LG Electronics IPO Updates: Issue booked 1.04x so far. GMP hints 28% listing pop. Check review, subscription status.

LG Electronics IPO subscription status was 1.04x on day 1. The retail portion was subscribed 81%, and NII portion has been booked 2.31x, Qualified Institutional Buyers (QIBs) portion received 49% bids. The employee portion booked 1.89 times.

The company has received bids for 7,44,97,813 shares against 7,13,34,320 shares on offer, at 17:00 IST, according to data on BSE.

In FY25, LGEDIA reported consolidated revenue of ₹24,366 crore which has been broadly classified into: i) Home appliances and Air solutions (forming 74.97% of revenue) and ii) Home entertainment (forming 25.03% of revenue).

• Build a strong foundation to capture long-term growth in India.

• Continue to be a brand of choice for Indian households across volume and premium market categories.

• Diversify business model to create new customer value.

The company is a subsidiary of LG Electronics Inc, which is a leading single-brand global home appliance player. It leverages reputation and brand recall of the ‘LG’ brand to maintain its market leadership in India. Further as part of LG ecosystem, the company uses product innovation to design and introduce new products in the country.

The company operates the largest distribution and after-sales services network among leading home appliance and consumer electronic players in India as of Jun’25. It includes a robust distribution reach of 35,640 B2C touchpoints strategically located in main shopping hubs in cities and modern trade stores like Croma, Reliance Retail, Vijay Sales, etc. As of Jun’25, the company’s after-sales service network included 1,006 service centres and 4 customer call centres and a team of 13,368 engineers to offer same day installations and repairs & maintenance services.

"Premium products such as large TVs and refrigerators are growing faster than smaller sizes and with India’s current premium segment contributing roughly 17% of sales currently, it is expected that the premium segment will reach 25–27% by FY29.

LG has positioned itself strongly to benefit from this premiumization and has recently launched new premium TV products. To meet rising domestic demand and explore export opportunities, the company has invested in a third manufacturing facility in Sri City, operational from last quarter of CY26, which will manufacture all products, including compressors.

Therefore, it is recommended to “Subscribe” to the IPO for the long-term investment, considering its growth potential and valuations," said Adroit Financial Services.

1. Market Leader in Home & Electronics
2. Consumer-Centric Innovation
3. Strong Distribution and Service Network
4. Efficiency Driven by Local Supply Chain

"The company has consistently demonstrated superior profitability and return ratios relative to industry peers, reflecting the effectiveness of its business model. With strong operational metrics, an expanding product portfolio, and strategic initiatives aimed at both B2C and B2B segments, LG Electronics is well-positioned to sustain growth, strengthen profitability, and create long-term growth in India’s dynamic home appliances and consumer electronics market. At the upper price band of ₹247, the company is valued at a P/E multiple of 35.1x FY25 earnings. We, thus, recommend a "SUBSCRIBE" rating for this issue," said BP Equities.

“The company’s diversified product mix helps it to manage the impact of seasonality on sales. It has the highest margins (10%+) among leading consumer home appliance and electronics players. The company is well poised to benefit from the recent GST rate rationalization in AC,TV, Dishwashers which will increase affordability. Amidst stiff competition from other global and Indian players in this space, market share retention remains a challenge. At the upper price band, LGEIL is valued at a P/E of 35x to its FY25 earnings, which is at ~30% discount to peers. We believe that the IPO is attractively priced and recommend a ‘Subscribe’ rating to the IPO,” said Dolat Analysis and Research.

1. Royalty and Promoter Dependence Risk
2. Potential risk of contingent liabilities
3. Highly volatile commodity prices/forex fluctuation may impact margins
4. Stiff Competition Impacting Market Shares
5. Regulatory Risks
6. Adapting to rapid technological advancements

1. Market leader in India’s home appliances and consumer electronics sector across key product categories
2. Driving operational excellence through robust manufacturing and localised supply chain

LG Electronics India Ltd has successfully raised ₹3,475 crore from anchor investors just a day before its initial public offering (IPO) opened for public subscription. The anchor book attracted significant interest from foreign investors, including notable entities such as the Singapore government, Goldman Sachs, Fidelity Funds, BlackRock Global Funds, Abu Dhabi Investment Authority, and Government Pension Fund Global, as detailed in a circular posted on the BSE's website.

Additionally, several domestic institutional investors participated in the anchor round, including SBI Mutual Fund, HDFC Mutual Fund, ICICI Prudential Mutual Fund, Kotak Mutual Fund, SBI Life Insurance Company, HDFC Life Insurance Company, and ICICI Prudential Life Insurance Company.

In total, LG Electronics India allotted 30,481,539 equity shares to 149 funds at a price of ₹1,140 each, according to the circular.

“LG Electronics has proven its ability to leverage the strong brand, technical knowhow and execution abilities as reflected in its strong market share across product categories. It has a cash rich balance sheet with superior margin and return-ratios. Further, the company continues to invest growth capital to cater to under-penetrated domestic home appliance and consumer electronic products along with positioning for export opportunity. All these factors coupled with MNC parentage makes the issue attractively priced. Thus, we assign SUBSCRIBE rating on LG Electronic IPO,” said ICICI Direct Research.

The South Korean parent company, LG Electronics Inc., is set to raise ₹11,607 crore by offering 10.18 crore shares through the Offer for Sale (OFS) mechanism.

There will not be any new equity issued in the IPO, which means that the Indian subsidiary will not receive any funds from this offering. At the highest end of the price range, the post-issue market capitalization of LG Electronics India will reach ₹77,820 crore. Following the stake sale, the promoter's ownership in LG Electronics India will be reduced to 85%.

Tentatively, LG Electronics IPO basis of allotment of shares will be finalised on Friday, October 10 and the company will initiate refunds on Monday, October 13, while the shares will be credited to the demat account of allottees on the same day following refund. LG Electronics share price is likely to be listed on BSE and NSE on Tuesday, October 14.

LG Electronics IPO has reserved not more than 50% of the shares in the public issue for qualified institutional buyers (QIB), not less than 15% for non-institutional Institutional Investors (NII), and not less than 35% of the offer is reserved for retail investors.

LG Electronics IPO GMP today is ₹318. This indicates LG Electronics share price were trading at a premium of ₹318 in the grey market, according to investorgain.com.

Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of LG Electronics share price was indicated at ₹1,458 apiece, which is 27.89% higher than the IPO price of ₹1,140.

Based on the grey market activities observed over the last seven sessions, today's IPO Grey Market Premium (GMP) is trending upward, suggesting a strong listing is anticipated. Experts indicate that the lowest GMP recorded is ₹145.00, while the highest reaches ₹318.

'Grey market premium' indicates investors' readiness to pay more than the issue price.

Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.