The grey market premium (GMP) for LG Electronics India’s Initial Public Offering (IPO) rose sharply to around 33–35 percent on Friday, reflecting strong investor enthusiasm as the company prepares to finalise share allotments later tonight.
Market tracking portals indicated that the shares of LG Electronics India are changing hands in the unlisted market with a significant premium.
Data from Investorgain showed a GMP of about Rs 395 per share, implying potential listing gains of 34.65 percent over the upper price band of Rs 1,140. IPO Watch placed the premium slightly lower, at approximately 33 percent.
The surge in grey market activity follows the robust investor response to the IPO, which was subscribed 54.02 times during the three-day bidding window from October 7 to 9.
Institutional investors led the rally, with qualified institutional buyers (QIBs) accounting for a major portion of the demand. The Rs 11,607-crore public offer had a price band fixed between Rs 1,080 and Rs 1,140 per equity share.
Allotment of shares is expected to be completed by late evening on October 10, with refunds and credit of shares likely to begin shortly thereafter.
Applicants can check their allotment status on the website of the IPO registrar, KFin Technologies Limited, using their application number or PAN.
The information will also be available on the BSE and NSE portals once the process is finalised.
The listing of LG Electronics India’s shares on the stock exchanges is likely to take place next week. Based on current GMP trends, the company’s debut is anticipated to deliver healthy returns to investors, although analysts caution that grey market movements are speculative and unofficial indicators of sentiment.
LG Electronics India, one of the leading names in consumer electronics and home appliances, offers a wide portfolio of products catering to both retail and institutional markets.
Its product range includes washing machines, refrigerators, LED television panels, inverter air conditioners, and microwave ovens.
The company operates two major manufacturing facilities—one in Noida, Uttar Pradesh, and another in Pune, Maharashtra—and provides comprehensive after-sales services including installation, repairs, and maintenance.
Market observers noted that the strong response to the IPO reflects investor confidence in the company’s brand strength, consistent profitability, and leadership in India’s fast-growing consumer durables segment.
If the GMP holds steady until listing day, LG Electronics India could see one of the more successful market debuts of 2025.
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