LG Electronics IPO shares are set to debut on the Indian stock market tomorrow, October 14. Ahead of the listing, investors are closely watching the grey market premium (GMP). According to investorgain.com, today’s GMP stands at ₹370, slightly below its earlier peak of over ₹400, but still indicating a potential listing gain of around 32.46%. Based on this GMP and the issue price, the shares could list at approximately ₹1,510.
The LG Electronics IPO saw an exceptional response, with a total subscription of 54.02 times on the final bidding day. Institutional investors primarily drove this demand. Data from the National Stock Exchange (NSE) shows bids for 385.33 crore shares against an offer of 7.13 crore shares.
The Qualified Institutional Buyers (QIBs) segment was the most active, with 166.51 times subscription, followed by Non-Institutional Investors (NIIs) at 22.44 times, and Retail Individual Investors (RIIs) at 3.54 times. Valued at about ₹77,400 crore at the upper price band, the IPO raised ₹11,607 crore.
