LG Electronics IPO GMP, Subscription Status Online Highlights: LG Electronics India, one of the most familiar names in home appliances and consumer electronics enters Day 3 of subscription. The IPO opened its subscription window on October 7. The subscription window will remain open until October 9. This Rs 11,607.01 crore IPO has been subscribed 54x.
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 that 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 | 26% |
| 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 buyers (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 saying
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.
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 exchanges 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.
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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.