LG Electronics India IPO Creates History with Record ₹4.4 Trillion Bids; Allotment Likely by Today

LG Electronics India IPO Creates History with Record ₹4.4 Trillion Bids; Allotment Likely by Today

LG Electronics India IPO has made history on the Indian Stock market today, drawing record bids worth ₹4.4 trillion, the highest-ever for any Indian public issue.

The ₹11,607-crore IPO has surpassed the previous record held by Bajaj Housing Finance, whose ₹6,560-crore issue attracted bids worth ₹3.24 trillion in 2024.

According to BSE data, the IPO received bids for 3,853.46 million equity shares against the 71.33 million shares on offer, translating into a robust subscription of 54.02 times. The bidding window was open from October 7 to October 9, with a price band of ₹1,080–₹1,140 per share and a lot size of 13 shares.

The response was driven largely by Qualified Institutional Buyers (QIBs), whose portion was subscribed to an astonishing 166.51 times, underscoring strong institutional interest. The Non-Institutional Investors (NIIs) category was subscribed 22.45 times, while retail investors subscribed 3.55 times, reflecting solid but selective participation across investor groups.

The basis of allotment is expected to be finalised today, and applicants can check their status through the official websites of BSE, NSE, or the registrar Kfin Technologies using the following links:

• Check on BSE
• Check on NSE
• Check on Kfin Technologies

Meanwhile, the grey market premium (GMP) for LG Electronics India shares has remained constant, trading around ₹1,520 per share, implying a premium of about ₹380 (33%) over the upper end of the IPO price band.

The stock is set to list on both the BSE and NSE on Tuesday, October 14, 2025.

Analysts say the strong response reflects investors’ confidence in LG Electronics India’s brand strength, profitability, and market leadership in the consumer durables space. However, they also caution that grey market trends are unofficial and unregulated, and investors should assess fundamentals before trading post-listing.

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