LG Electronics becomes India’s most subscribed IPO ever

The company’s IPO garnered bids worth ₹4.4 lakh crore—over 54 times the offer size of 7.13 crore shares—driven by strong investor confidence, positive listing expectations, and a supportive policy environment during the three-day bidding window

LG Electronics has set a new benchmark in the Indian equity market, becoming the country’s most subscribed initial public offering (IPO) by value. The public issue attracted bids worth approximately ₹4.4 lakh crore, far surpassing the ₹4 lakh crore mark and making it the largest-ever in terms of total subscription value.

Over the three-day bidding period, the IPO received bids for more than 385 crore shares, against just 7.13 crore shares on offer, resulting in an overall subscription of over 54 times. Market analysts attributed the record-breaking response to strong investor confidence, optimistic listing expectations, and a favourable policy environment.

“Investors are likely pricing in robust short-term growth and the potential for strong listing gains, supported by recent tax incentives,” said Prashanth Tapse, Senior VP at Mehta Equities.

QIBs lead demand as grey market premium hints at strong debut

The qualified institutional buyer (QIB) segment led the subscription charts, with bids coming in at 166.51 times the allocated portion. Non-institutional investors subscribed 22.44 times, while retail investors offered a more modest yet notable 3.54 times subscription.

The IPO was priced in the range of ₹1,080 to ₹1,140 per share, placing LG Electronics India’s valuation at around ₹77,400 crore at the top end. Prior to the public offer, the company raised ₹3,475 crore through anchor investments.

In the unofficial grey market, LG Electronics India’s shares are currently trading at a premium of around 26–27%, according to multiple trackers, signaling high investor expectations for listing day performance.

The final allotment status is expected by October 10, with the company's market debut scheduled for October 14.