LG Electronics India IPO Subscribed 54.01 Times by Day 3, Setting a Record in India's IPO Market

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LG Electronics India’s $1.3 billion IPO has been subscribed an astonishing 54.01 times as of the afternoon of the third day of bidding, reflecting overwhelming investor enthusiasm. The IPO, one of the largest this year, closes today with allotment expected on October 10 and listing slated for October 14.

Main News Body:

LG Electronics India Ltd, the Indian arm of the global consumer electronics and home appliances giant, is witnessing unprecedented demand for its initial public offering (IPO) in India. As of 4:54 PM on October 9, the third and final day of bidding, the IPO was subscribed 54.01 times, breaking records in India’s continuously hot public markets.

The book-building issue valued at ₹11,607 crore (approximately $1.3 billion) offers 10.18 crore shares priced between ₹1,080 and ₹1,140 each. The strong response from investors across categories highlights confidence in LG India’s growth prospects, robust financials, and market leadership in consumer durables such as televisions, refrigerators, washing machines, and air conditioners.

This IPO subscription frenzy positions LG Electronics India among the largest public offerings registered in 2025. Investors have poured bids worth nearly ₹4 lakh crore, driven predominantly by qualified institutional buyers (QIBs), who subscribed 27.27 times their allocation, and non-institutional investors (NIIs) with 18.27 times subscription. Retail investors too showed strong interest with a 2.91 times subscription rate.

The IPO is a pure offer-for-sale by the South Korean parent company, with no fresh equity being raised. Market analysts anticipate a potential listing price surge based on a robust grey market premium of approximately ₹310 over the upper price band, implying a strong listing debut.

Key Highlights:

IPO subscribed 54.01 times as of mid-afternoon on day 3.

Total issue size ₹11,607 crore, with 10.18 crore shares on offer.

Price band fixed at ₹1,080-₹1,140 per share; minimum lot size 13 shares.

Qualified Institutional Buyers (QIBs) led the subscription with 27.27x oversubscription.

Non-Institutional Investors (NII) subscribed 18.27 times; Retail investors 2.91 times.

Grey Market Premium of ₹310 signals positive listing-day momentum.

IPO allotment expected on October 10; stock listing scheduled for October 14 on NSE and BSE.

Analysts recommend subscribing due to LG India’s strong brand, profitable margins, and leadership position.

LG Electronics India's IPO success marks another milestone in India's dynamic IPO landscape, reflecting strong investor trust in the consumer durables sector and LG’s premium positioning in technology and innovation.

Source:
Economic Times, Moneycontrol, Groww, Hindustan Times IPO data