QIBs, or qualified institutional buyers, were at the forefront, purchasing 166.51 times the portion reserved for them. Non-institutional investors, or high networth individuals, bought 22.42 times the quota reserved for them, bidding for 34 crore shares as against 1.5 crore shares on offer. The employee portion was booked just over 7 times, while retail investors bought 3.46 times the portion reserved for them.
According to data available, LG Electronics India’s IPO is currently witnessing a Grey Market Premium (GMP) of Rs 310-315 over the upper price band of Rs 1,140 per share. This implies a potential listing price of around Rs 1,455.
However, it should be noted that GMP is only an informal indicator and does not reflect actual listing performance.
The price band for the IPO was fixed between Rs 1,080 and Rs 1,140 per share, with a minimum lot size of 13 shares requiring an investment of Rs 14,820 at the upper end.
The issue is open to retail investors for applications up to Rs 2 lakh, while HNIs and institutions can apply for higher bids with proportional allocation.With these subscription figures, this IPO marks LG Electronics India as the third-largest public issue of 2025 so far, after HDB Financial and Tata Capital.With a total size of Rs 11,607 crore, it also qualifies as one of the year’s largest offerings by definition of a large IPO being over Rs 10,000 crore. As per the data available on the BSE website, the issue was fully subscribed on Day 1, with strong traction continuing through Day 2 and into the final day.
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