LG Electronics’ initial public offering (IPO) opens in the Indian primary market today and will remain available for subscription until October 9, 2025. This marks the second South Korean company, after Hyundai India, to launch an IPO in India. The IPO price band is set between ₹1,080 and ₹1,140 per equity share. The company plans to raise ₹11,607.01 crore through a complete offer for sale (OFS), and the shares will be listed on both BSE and NSE.
LG Electronics IPO GMP Today:
In the grey market, LG Electronics shares are trading at a ₹318 premium today, up ₹68 from Monday’s ₹250. Experts attribute this increase to improved sentiment following a reversal in market trends.
IPO Review:
Anshul Jain of Lakshmishree Investment recommends a ‘Subscribe’ rating, citing LG’s market leadership, strong financials, zero debt, and consistent growth. FY24 revenue stood at ₹21,352 crore.
IPO Details:
Investors can apply in lots of 13 shares. The expected allotment date is October 10, 2025, with listing likely on October 14, 2025. KFin Technologies is the registrar, with top firms like Morgan Stanley and Axis Capital as lead managers. LG’s market cap stands at ₹77,380.05 crore, with strong financial metrics across FY22 to FY25.