LG Electronics IPO GMP Live: Non Institutional Investors lead Day 1 frenzy, issues subscribed 73% so far

The initial public offer of LG Electronics India Ltd, the Indian arm of South Korea's conglomerate LG, got subscribed 24 per cent so far on the first day of bidding on Tuesday.

The three-day IPO received bids for 1,74,53,722 shares against 7,13,34,320 shares on offer, according to NSE data till 11:21 hours.

The portion meant for non-institutional investors garnered 49 per cent subscription while the category for Retail Individual Investors (RIIs) got subscribed 28 per cent.

The initial public offering of LG Electronics India opened for public bidding today, October 7. The maiden issue of the company has been fully subscribed.

The IPO received bids for more than 7.28 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 80 percent and 224 percent of their reserved portions respectively. Qualified Institutional Buyers (QIB) have subscribed 49 percent of the portion kept for them. Read more

BP Equities has advised investors to apply for the mainboard issue of LG Electronics India Limited (LGEIL), citing the company’s strong fundamentals. “The company has consistently delivered superior profitability and return ratios compared to industry peers, highlighting the effectiveness of its business model. With robust operational metrics, a growing product portfolio, and strategic initiatives across both B2C and B2B segments, LGEIL is well-positioned to sustain growth, enhance profitability, and drive long-term expansion in India’s home appliances and consumer electronics market.

“At the upper price band of Rs 247, the company is valued at a P/E of 35.1x FY25 earnings. We, therefore, recommend a ‘SUBSCRIBE’ rating for this issue,” BP Equities added.

Several leading brokerages, including Adroit Financial Services, Aditya Birla Money, Canara Bank Securities, Centrum Wealth Management, Choice Broking, Dolat Analysis and Research, GEPL Capital, ICICI Direct, SBI Capital Securities, SMIFS, and Ventura Securities, have also given a “subscribe” rating to the LG Electronics India Limited IPO.

Qualified Institutional Buyers (QIBs) --0.15

Non Institutional Investors(NIIS) -- 1.63

Retail Individual Investors (RIIs) -- 0.68

Employee Reserved -- 1.60

Total – 0.73

"LG Electronics India stands among the country's leading home appliance and consumer electronics companies, holding dominant positions across several product segments. At the upper end of the price band of Rs 1,140, the issue is priced at a P/E multiple of 35.1x, which appears appealing relative to its industry peers. Hence, we recommend investors to subscribe to the issue," the brokerage stated in its report.

Qualified Institutional Buyers (QIBs) -- 0.07

Non Institutional Investors(NIIS) -- 1.19

Retail Individual Investors (RIIs) -- 0.53

Employee Reserved -- 1.27

Total -- 0.54

Qualified Institutional Buyers (QIBs) -- 0.04

Non Institutional Investors(NIIS) -- 0.74

Retail Individual Investors (RIIs) -- 0.41

Employee Reserved -- 1.05

Total - 0.37

Qualified Institutional Buyers (QIBs) -- 0.00

Non Institutional Investors(NIIS) - 0.48

Retail Individual Investors (RIIs) - 0.27

Employee Reserved - 0.61

Total -   0.27

Several leading brokerages, including Adroit Financial Services, Aditya Birla Money, Canara Bank Securities, Centrum Wealth Management, Choice Broking, Dolat Analysis and Research, GEPL Capital, ICICI Direct, SBI Capital Securities, SMIFS, and Ventura Securities, have also given a "subscribe" rating to the LG Electronics India Limited IPO.

BP Equities has advised investors to apply for the mainboard issue of LG Electronics India Limited (LGEIL), citing the company's strong fundamentals. "The company has consistently delivered superior profitability and return ratios compared to industry peers, highlighting the effectiveness of its business model. With robust operational metrics, a growing product portfolio, and strategic initiatives across both B2C and B2B segments, LGEIL is well-positioned to sustain growth, enhance profitability, and drive long-term expansion in India's home appliances and consumer electronics market.

"At the upper price band of Rs 247, the company is valued at a P/E of 35.1x FY25 earnings. We, therefore, recommend a 'SUBSCRIBE' rating for this issue," BP Equities added.

And the moment has arrived. LG Electronics India's jumbo IPO has opened for bidding. Stay with us for latest GMP and other updates

Assigning a "subscribe" rating to the public issue, Anshul Jain, Head of Research at Lakshmishree Investment, said, "LG Electronics India Limited demonstrates strong market leadership and financial efficiency, supported by:

Industry leadership: Holds the number one market share across key appliance categories.

Robust financials: Consistent revenue growth (₹21,352 crore in FY24) and high profitability, with a nil debt capital structure.

We recommend that investors seeking exposure to a market-dominant, financially sound company with strong prospects for sustainable, long-term growth in the Indian consumption story consider subscribing for a medium-to-long-term horizon."

Hyundai Motor India staged India's largest-ever IPO, raising $3.3 billion in a landmark share sale. The offering attracted major long-only institutional investors, drawn by the long-term growth potential of the Korean automaker's Indian operations, which align with the country's expanding middle class.

J.P. Morgan served as the senior book runner and lead manager for the record-breaking pure equity offering. Hyundai has been present in India since 1996 and currently ranks second in the passenger vehicle market, offering a portfolio of 13 models. SUVs account for the majority of its sales, while the company is also actively developing its electric vehicle (EV) segment.

The IPO offered 142.19 million shares at a price band of Rs 1,865 to Rs 1,960 ($22.18), and was oversubscribed nearly two times, driven primarily by strong institutional participation.

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South Korea's LG Electronics will offer up to 101.8 million shares of its Indian unit, LG Electronics India Ltd, in the price range of Rs 1,080 to Rs 1,140 per share, starting Tuesday. The offer values the company at as much as Rs 77,400 crore ($8.7 billion), positioning it to become India's largest listed home-appliance maker. The stock is expected to debut on October 14. The share sale follows closely on the heels of Tata Capital's $1.7 billion IPO, reflecting renewed investor confidence in India's equity markets. Analysts expect IPO proceeds in October to potentially set a record, surpassing $5 billion, despite broader market headwinds.

LG Electronics India stands as a leading player in the home appliances and consumer electronics market. The company caters to both B2C and B2B customers across India and international markets, offering end-to-end solutions that include installation, repair, and maintenance services. Its diverse product range spans washing machines, refrigerators, LED TV panels, inverter air conditioners, and microwaves. LG operates state-of-the-art manufacturing facilities located in Noida (Uttar Pradesh) and Pune.

The market capitalisation of LG Electronics India stands at Rs 77,380.05 crore. As of 31 March 2025, the company reported a PAT margin of 8.95%, an EBITDA margin of 12.75%, and a price-to-book value slightly above 13. The company has demonstrated consistent growth in both top and bottom lines over the last three fiscal years.

The shares are expected to list on the BSE and NSE on 14 October 2025.

The book-running lead managers of the public issue are Morgan Stanley India, JP Morgan India, Axis Capital, BofA Securities, and Citigroup Global Markets India.

KFin Technologies Ltd. has been appointed as the official registrar for the IPO.

The finalisation of share allotment is expected on 10 October 2025.

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Blackrock invested Rs 97.16 crore, Singapore's wealth fund Rs 171 crore and Norway's wealth fund Rs 105 crore. Abu Dhabi Investment Authority was allotted shares worth Rs 102 crore.

Domestic mutual funds were allotted about 49% of the shares set aside for anchor investors, with SBI and HDFC funds among the biggest buyers.

Together, anchor investors will buy about 30% of the 101.8 million shares on offer at the IPO.

The firm is India's second largest appliance maker and competes with Whirlpool and Samsung, in the domestic market.

Its parent firm is looking to make India its global manufacturing hub, for its competitive labor costs and strong domestic demand, an executive told Reuters last week.

LG Electronics India, the home appliances and consumer electronics manufacturer, has raised Rs 3,474.9 crore from 149 anchor investors on October 6, a day before its Rs 11,607-crore IPO opening for public. Marquee global names like Goldman Sachs, Fidelity, BlackRock, Abu Dhabi Investment Authority, Government of Singapore, Monetary Authority of Singapore, INQ Holdings, T Rowe Price International, Schroder International, Pictet and xx became shareholders of one of home appliances and consumer electronics manufacturers. (Read More)

Investors can apply in lots, with one lot comprising 13 shares of the company.

LG Electronics India aims to raise Rs 11,607.01 crore through the IPO, which is entirely an Offer for Sale (OFS).

The company has set the price band for the public issue at Rs 1,080 to Rs 1,140 per share.

The LG Electronics India IPO will open today - 7 October 2025 and remain live until 9 October 2025.

According to market observers, shares of LG Electronics India Ltd. are trading at a grey market premium (GMP) of Rs 228 today, indicating strong early investor interest ahead of the IPO.