LG Electronics India IPO Day 2 GMP Live: LG repeating Hyundai magic? Day 2 subscription surges to 2.61 times

LG Electronics India IPO Day 2 GMP Live: Market outlook

India’s appliances and electronics market is projected to expand from Rs 6,87,500 crore in 2024 to Rs 10,96,500 crore by 2029, registering a compound annual growth rate (CAGR) of 11%. The growth is driven by rising disposable incomes, evolving consumer preferences, and government incentives for local manufacturing.

LG Electronics India IPO Day 2 GMP Live: Market position and distribution network

The company ranks among the top three in key product categories-refrigerators (30%), inverter air conditioners (21%), washing machines (34%), and panel TVs (28%). Its extensive distribution network includes 777 exclusive brand shops and over 35,000 B2C touchpoints across India.

LG Electronics India IPO Day 2 GMP Live: Valuation and brokerage recommendation

"At the upper end of its price band, LG India is valued at a P/E of 38x (TTM EPS Rs 30) and EV/Sales of 3x, trading at a discount to industry peers. With market leadership, strong brand recognition, robust growth prospects, and strategic expansion into high-potential B2B segments, the company is well-positioned to benefit from rising demand. We recommend a 'SUBSCRIBE' rating," said Choice Broking in its IPO note.

LG Electronics India IPO Day 2 GMP Live: B2B segment growth

The company's B2B segment, valued at Rs 51,500 crore in CY24, is expected to grow at a 14% CAGR. LG Electronics is expanding into HVAC, LED solutions, and electronic blackboards, with a focus on energy efficiency and system integration.

LG Electronics India IPO Day 2 GMP Live: Financial performance for FY25

LG Electronics India reported revenue of Rs 26,782 crore and a net profit of Rs 1,710 crore in FY25, marking a 46% year-on-year growth in profit. EBITDA margins stood at approximately 13%.

LG Electronics India IPO Day 2 GMP Live: Check latest subscription numbers

Qualified Institutional Buyers (QIBs) -- 1.63

Non Institutional Investors(NIIS) -- 5.97

Retail Individual Investors (RIIs) -- 1.66

Employee Reserved -- 3.55

Total -- 2.59

LG Electronics India IPO Day 2 GMP Live: Check latest subscription numbers

Qualified Institutional Buyers (QIBs) -- 1.63

Non Institutional Investors(NIIS) -- 5.86

Retail Individual Investors (RIIs) -- 1.64

Employee Reserved -- 3.51

Total -- 2.55

LG Electronics India IPO Day 2 GMP Live: Market position and distribution network

The company ranks among the top three in key product categories-refrigerators (30%), inverter air conditioners (21%), washing machines (34%), and panel TVs (28%). Its extensive distribution network includes 777 exclusive brand shops and over 35,000 B2C touchpoints across India.

LG Electronics India IPO Day 2 GMP Live: Anchor book participation

LG Electronics India's anchor book garnered Rs 3,475 crore, drawing interest from prominent global and domestic investors including ADIA, Goldman Sachs, BlackRock, SBI Mutual Fund, and HDFC Mutual Fund.

LG Electronics India IPO Day 2 GMP Live: Market outlook

India's appliances and electronics market is projected to expand from Rs 6,87,500 crore in 2024 to Rs 10,96,500 crore by 2029, registering a compound annual growth rate (CAGR) of 11%. The growth is driven by rising disposable incomes, evolving consumer preferences, and government incentives for local manufacturing.

LG Electronics India IPO Day 2 GMP Live: Brokerage recommendation

"The company's market leadership, operational scale, and profitability make it suitable for long-term investors, warranting a 'Subscribe for Long-Term Investment' recommendation," said brokerage firm Canara Bank Securities (Canmoney) in its IPO note.

LG Electronics India IPO Day 2 GMP Live: Check latest subscription numbers

Qualified Institutional Buyers (QIBs) -- 0.98

Non Institutional Investors(NIIS) -- 5.20

Retail Individual Investors (RIIs) -- 1.49

Employee Reserved -- 3.14

Total -- 2.14

LG Electronics India IPO Day 2 GMP Live: LG Electronics IPO ranks as third-largest in India this year

LG Electronics is the third-largest IPO in India this year, after Tata Capital's ongoing Rs 15,500-crore issue and HDB Financial's Rs 12,500-crore IPO earlier in the year.

LG Electronics India IPO Day 2 GMP Live: What is the latest grey market premium

According to Investorgain.com, the last grey market premium (GMP) for LG Electronics IPO was Rs 298, as of October 8, 2025, at 11:35 AM. With the upper price band at Rs 1,140, the IPO's estimated listing price is Rs 1,438 (cap price plus today's GMP), indicating an expected gain of 26.14% per share.

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LG Electronics India IPO Day 2 GMP Live: Check latest subscription numbers

Qualified Institutional Buyers (QIBs) - 0.94

Non Institutional Investors(NIIS) -- 4.47

Retail Individual Investors (RIIs) -- 1.36

Employee Reserved -  2.93

Total - 1.91

LG Electronics India IPO Day 2 GMP Live: Check latest subscription numbers

• QIB – 0.60 times
• NII - 4.12 times
• Retail investors – 1.27 times
• Employee - 2.77 times
• TOTAL – 1.66 times

LG Electronics India IPO Day 2 GMP Live: Should you subscribe?

Elara Capital advised investors to ‘subscribe’ to the issue with a long term view. The Indian Consumer Durables space is set for a period of healthy double-digit growth, led by sturdy macro tailwinds, and tax cuts, which in turn is helping revive consumer, the domestic brokerage said. “LG Electronics is in a sweet spot to capitalize on this (market leader in most categories with presence in almost all categories and across all price points). LG Electronics is growing its localization by 1-2% every year to gradually improve its EBITDA margin. With a growth rate of 13% in the past four years and industry-leading margin, LG Electronics, seeks to maintain this run rate. LG Electronics is an asset light business model with industry-leading RoEs and RoCEs of 45% and 46% respectively in FY25,” it said.

"The IPO is highly attractively priced at PE of 35x FY25 EPS, at a 50% discount to its peers. So, we recommend a must Subscribe with a long-term view. Key risks could be the contingent liability of INR 3bn (further liability is possible in case of income tax dispute, persistently low consumer demand and competitive intensity)," it added.

LG Electronics India IPO Day 2 GMP Live: Check latest subscription numbers

The initial public offering of LG Electronics India continued to garner strong investor interest on its second day of public bidding. The maiden public issue of the home appliances and consumer electronics manufacturer has been subscribed 151 percent so far on October 8.

The Rs 11,607-crore IPO has received bids for more than 10.75 crore shares, as against the offer size of 7.13 crore shares, according to data on NSE at 11 am. Non Institutional Investors (NII) lead the subscription race, booking their reserved portion nearly 4 times. Retail Individual Investors (RII) have fully booked their reserved portion (116 percent so far), while Qualified Institutional Buyers (QIB) have subscribed 49 percent of their reserved portion.

• Qualified Institutional Buyers (QIB) – 0.49 times
• Non Institutional Investors (NII) – 3.65 times
• Retail investors – 1.16 times
• Employees – 2.59 times
  TOTAL – 1.51 times

LG Electronics India IPO Day 2 GMP Live: Check latest GMP

Ahead of listing, the unlisted shares of the company were trading with 26% GMP over the IPO price, according to data on Investorgain. This is lower than the 28% GMP quoted by the site earlier.

According to IPO Watch, the unlisted shares of the company were trading with 26% GMP over the IPO price.

LG Electronics India IPO Day 2 GMP Live: How much was the IPO subscribed on Day 1?

The maiden issue of  LG Electronics India was fully subscribed on its first day of public bidding.

The IPO received bids for around 7.45 crore shares, as against the offer size of 7.13 crore shares, according to data on NSE at 4.40 pm. Retail investors and Non Institutional Investors (NII) have booked 81 percent and 231 percent of their reserved portions respectively. Qualified Institutional Buyers (QIB) have subscribed 49 percent of the portion kept for them.

LG Electronics India IPO Day 2 GMP Live: Intense competition

The company faces significant pricing pressure from both multinational and domestic brands across major product categories, adding to market challenges.

LG Electronics India IPO Day 2 GMP Live: Tax dispute

LG Electronics India is currently involved in an ongoing tax dispute amounting to Rs 4,717 crore with Indian authorities, which could impact its financials if the outcome is not favorable.

LG Electronics India IPO Day 2 GMP Live: Royalty payments

The Indian subsidiary pays approximately 2.4% of its sales as royalty to its South Korean parent company for the use of brand name and technology.

LG Electronics India IPO Day 2 GMP Live: High import dependency

Around 46% of LG Electronics India's raw materials are sourced from outside the country, making the company vulnerable to currency fluctuations and supply-chain disruptions.

LG Electronics India IPO Day 2 GMP Live: Analyst outlook

Market analysts caution that the company's margins may come under pressure due to rising input costs and foreign exchange fluctuations, as a significant portion of its components are imported.

LG Electronics India IPO Day 2 GMP Live: Return on equity and debt position

The company reported a return on equity (RoE) of 22.6% in FY24 and continues to operate with minimal debt, supported by strong cash flows and sustained profitability.

LG Electronics India IPO Day 2 GMP Live: Operating performance

According to its draft red herring prospectus, LG Electronics India has maintained stable operating margins of around 9-10%, which are in line with its peers in the white goods industry.

LG Electronics India IPO Day 2 GMP Live: Expansion plans

LG Electronics India has announced a significant investment of $600 million to establish a new manufacturing facility at Sri City in Andhra Pradesh. The new plant will cater to both domestic demand and export markets, reinforcing the company's growth and localization strategy.

LG Electronics India IPO Day 2 GMP Live:Financial performance

In FY24, LG Electronics India reported revenue of Rs 26,782 crore and a net profit of ₹1,710 crore. The company has maintained a steady compound annual growth rate (CAGR) of around 10% over the past three years, reflecting consistent business expansion.

LG Electronics India IPO Day 2 GMP Live:Manufacturing and distribution network

The company operates two major manufacturing facilities located in Noida and Pune. Its extensive sales and service network spans thousands of distributors, dealers, and service centres across India, ensuring deep market reach and customer support.

LG Electronics India IPO Day 2 GMP Live: Market position

LG Electronics India ranks among the country's leading consumer electronics and home appliance brands, competing with major players like Samsung, Whirlpool, Godrej, and Voltas. The company holds a dominant position across key categories such as washing machines, refrigerators, air conditioners, and televisions.

LG Electronics India IPO Day 2 GMP Live: IPO allotment and listing date

The IPO allotment for LG Electronics India is expected to be finalized on October 10, with the tentative listing date set for October 14.

LG Electronics India IPO Day 2 GMP Live: Subscription status on day 1

As per BSE data, the IPO was subscribed 1.04 times overall on Day 1. Non-Institutional Investors (NIIs) led the momentum with bids at 2.31 times, followed by the Employee Reserved segment at 1.89 times, Retail Individual Investors (RIIs) at 0.81 times, and Qualified Institutional Buyers (QIBs) at 0.49 times.

LG Electronics India IPO Day 2 GMP Live: Application process and lot size

Investors can apply for the IPO exclusively online - either via banks using ASBA or through brokers using UPI. Each lot consists of 13 shares.

LG Electronics India IPO Day 2 GMP Live: Issue details

The IPO, which opened on Tuesday and will close on October 9, is entirely an offer for sale (OFS), with parent company LG Electronics Inc. divesting 10.18 crore shares. The company has fixed the price band at Rs 1,080-Rs 1,140 per share.

LG Electronics India IPO Day 2 GMP Live: LG Electronics India IPO enters second day

LG Electronics India's jumbo Rs 11,607-crore initial public offering (IPO) is entering its second day today after being fully subscribed on Day 1 itself. The strong investor response reflects high market interest, supported by a robust grey market premium (GMP) of around 24% and positive analyst sentiment.