong legacy brand recognition in the market leadership across multiple consumer durables products, along with in-hoapply production capacity among its peers in India, builds it a giant in the indusattempt. Hence, we assign a ‘Subscribe’ rating for the issue,” stated Anand Rathi Research in an IPO note.
LG Electronics IPO Subscription Status, GMP Live: Anchor investor lock-in details
The anchor book of the IPO saw allocation of around 3.04 crore shares at Rs 1,140 per share, raising approximately Rs 3,475 crore. Anchor investors face a lock-in period of 30 days for half their shares and 90 days for the remaining portion, as per SEBI’s revised rules.
LG Electronics IPO Subscription Status, GMP Live: Investor reservation and allocation
The IPO follows the standard allocation structure:
– 50% of the offer is reserved for qualified institutional acquireers (QIBs),
– 15% for non-institutional investors (NIIs), and
– 35% for retail investors.
LG Electronics IPO Subscription Status, GMP Live: Operational scale and distribution network
As of June 2024, the company had a wide network consisting of 25 warehoapplys, approximately 949 service centers, over 12,500 service engineers, and nearly 36,000 retail touchpoints. In addition, LG India works with more than 31,000 sub-dealers, serving both B2C and B2B customers.
LG Electronics IPO Subscription Status, GMP Live: Business overview
LG Electronics India operates across the consumer electronics and home appliances categories, offering products such as refrigerators, washing machines, televisions, air conditioners, and microwave ovens. The company’s manufacturing facilities are located in Noida and Pune, supported by a vast distribution and service network across India.
LG Electronics IPO Subscription Status, GMP Live: Subscription window and key dates
The IPO is open for bidding from October 7 to October 9. The allotment is expected to be finalised on October 10, and the credit of shares to demat accounts may take place by October 13. The tentative listing date for the stock on both exmodifys is October 14.
LG Electronics IPO Subscription Status, GMP Live: Raises Rs 3,475 crore from anchor investors
A day before its public issue opens, LG Electronics India has raised Rs 3,475 crore from anchor investors as part of its pre-IPO placement. The consumer electronics major allotted 3.04 crore equity shares at Rs 1,140 per share to a group of 149 institutional investors, as disclosed in its filing to the BSE.
The anchor book drew participation from a mix of global and domestic investors, reflecting broad institutional interest. Among the key global participants were the Government of Singapore, Goldman Sachs, Fidelity Funds, BlackRock Global Funds, Abu Dhabi Investment Authority, and the Government Pension Fund Global. On the domestic front, major names such as SBI Mutual Fund, HDFC Mutual Fund, ICICI Prudential MF, Kotak MF, SBI Life Insurance, HDFC Life, and ICICI Prudential Life Insurance secured allocations in the anchor round.
LG Electronics IPO Subscription Status, GMP Live: Lead managers and registrar
The issue is being handled by some of the leading investment banks. The book running lead managers include Citigroup Global Markets India, Morgan Stanley India, JP Morgan India, Axis Capital, and BofA Securities India. KFin Technologies is the registrar for the IPO, overseeing allotment and investor communication.
LG Electronics IPO Subscription Status, GMP Live: Issue size and offer structure
The IPO is entirely an Offer for Sale (OFS) of 10.18 crore equity shares by the parent firm LG Electronics Inc. The issue size amounts to Rs 11,607 crore, and no new shares are being issued. Consequently, all proceeds will go to the promoter entity, with no fresh capital inflow to the company itself.
Also Read: Tata Capital Vs LG Electronics – Which mega IPO can turbocharge your portfolio this Diwali?
LG Electronics IPO Subscription Status, GMP Live: Price band and minimum investment
The company has set the price band between Rs 1,080 and Rs 1,140 per share. Investors can apply for a minimum of 13 shares per lot, which means the minimum investment at the upper price band stands at Rs 14,820.
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