LG Electronics IPO GMP rises to 35% as investors await share allotment - Check key details

LG Electronics IPO GMP rises. 

LG Electronics India IPO GMP rose to 35 percent on Friday as investors await for the share allotment, following a 54.02 times subscription to the issue, driven by overwhelming participation from institutional buyers.

According to platforms tracking the grey market activities, the shares of LG Electronics India are commanding a GMP of around 33-35 percent in the unregulated market. Investorgain quoted a GMP of Rs 395 for the shares of the company, indicating a listing gain of 34.65 percent. IPO Watch quoted a GMP of 33 percent.

Check All IPO News

The IPO share allotment is likely to be finalised later tonight, October 10.

The Rs 11,607-crore LG Electronics India IPO was open for public subscription from October 7-9 in the primary market. The company had fixed the price band at Rs 1,080-1,140 per share.

IPO applicants can check their LG Electronics IPO allotment status on the official website of the registrar, KFin Technologies Limited, by entering their application number or PAN. The status will also be available on the BSE and NSE websites.

LG Electronics India IPO allotment date today: How to check status online

LG Electronics India is a leading player in major home appliances and consumer electronics. The company's products are sold to both B2C and B2B customers in India and abroad. It also provides installation, repair, and maintenance services for all its products.

The company manufactures and sells products, including washing machines, refrigerators, LED TV panels, inverter air conditioners, and microwaves. It has manufacturing units at Noida, Uttar Pradesh and Pune, Maharashtra.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.