LG Electronics IPO Lists at 50% Premium, Delivers Strong Market Debut

LG Electronics IPO listed at a 50% premium on BSE and NSE. The stock opened at Rs 1,715 per share on BSE and Rs 1,710.1 on NSE. Its issue price was Rs 1,140 per share.

The ₹11,607-crore issue saw great investor interest, which demonstrates the strength of the company’s brand and its dominance in India’s consumer electronics and appliances market. Its IPO was open from October 8 to October 10 and will be listed on both NSE and BSE.

Subscription & Grey Market Sentiment

Total Subscription: The IPO was subscribed 54.02× times, reflecting strong investor appetite across segments.

Investor Category

Qualified Institutional Buyers (QIBs): 166.5×

Non-Institutional Investors (NIIs): 22.4×

Retail Investors: 3.55×

LG IPO GMP

The GMP on 13 October 2025 is at about ₹360, which works out to a possible listing appreciation of around 37% from the issue price of ₹1,140 per share.

Earlier in the week, the GMP also hit ₹400, before settling down, indicating cooled-down optimism in the face of cautious wider market sentiment.

Market observers see the consistent GMP as an indicator of continued interest in spite of global risk factors and turbulent equities.

Market Mood

With wider indices moving in a tight range, listing day momentum will be guided by institutional flows and morning-hour trading trends. Analysts will closely watch if LG is able to hold its listing gains or profit booking dulls the debut.

Business Model & IPO Structure

LG India is one of the nation’s leading consumer electronics and home appliances brands, covering air conditioners, televisions, washing machines, and refrigerators. The company enjoys a huge distribution network, a well-established premium image, and robust after-sales service infrastructure.

The IPO is a pure Offer for Sale (OFS) i.e., no new capital infusion into the company. The move allows the South Korean parent, LG Electronics Inc, and other current shareholders to offload their stakes partially, and sets the stage for LG India’s listing on Indian exchanges.

In its Indian market, LG’s main competitors are:

• Samsung (the biggest rival across multiple categories)

• Whirlpool

• Havells

• Blue Star

• Voltas

• Panasonic / Sony in select segments

• Global players like Philips in overlapping segments

As the second-largest player after Samsung, LG India maintains a dominant position in the domestic consumer electronics and home appliances market. As a result of its dominance in high-end, technologically advanced products, the company holds a substantial market share in a number of important product categories, most notably around 31% in the air conditioner segment and over 60% in premium OLED televisions. Despite fierce competition in mass-market categories like refrigerators and washing machines, LG has managed to maintain a competitive edge thanks to its strong brand equity, wide distribution network, and innovative product line, especially in the premium and mid-premium segments of India’s rapidly expanding consumer durables market.

What to Watch Post-Listing

· Whether the listing premium equals or surpasses prevailing GMP expectations (30–35%)

· Early volumes of trade and institutional activity during the first hour

· Wider market sentiment and liquidity, potentially driving short-term performance

· Long-term areas of focus are margin growth, premium segment innovation, and leadership in the market in the face of growing competition

Sahi Research View

The IPO offers participation in a debt-free, high-quality franchise with strong brand power and consistent earnings. However, the fully OFS structure, parent dependency, and fair (not cheap) valuation warrant cautious positioning. Investors with a 3–5 year horizon and a preference for stable consumer names may consider subscribing, preferably at the lower end of the price band.