The ₹11,607 crore IPO of LG Electronics India mobilised a whopping response of approximately ₹4.39 lakh crore, positioning it to become the second-largest grossed IPO in Indian history after the Reliance Power issue that attracted bids worth ₹7.12 lakh crore in January 2008.
The three-day subscription of the Korean major, which opened on October 7 and closed today, saw an overwhelming response, with the issue being subscribed to 54.02 times overall. Qualified Institutional Buyers led the demand with 166.51 times subscription, followed by Non-Institutional Investors at 22.45 times and Retail Individual Investors at 3.55 times. Employee quota also saw a strong response of 7.62 times.
Hong Ju Jeon, MD, LG Electronics India Ltd, said, “This historic milestone goes beyond investor confidence — it reflects nearly three decades of trust and goodwill that Indian consumers, partners, and employees have placed in LG.”
According to him, “this IPO marks not just a financial milestone, but a reaffirmation of our long-term commitment to India and strengthens our resolve to continue raising the bar in innovation, quality, and customer experience. The success of our IPO also mirrors the strength and optimism of India’s strong growth and consumption story – one that we are deeply proud to be a part of.”
Mega issues
This week alone witnessed IPOs targeting over ₹30,000 crore in mainboard platform, including mega issues such as Tata Capital, Canara Robeco AMC, Canara HSBC Insurance and WeWork India.
“It shows the strong appetite that exists for good-quality companies at reasonable valuations. It also yet again busts the myth that large issuances or big IPOs suck out liquidity from the secondary market,” said Pranav Haldea, Managing Director of PRIME Database Group. “As we have seen this week, despite the huge subscriptions to these IPOs, the benchmark indices have actually rallied, contrary to widespread expectations till last week.”
Kranthi Bathini, Director of Equity Strategy at WealthMills Securities, attributed LG’s success to its unique positioning. “There are very few consumer durable brands that have been listed on stock exchanges, which is the reason it has its buoyancy and response from the investors,” he said.
Bathini noted the distinction between this week’s offerings. “There are many choices for the investors to invest in NBFCs at this point in time,” he said, referring to Tata Capital. “Coming to the consumer durable, like one of the largest brand in India, LG, that have its own specialty right now, among all these IPOs.”
The consumer electronics major offered 7.13 crore shares in the price band of ₹1,080-1,140 per share. The issue was managed by Axis Capital, Citigroup Global Markets India, Morgan Stanley India, J.P. Morgan India, and BofA Securities India as book-running lead managers.
Published on October 9, 2025
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