LG Electronics India Makes IPO History with Record ₹4.4 Lakh Crore in Subscriptions

LG Electronics IPO has become the first-ever initial public offering (IPO) in the country to surpass ₹4 lakh crore in total subscription value. The overwhelming investor response underscores strong confidence in the company's prospects.

LG Electronics IPO Subscription Details

The 3-day IPO window saw an unprecedented demand, receiving bids for over 385 crore shares compared to just 7.13 crore shares on offer, resulting in an overall subscription of more than 54 times. The total bid value soared to approximately ₹4.4 lakh crore, making it the most subscribed IPO by value in Indian market history.

This milestone surpasses the previous record held by Bajaj Housing Finance, whose ₹6,560 crore IPO in September 2024 drew total bids worth ₹3.24 lakh crore. Before that, Coal India’s IPO in 2010 attracted ₹2.36 lakh crore, followed by Tata Technologies in November 2023 with ₹1.56 lakh crore, and Premier Energies in 2024 with ₹1.48 lakh crore.

Strong Participation Across Investor Categories

The LG IPO attracted widespread interest across all investor classes:

• Qualified Institutional Buyers (QIBs): Subscribed 166.51 times
• Non-Institutional Investors (NIIs): Subscribed 22.44 times
• Retail Individual Investors (RIIs): Subscribed 3.54 times

Also Read: LG Electronics IPO Allotment Status

LG Electronics IPO Details and Listing Timeline

The price band for the IPO was set between ₹1,080 to ₹1,140 per share, valuing the company at around ₹77,400 crore at the upper end. Prior to the public issue, LG Electronics India successfully raised ₹3,475 crore from anchor investors. The basis of allotment is expected to be finalized by October 10, with the company's shares scheduled to list on Indian stock exchanges on October 14.

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