LG Electronics IPO Update: Listing Scheduled for October 14; GMP Indicates Strong Premium Ahead of Debut

The much-awaited LG Electronics IPO, which witnessed overwhelming investor interest, is now set to make its market debut on October 14. Following robust demand during the subscription period, investors are now focused on the allotment status, which can be checked online through the BSE, NSE, or the registrar’s portal (Kfin Technologies). The public issue closed on October 9, receiving bids for 3,85,32,39,416 shares against 7,13,34,320 shares available, resulting in an impressive subscription rate of 54.02 times. Valued at ₹11,607 crore, the IPO was priced in the range of ₹1,080–₹1,140 per share, valuing the company at approximately ₹77,400 crore at the upper band. This issue was entirely an Offer-for-Sale (OFS) of 10.18 crore shares by its South Korea-based parent company. Hence, the proceeds from the sale will go directly to the promoter rather than the company itself. After Hyundai’s listing last year, LG Electronics will be the second South Korean firm to be listed on the Indian exchanges. Grey Market Premium (GMP) Update: The latest GMP for LG Electronics IPO stands at around ₹395, marking its highest level yet. Previously, it had touched a peak of ₹323 a day before the issue opened. Based on the current GMP and the upper end of the price band, LG Electronics shares may list around ₹1,535, implying a premium of approximately 33% over the issue price. Investment in securities market are subject to market risks. Read all the related documents carefully before investing.