IPO Frenzy: LG Electronics India’s $1.3 Billion Offering Subscribed 30 Times On Day 3

Image Source : The Financial Express

LG Electronics India’s ₹11,607 crore IPO has been subscribed 30 times by Day 3, reflecting massive investor demand. With strong financials and a ₹300 grey market premium, the offering is expected to deliver solid listing gains. Allotment is due October 10, and listing is scheduled for October 14.

LG Electronics India Ltd’s blockbuster ₹11,607 crore ($1.3 billion) Initial Public Offering (IPO) has witnessed overwhelming investor interest, with the issue subscribed 30 times by 3 p.m. on Day 3 of bidding. The offering, which opened on October 7, is one of the largest IPOs of 2025 and has drawn robust demand across retail, institutional, and non-institutional categories.

Subscription Highlights

- The IPO comprises an offer for sale (OFS) of 10.18 crore equity shares, with no fresh issue component

- As of October 9, the issue received bids for over 213 crore shares against the 7.13 crore shares on offer

- Retail investors subscribed 1.91 times, Qualified Institutional Buyers (QIBs) 2.59 times (excluding anchor investors), and Non-Institutional Investors (NIIs) 7.60 times by Day 2; Day 3 saw a surge across all categories

- Anchor investors, including SBI Mutual Fund, ICICI Prudential, HDFC, and Nippon India, were allotted 3.04 crore shares at ₹1,140 per share on October 6

Valuation & Pricing

- The IPO price band is set between ₹1,080 and ₹1,140 per share, with a minimum lot size of 13 shares for retail investors

- The company’s estimated market capitalization stands at ₹77,000 crore ($8.7 billion) at the upper end of the price band

- Grey market premium (GMP) stood at ₹300 as of October 9, implying a potential listing price of ₹1,440 and an expected gain of 26.32% per share

Strategic Context

- LG Electronics India is a market leader in consumer durables, with strong brand equity, dominant offline presence, and consistent innovation

- The IPO is aimed at providing an exit for existing shareholders while enhancing public participation in a high-performing private entity

- Post-listing, the Korean parent LG Electronics will retain an 85% stake in the Indian subsidiary

Outlook

- Allotment is expected to be finalized on October 10, with listing scheduled for October 14 on both BSE and NSE

- Analysts expect strong listing gains and long-term investor interest, citing LG’s 37% ROE and 43% ROCE for FY25

- The IPO’s success underscores investor appetite for stable, profitable consumer brands amid broader market volatility

Sources: India Today, Economic Times, Chittorgarh

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IPO Frenzy: LG Electronics India’s $1.3 Billion Offering Subscribed 30 Times On Day 3

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