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LG Electronics India IPO Allotment Today: Record ₹4.4 Trillion Bids, GMP Signals Strong Listing
Investor focus has shifted to allotment day as LG Electronics India Ltd reaches a critical milestone in its blockbuster initial public offering. After closing its three-day subscription window on October 9, the IPO allotment process is expected to be completed today, October 10, setting the stage for one of India’s most anticipated stock market debuts this year.
The ₹11,607-crore issue, structured entirely as an offer for sale (OFS) by the South Korean parent, has already entered the record books, drawing extraordinary demand across investor categories and reinforcing bullish sentiment around India’s consumer electronics sector.
Record-Breaking Subscription: Numbers That Redefined the Market
The LG Electronics India IPO witnessed bids worth approximately ₹4.4 trillion, making it one of the most heavily subscribed public issues in Indian market history.
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Total shares on offer: 7.13 crore
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Total shares bid for: Over 38.5 crore
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Overall subscription: 54.02 times
Category-wise Subscription:
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Qualified Institutional Buyers (QIBs): 166.51×
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Non-Institutional Investors (NIIs): 22.45×
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Retail Individual Investors (RIIs): 3.55×
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Employees: 7.62×
Market experts have described the response as a clear signal of institutional conviction rather than speculative frenzy.
“This is not just demand — it is validation,” said a senior capital markets analyst. “The scale of institutional participation reflects long-term confidence in LG India’s cash flows and brand dominance.”
About LG Electronics India
Founded in 1997, LG Electronics India Ltd is the Indian subsidiary of South Korea’s LG Electronics and a household name in consumer durables.
Product Portfolio:
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Televisions
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Refrigerators
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Washing machines
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Air conditioners
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Microwave ovens
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Computer monitors
Operational Footprint:
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2 manufacturing units
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2 central distribution centres
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23 regional distribution hubs
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51 branch offices nationwide
In FY24, the company reported:
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Revenue: ₹21,352 crore (7–8% YoY growth)
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Net profit: ₹1,511 crore (up 12% YoY)
Notably, since the IPO is a complete OFS, LG Electronics India will not receive any proceeds from the issue. All funds will go to the promoter, after taxes and transaction costs.
How to Check LG Electronics IPO Allotment Status
Investors can check allotment status once it is finalised using the following official platforms:
1️⃣ NSE
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Visit NSE IPO allotment page
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Select Equity & SME IPO bids
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Choose LG Electronics Limited
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Enter PAN / Application Number
2️⃣ BSE
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Visit BSE IPO status page
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Select Equity under Issue Type
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Choose LG Electronics India Limited
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Enter PAN or Application Number
3️⃣ Registrar – KFin Technologies
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Visit KFinTech IPO allotment portal
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Select LG Electronics Limited
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Enter PAN / Application Number / Demat ID
Grey Market Premium (GMP) Signals Strong Listing Buzz
As allotment day arrives, grey market indicators continue to reflect optimism.
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Latest GMP (October 10): ₹383 per share
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Upper issue price: ₹1,140
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Implied listing price: ~₹1,523
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Estimated listing gain: ~33%
While GMP is an unofficial and unregulated indicator, traders say the sustained premium suggests confidence rather than short-term hype.
Why This IPO Matters
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Second major South Korean listing in India after Hyundai
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Surpassed Bajaj Housing Finance’s ₹3.24 trillion bid record (2024)
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Reinforces global investor appetite for India’s consumption-led growth
What’s Next
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Allotment finalisation: October 10, 2025
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Refunds & demat credit: Expected by October 11–12
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Listing date: October 14, 2025 (NSE & BSE)
As Dalal Street prepares for the listing, market participants are watching closely to see whether LG Electronics India converts unprecedented demand into a stable post-listing performance.
One thing, however, is already clear: this IPO has reshaped benchmarks for institutional participation in India’s primary market.
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