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4 min read | Updated on October 10, 2025, 20:45 IST
SUMMARY
LG Electronics India IPO allotment status: The ₹11,607.01 crore book-building issue of the consumer electronics major was exclusively an offer for sale (OFS) of 10.18 crore equity shares by the South Korean-based parent, LG Electronics Inc.
LG Electronics India Limited, a key player in major home appliances and consumer electronics, primarily manufactures and sells washing machines, inverter air conditioners, LED TV panels, refrigerators and microwaves. | Image: Shutterstock
LG Electronics India IPO allotment status is expected to be finalised on Friday, October 10, 2025, following a robust response during the three-day subscription window. The bid finalisation details will be available on the websites of the National Stock Exchange (NSE), the BSE and the registrar, KFin Technologies.
The bidding was led by qualified institutional buyers (QIBs) who subscribed their part 166.51 times by applying for 3,38,36,21,748 shares compared to 2,03,21,026 shares reserved.
The non-institutional investors, or NIIs, category was booked 22.45 times, as they submitted applications for 34,20,85,835 shares against 1,52,40,770 shares on offer.
Retail individual investors (RIIs) submitted bids for 12,61,50,037 equity shares compared to 3,55,61,796 shares reserved. This reflects a subscription of 3.55 times.
The ₹11,607.01 crore book-building issue of the consumer electronics giant was a purely an offer for sale (OFS) of 10.18 crore shares by the South Korean-based parent, LG Electronics Inc.
Since the public offer is only an OFS, LG Electronics India will not receive any IPO proceeds and funds raised will go to the promoter.
Before the IPO, LG Electronics India had collected ₹3,475 crore from anchor investors.
LG Electronics India, a key player in major home appliances and consumer electronics, primarily manufactures and sells LED TV panels, washing machines, inverter air conditioners, refrigerators, and microwaves.
The company, which has two manufacturing units in Pune and Noida, sells to both B2C and B2B clients in India and abroad.
In the financial year 2024-25, according to the red herring prospectus, the firm's net profit advanced 45.8% year-on-year (YOY) to ₹2,203.35 crore, and its revenue from operations jumped 14.1% YoY to ₹24,366.64 crore.
JP Morgan India, Axis Capital, Morgan Stanley India Company, BofA Securities India and Citigroup Global Markets India were the book-running lead managers to the offering.
LG Electronics India IPO's basis of allotment will likely be finalised on Friday, October 10, by late evening.
Shares of LG Electronics India Ltd will be listed on the NSE and the BSE on Tuesday, October 14, at 10 am.
According to investorgain.com and media reports, the unlisted shares of LG Electronics India are trading at ₹1,520, reflecting a grey market premium of 33.33% or ₹380 over the upper price band of ₹1,140.
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