# LG Electronics India IPO: Listing Gains Dip Below Rs 390 Amid Volatile GMP – Latest Updates Ahead of October 14 Debut
| October 13, 2025**
India's IPO market is buzzing as LG Electronics India Ltd., the local arm of the South Korean consumer electronics giant, gears up for its blockbuster stock market debut. Valued at a whopping Rs 11,607 crore, this offer-for-sale (OFS) IPO—divesting a 15% stake from parent LG Electronics Inc.—was the second-largest of 2025, drawing bids worth over Rs 4.4 lakh crore and subscribing 54 times overall. Retail investors alone booked it 1.9 times, while non-institutional investors (NIIs) went wild at 7.6 times. But as the October 14 listing on BSE and NSE approaches, the excitement has tempered: the grey market premium (GMP) has slipped below Rs 390, signaling more modest listing gains than the 35-37% highs seen last week. With shares credited to demat accounts today and refunds initiated, allottees are eyeing potential profits—though volatility in broader markets could sway the outcome. Let's break down the numbers, trends, and what to watch.
## The IPO Snapshot: From Subscription Frenzy to Allotment Reality
Launched on October 7 and closing October 9, the IPO fixed its price band at Rs 1,080–1,140 per share, with a minimum lot size of 13 shares (Rs 14,820 at the upper end). Managed by heavyweights like Morgan Stanley, JP Morgan, Axis Capital, BofA Securities, and Citigroup, the issue raised Rs 3,475 crore from anchors on October 6. Allotment wrapped up on October 10 via registrar KFin Technologies, leaving many retail bidders in the lurch due to the massive oversubscription.
Here's a quick recap of subscription trends:
| Investor Category | Subscription Multiple | Key Highlights |
|-------------------|-----------------------|----------------|
| Qualified Institutional Buyers (QIBs) | 2.6x | Strong institutional backing, led by FIIs. |
| Non-Institutional Investors (NIIs) | 7.6x | HNIs drove the frenzy, outpacing expectations. |
| Retail Individual Investors (RIIs) | 1.9x | Solid but capped demand; minimum Rs 15,000 investment. |
| **Total** | **54x** | Bids hit Rs 4.4 lakh crore, a 2025 record. |
*Source: Economic Times and Financial Express updates.*
LG Electronics India, with FY25 revenue of Rs 28,774 crore (up 14% YoY) and PAT margins at 8.95%, dominates home appliances and IT hardware in India. At a post-issue market cap of Rs 77,380 crore, it's priced at a trailing P/E of ~35x—deemed "reasonably valued" by Anand Rathi analysts, given its 12.75% EBITDA margins and brand moat. Proceeds? Straight to the Korean parent, funding global ops—no fresh capital for the Indian unit, which explains the pure OFS structure.
## GMP Tracker: From Rs 430 Peak to Sub-Rs 390 Dip – What's Driving the Cool-Off?
The grey market premium (GMP)—the unofficial premium shares trade at in unlisted deals—started strong at Rs 146 on October 3 but skyrocketed post-subscription, peaking at Rs 430 on October 13 afternoon (implying a 37.7% gain to Rs 1,570). By evening, however, it softened to Rs 370–380 amid profit-booking and Sensex jitters (down 0.5% today on U.S. tariff fears).
**Latest GMP as of October 13, 8:01 AM IST: Rs 370.** This translates to an estimated listing price of Rs 1,510 (upper band + GMP), or ~32.5% gains over Rs 1,140—below the Rs 390 threshold (34.2% upside to Rs 1,530) that headlined earlier reports. For a single lot (13 shares), that's Rs 4,810 in paper profits at Rs 370 GMP, down from Rs 5,500+ at the peak.
A chronological GMP snapshot shows the rollercoaster:
| Date | GMP (Rs) | Est. Listing Price (Rs) | Expected % Gain |
|------|----------|--------------------------|-----------------|
| Oct 3 | 146 | 1,286 | 12.8% |
| Oct 7 (Open) | 228 | 1,368 | 20% |
| Oct 9 (Close) | 300–310 | 1,440–1,450 | 26–27% |
| Oct 10 (Allotment) | 380–400 | 1,520–1,540 | 33–35% |
| Oct 11 (Peak) | 395 | 1,535 | 34.6% |
| Oct 12 | 375–388 | 1,515–1,528 | 32.9–34% |
| **Oct 13 (Latest)** | **370** | **1,510** | **32.5%** |
*Compiled from IPO Watch, Livemint, and India Today.*
The dip? Blame broader market caution—Nifty down 1% last week on global cues—and some GMP "cooling" as sellers cash in pre-listing. Still, experts like those at Moneycontrol remain bullish: "Decent gains expected, but hold for long-term on LG's 5G appliance push." Compared to Tata Capital's tepid Rs 7 GMP (1.2% listing today), LG's remains a standout.
## How to Check Allotment and Prep for Listing
Missed out? Allotment status is live:
- **BSE:** Visit bseindia.com > Markets > Equity > IPO > "Allotment Status," select LG Electronics, enter PAN/Application No.
- **KFin Tech:** kfintech.com > IPO Investor Services > Enter PAN/DP ID/Client ID.
- Shares credit today (Oct 13); refunds by evening if unallotted.
Post-listing, watch for volatility—IPOs often swing 5-10% on debut. Brokerages like Anand Rathi recommend "Subscribe" for listings, citing LG's 13x P/B and EV growth tailwinds. Risks? No fresh funds mean execution hinges on parent support amid U.S.-China trade noise.
## The Bigger Picture: LG's India Bet in a Tariff-Turbulent World
LG Electronics India's FY25 PAT jumped 46% to Rs 2,574 crore, fueled by ACs (45% market share) and TVs. But with Trump-era tariffs looming (25% on electronics imports), the GMP dip reflects macro jitters. Long-term, it's a play on India's Rs 1 lakh crore consumer durables boom—analysts peg 15-20% CAGR.
As October's IPO haul eyes $5B records, LG's debut could cap a stellar month. Will it hold Rs 1,500+ or fade below Rs 1,400? All eyes tomorrow.
*Listing gains at Rs 370 GMP: ~Rs 4,810/lot. Thoughts on holding post-debut? Comment below. For IPO trackers, subscribe to Grok Insights.*
