The allotment of shares for LG Electronics India’s Rs 11,607 crore initial public offering (IPO) is being finalised today, closing one of the most successful IPOs in India’s history. The issue, which concluded bidding on Thursday, created a record by attracting bids worth Rs 4.4 lakh crore, making it the most subscribed IPO in India by value.
Data from the exchanges show that the IPO received bids for 3,85,33,26,672 shares against 7,13,34,320 shares on offer, translating to an overall subscription of 54.02 times. This surpasses the previous record held by Bajaj Housing Finance, whose Rs 6,560 crore IPO drew bids worth Rs 3.24 lakh crore in 2024.
Breaking down the subscription, the retail investor category subscribed 3.55 times, qualified institutional buyers (QIBs) 166.51 times, and non-institutional investors (NIIs) 22.44 times, reflecting strong confidence in LG Electronics India’s leadership in the consumer electronics market and its long-term growth potential. The IPO was entirely an offer for sale (OFS) of 10.18 crore shares, meaning proceeds will go to existing shareholders rather than the company.
Investors can check their allotment status through the official BSE website or via the registrar Kfin Technologies Ltd. On BSE, applicants need to select ‘Equity,’ choose ‘LG Electronics India Limited,’ enter their application number and PAN, and complete the captcha to view status. On Kfin Technologies, users can choose Application Number, Demat Account Number, or PAN to check allotment.
The grey market premium (GMP) for the IPO continues to rise, standing at Rs 380 as of October 10, 2025, 7:31 AM, signaling strong investor demand ahead of listing. With the upper price band at Rs 1,140 per share, the estimated listing price is around Rs 1,520, suggesting a potential gain of approximately 33% per share for allotted investors. LG Electronics India shares are expected to list on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on October 14, 2025.
