LG Electronics India IPO Attracts Heavy Bidding on Day 2 as Retail and HNI Participation Rises

Noida, Oct 8, 2025 – The ₹11,607-crore initial public offer (IPO) of LG Electronics India Limited saw a strong surge in the number of investors on Wednesday, as the total bids rose up to 2.41 times the offer size till 11:54 PM, as combined data from the NSE and the BSE showed.

The second day of bidding also saw heavy activity from Retail Individual Investors (RIIs) and Non-Institutional Investors (NIIs), as Qualified Institutional Buyers (QIBs) continued to participate at a regular pace.

LG Electronics India IPO Day 2 Subscription Status (as of 1:54 PM, Oct 8, 2025)

LG Electronics’ initial public offering was subscribed a total of 2.41 times till the second day of bidding on October 8, 2025. The issue was subscribed to regularly across all the categories of investors.

The Qualified Institutional Buyers (QIB) category was subscribed to 1.41 times, showing demand from key institutions. On the other hand, the Non-Institutional Investors (NII) category saw better demand at 5.65 times, with bids predominantly led by high-net-worth individuals. Here, the bNII (bids in excess of ₹10 lakh) category was allocated 5.30 times, and the sNII (bids below ₹10 lakh) category saw even larger subscription at 6.34 times.

Retail investors saw the issue subscribed 1.59 times, reflecting healthy demand from individual investors. On the other hand, the employee quota was subscribed to 3.35 times. The overall bid amount reached nearly ₹19,629 crore, compared to the 7.13 crore shares offered, as investors bid for just over 17.21 crore shares. Day 2 witnessed approximately 27.87 lakh bids.

LG Electronics India IPO Summary

The initial public offer of LG Electronics India opened on October 7 and closed on October 9, 2025, and the price band will be ₹1,080 per equity share to ₹1,140 per equity share. A lot will be equivalent to 13 shares; that is, this will be priced at ₹14,820 per lot at the upper-priced band of issue. It is an issue size of ₹11,607 crore, comprising a 100% offer-for-sale by LG Electronics Inc. of up to 10.18 crore shares. The face value of each share is ₹10, and the proposed listing date on the exchanges is October 14, 2025, on both the BSE and the NSE.

LG Electronics India IPO Anchor Allocation

Before the commencement of the IPO, LG Electronics India IPO had raised ₹3,474.95 crore through the anchor book on October 6, 2025, when the firm had offered 3.04 crore shares at the price of ₹1,140 per share, which is the upper price band.

The anchor tranche saw participation from 150 marquee investors such as HDFC Mutual Fund, SBI Mutual Fund, ICICI Prudential, Mirae Asset, Aditya Birla Sun Life, Fidelity, BlackRock, T. Rowe Price, and the Government of Singapore. Domestic mutual funds subscribed to 48.9%, through 26 fund houses and 84 schemes.

LG Electronics India IPO Key Dates

The LG Electronics India IPO had anchor investors subscribing on October 6, 2025, followed by the public issue, which opened on October 7 and closed on October 9, 2025. Allotment will be completed on October 10, with the refund and credit of shares on October 13. Listing will take place on the BSE and the NSE on October 14, 2025.

With strong retail traction and sustained HNI demand, the LG Electronics India IPO has entered Day 2 on a firm footing, with overall bids already exceeding the total issue size well ahead of closing.

Incorporated in 1997, LG Electronics India Limited is a wholly owned subsidiary of LG Electronics Inc., South Korea, and one of India’s biggest home appliances and consumer electronics companies.

It has two businesses, Home Appliances & Air Solutions and Home Entertainment with mass production units at Pune and Noida, which manufacture 98% of products that are sold in India. The firm has enormous distribution and retail network across 36,000 B2C points, 31,000 sub-dealers, as well as 472 B2B partners, supported by one of India’s best after-sales service networks.

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