The LG Electronics India IPO has witnessed remarkable investor interest, with both the retail and non-institutional investor (NII) portions fully subscribed within the first two days of bidding. The grey market premium (GMP) has surged to ₹300, signaling strong market optimism ahead of the stock’s official listing.

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Retail Investors Fully Subscribe to Their Portion Non-Institutional Investors Lead the Subscription Qualified Institutional Buyers Lag Slightly

The ₹11,607 crore initial public offering (IPO) is entirely structured as an Offer For Sale (OFS), meaning that the parent company, LG Electronics Inc., is selling its stake in the India unit. Consequently, the India subsidiary will not receive any proceeds from this issue.

Retail investors have shown keen interest in the IPO, fully subscribing to their reserved allocation on the second day of bidding. Till around 12:30 pm on Wednesday, retail investors had placed bids for 4.85 crore shares, compared to 3.55 crore shares available to them.

This strong response highlights growing retail enthusiasm for LG Electronics India shares, reflecting confidence in the company’s brand and future growth prospects in the Indian market.

Also Read: TCS Shares Continue to Rebound Ahead of Q2FY26 Results

Non-Institutional Investors Lead the Subscription

Non-institutional investors (NIIs) are taking a prominent lead in this IPO. The portion reserved for NIIs has been subscribed 4.51 times, with 6.87 crore shares bid against the 1.52 crore shares allocated for this segment.

The robust subscription by NIIs demonstrates significant confidence from high-net-worth investors, indicating that the stock is expected to perform well once listed.

Qualified Institutional Buyers Lag Slightly

The Qualified Institutional Buyers (QIBs) segment has been slower to subscribe, with 79% of the portion filled so far. Bids have been placed for 1.61 crore shares out of 2.03 crore shares reserved.

This slower uptake may be attributed to institutional caution in OFS offerings, as investors assess market conditions and valuations before committing funds.

Grey Market Premium Reflects Optimism

In the unlisted markets, LG Electronics India shares are trading at a grey market premium (GMP) of ₹298–₹300 per share on the second day of subscription. While these are speculative prices, they indicate high investor confidence and positive expectations ahead of the stock’s official listing on October 14.

The IPO subscription window will close on October 9, after which the allotment and listing process will commence.

IPO Structure and Details

The IPO offers a total of 10.18 crore equity shares at a price band of ₹1,080 to ₹1,140 per share, giving the company a market capitalisation of approximately ₹77,000 crore ($8.7 billion) at the upper end of the price band.

Before the IPO, LG Electronics India raised ₹3,474 crore from multiple anchor investors. The company’s board approved the allocation of 3.04 crore equity shares to anchor investors at the upper price band of ₹1,140 per share, ensuring strong initial backing for the public offering.

Comparing the LG IPO With Other Major Offerings

The LG Electronics India IPO is the third-largest IPO in India in 2025, following the ₹15,500 crore Tata Capital IPO and the ₹12,500 crore HDB Financial IPO. The scale of the offering, coupled with strong investor response, underscores its significance in India’s capital markets this year.

What This Means for Investors

The strong subscription trends, especially among retail and NII segments, reflect high investor confidence in LG Electronics India. The grey market premium further indicates that investors expect positive listing gains.

As the IPO concludes, market watchers will focus on the listing price and early trading performance, which will provide insights into investor sentiment and the stock’s potential for growth.

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