LG Electronics India Ltd. is expected to witness a strong listing debut on Tuesday, driven by robust demand in the grey market. According to Investorgain, the grey market premium (GMP) for LG India’s shares is ₹411 above the IPO price range of ₹1,080-1,140, suggesting a potential listing-day gain of 36.05%. However, it’s important to note that GMP reflects unofficial market sentiment and doesn’t guarantee actual listing gains, as it can fluctuate independently of a company’s fundamentals.
The allotment status for the LG India IPO has been finalized, marking a significant milestone for one of the year’s most awaited listings. The IPO, held from October 7 to 9, saw an overwhelming subscription of 54 times. Investors applied for 385.36 crore shares against 7.13 crore offered, raising ₹4,39,311.40 crore from over 65 lakh applications, according to NSE data.
LG India, operating in India for nearly 30 years, reported FY25 revenue of ₹29,600 crore and a net profit of ₹2,850 crore, maintaining double-digit growth in both appliances and consumer electronics. The funds raised will be used to expand manufacturing, boost R&D, and develop new AI-powered home appliance products.
