LG Electronics India IPO GMP rises to 35% as experts see a listing pop on Oct 14; here's a buy, sell or hold strategy

LG Electronics India IPO GMP rises.

LG Electronics India IPO GMP has risen to as much as 35 percent ahead of its market debut on October 14, indicating strong investor sentiment for the Rs 11,607-crore issue.

The public offer, open between October 7 and 9, was subscribed over 54 times, led by robust demand from institutional investors.

As per platforms tracking the unregulated market trends, the shares of LG Electronics India are quoting a GMP in the range of 32-35 percent. Investorgain reported a premium of Rs 395 per share, suggesting a potential listing gain of 34.65 percent, while IPO Watch pegged the premium at 32 percent.

The company had earlier raised Rs 3,475 crore from anchor investors. The IPO was priced in a band of Rs 1,080 to Rs 1,140 per share.

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LG Electronics India is the second South Korean firm to tap the Indian capital market after Hyundai Motor India Ltd’s listing in October last year.

The company, a leading player in the home appliances and consumer electronics segment, caters to both retail and business customers. Its product range includes washing machines, refrigerators, LED television panels, inverter air conditioners, and microwave ovens. The firm operates manufacturing units in Noida, Uttar Pradesh, and Pune, Maharashtra.

LG Electronics IPO share listing: Should you buy, sell or hold?

Prashanth Tapse, Senior Vice-President (Research) at Mehta Equities, said that while a listing premium is likely, LG Electronics India presents a strong long-term investment case.

“Given its dominant position in India’s home appliances market and diversified product mix, investors who received allotment may hold the stock for the long term,” Tapse said. “Those who did not get allotment can adopt a wait-and-watch approach and consider buying on meaningful dips post-listing.”

He added that the issue was attractively priced relative to industry peers and that growth prospects remain positive, supported by steady demand and potential policy reforms that could boost consumer affordability.

Narendra Solanki, Head of Fundamental Research (Investment Services) at Anand Rathi Shares and Stock Brokers, said the company’s valuation appeared reasonable based on annualised FY26 earnings.

“At a post-issue market capitalisation of about Rs 77,380 crore and a P/E multiple of 37.6 times, the issue seems fairly priced,” Solanki said. “Investors who have received allotment could consider booking partial profits on listing gains and holding the rest for the long term.”

LG Electronics India shares will list on both the NSE and BSE on October 14.

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