LG Electronics India to List on October 14; IPO Creates Market Record in India with Massive 54 Times Subscription

India’s second-biggest initial public offering (IPO) of 2025,  LG Electronics India Ltd., is set to make its stock market debut on Tuesday, October 14, following an overwhelming response from investors. The South Korean conglomerate’s Indian arm has created history by becoming the first IPO in the country to cross INR. 4 lakh crore in total subscription value, reflecting strong investor appetite for large, consumer-focused businesses.

The INR. 11,607 crore public issue was fully subscribed on the first day of bidding and eventually received applications for 385 crore shares against the 7.13 crore shares on offer — translating into an overall subscription of 54.02 times. The issue drew bids worth over INR. 4.4 lakh crore, making it one of the most subscribed IPOs in India’s capital market history. It has also surpassed previous high-profile offerings such as SBI Cards, which saw 26 times subscription, and Bajaj Housing Finance, which had received bids worth over INR. 3.2 lakh crore last year.

The IPO was open for subscription from October 7 to October 9 and witnessed broad participation across all investor categories. The retail portion was subscribed 3.55 times, Non-Institutional Investors (NIIs) subscribed 22.44 times, while Qualified Institutional Buyers (QIBs) showed exceptionally strong interest with 166.51 times subscription. The price band for the offer was fixed between INR. 1,080 and INR. 1,140 per share, and allotments were finalised on October 10, with shares expected to be credited to demat accounts before listing.

Ahead of its listing, activity in the unlisted market has intensified. Reports from market observers indicate that the Grey Market Premium (GMP) for LG Electronics India stands between INR. 370 and INR. 400, compared to INR. 250–INR. 300 last week. Based on the upper price band of Rs. 1,140 per share, this suggests an estimated listing price of INR. 1,510, implying potential listing gains of around 32–35%. However, analysts caution that GMP rates are speculative and the actual listing price may vary once trading begins.

The IPO was an offer for sale (OFS), through which the parent company, LG Electronics, offloaded part of its stake. Consequently, LG Electronics India will not receive any proceeds from the issue. The company’s shares will be listed on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) on Tuesday.