The grey market premium (GMP) for LG India’s shares stood at ₹411 above the IPO price range of ₹1,080-1,140, according to Investorgain, indicating a potential listing-day premium of 36.05%. However, the GMP is only an indicator of demand in the unofficial market and does not guarantee gains on the listing day, as it can fluctuate independently of a stock’s fundamentals.
The allotment status for LG India’s IPO has been finalized, marking an important step for one of this year’s most anticipated listings. The IPO, held from October 7-9, was subscribed 54 times, with investors bidding for 385.36 crore shares against an offer of 7.13 crore shares, according to the National Stock Exchange of India. The issue raised ₹4,39,311.40 crore from over 65 lakh applications.
The IPO was fully subscribed on the first day, with 3.3 times subscription on the second day, following ₹3,474.90 crore raised from anchor investors. LG India plans to use the funds to expand manufacturing, boost R&D, and launch new AI-powered home appliances. The company, with nearly 30 years in India, reported ₹29,600 crore revenue and ₹2,850 crore net profit in FY25, showing strong growth in appliances and consumer electronics.
