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  1. LG Electronics India IPO subscribed 2.21 times so far on day 2: Check price band, lot size, allotment and listing dates

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LG Electronics India IPO subscribed 2.21 times so far on day 2: Check price band, lot size, allotment and listing dates

Kamal Joshi

3 min read | Updated on October 08, 2025, 13:32 IST

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SUMMARY

LG Electronics India IPO day 2: The ₹11,607.01 crore initial share sale, with a price band of ₹1,080 to ₹1,140 per equity share, is entirely an offer for sale (OFS) of 10.18 crore shares by South Korea's conglomerate LG.

Before the IPO, LG Electronics India Ltd collected ₹3,475 crore in the anchor round. | Image: Shutterstock

Before the IPO, LG Electronics India Ltd collected ₹3,475 crore in the anchor round. | Image: Shutterstock

LG Electronics India IPO day 2: The ₹11,607.01 crore initial public offering of LG Electronics India Ltd has been subscribed 2.21 times so far on the second day of bidding on Wednesday, October 8.

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The quota meant for non-institutional investors (NIIs) attracted 5.39 times subscription, while the portion for retail investors fetched 1.53 times subscription. The part for qualified institutional buyers (QIBs) received 98% subscription, as per NSE data until 1:32 pm.

The ₹11,607.01 crore initial share sale, with a price band of ₹1,080 to ₹1,140 per share, is entirely an offer for sale (OFS) of 10.18 crore shares by South Korea's conglomerate LG.

Since the public issue is only an OFS, LG Electronics India will not receive any issue proceeds, and the funds will go to the South Korean promoter.

A lot includes 13 shares and in multiples thereafter.

Before the IPO, the company collected ₹3,475 crore in the anchor round from investors such as the Singapore Government, BlackRock Global Funds, Goldman Sachs, Abu Dhabi Investment Authority, Fidelity Funds, Government Pension Fund Global, SBI Mutual Fund (MF), ICICI Prudential MF, HDFC MF, Kotak MF, SBI Life Insurance Company, ICICI Prudential Life Insurance Company and HDFC Life Insurance Company.

LG Electronics India IPO: Key dates

  • IPO close date: October 9
  • Basis of allotment: October 10
  • Initiation of refunds: October 13
  • Credit of shares to Demat account: October 13
  • Listing on NSE and BSE: October 14

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

The company makes and sells products, including washing machines, LED TV panels, microwaves, refrigerators and inverter air conditioners at its production units at Noida (UP) and Pune.

LG Electronics India IPO GMP

According to investorgain.com and media reports, the unlisted shares of LG Electronics India are trading at ₹1,438, reflecting a grey market premium of 26.14% over the upper price band of ₹1,140.
Disclaimer: Grey Market Premium (GMP) is an unofficial indicator of market sentiment toward an IPO. It is not regulated by the stock exchanges or SEBI. Upstox does not endorse or facilitate trading in the grey market. Investors are advised to conduct their own research or consult an expert before making any investment decisions.
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About The Author

Kamal Joshi
Kamal Joshi is a business journalist who covers industries, markets, and IPOs. He is passionate about breaking news and enjoys playing tennis, especially flexing his backhand. He was previously associated with Republic TV and LatestLY.

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