By Mohammad Haris,News18

Copyright news18

LG Electronics India IPO GMP: LG Electronics India Ltd, the local arm of South Korea’s LG conglomerate, is going to open its initial public offering (IPO) for public subscription tomorrow, Tuesday, October 6. The price band for the Rs 11,607-crore IPO has been fixed in the range of Rs 1,080-1,140 per share.
At the upper end of the price range, the company is valued at about Rs 77,400 crore.
LG Electronics India IPO Key Dates
The IPO will remain open for public subscription between October 7 and October 9. Its allotment will be finalised on October 10, while the listing will take place on both the NSE and the BSE on October 14.
LG Electronics India IPO Lot Size
The lot size for an application is 13. The minimum amount of investment required by a retail investor is Rs 14,820 (13 shares), based on the upper price. The lot size investment for small NII is 14 lots (182 shares), amounting to Rs 2,07,480, and for big NII, it is 68 lots (884 shares), amounting to Rs 10,07,760.
LG Electronics India IPO GMP Today
According to market observers, unlisted shares of LG Electronics India Ltd are currently trading at Rs 1,390 apiece, compared with the upper IPO price of Rs 1,140. It means a grey market premium (GMP) of 21.93%, indicating decent listing gains for investors.
The GMP is based on market sentiments and keeps changing. ‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
The IPO will be listed on both the BSE and the NSE.
LG Electronics India IPO: Should You Apply?
Brokerages remain divided on Tata Capital’s initial share sale, weighing its strong brand value against moderately higher valuations.
According to Deven Choksey Research, “Tata Capital’s initial issue is priced at 4.1x TTM P/B, compared to peer average of 3.7x. While its valuation looks fair, its returns appear slightly lower compared to other listed NBFCs. We assign a ‘Neutral’ rating to the issue.”
The brokerage added that the company’s “strong brand and omni-channel presence could help it scale its loan book faster, but lower return ratios remain a watchpoint”.
Anand Rathi Research also pointed to the company’s digital push and diversified lending model as positives, saying these could help lower credit costs. “At the upper price band, the company is valued at a P/E of 32.3x and P/B of 3.5x based on FY25 earnings. We believe that the IPO is fully priced and recommend a ‘Subscribe – Long Term’ rating,” the brokerage said.
Echoing a similar sentiment, Canara Bank Securities described the IPO as “in line with peers”. It said that post-merger integration with Tata Motors Finance “should stabilise, backed by strong AAA ratings and solid funding”, adding that “macro tailwinds like India’s economic growth and digital adoption favour the business”, though it cautioned about rate volatility and regulatory risks.
Among the bullish voices, Mehta Equities termed the IPO a compelling play on India’s expanding credit market under a trusted brand. “We believe Tata Capital Ltd IPO brings investors an opportunity to invest in India’s financial services space, combining scale, diversification, and strong brand credibility under the Tata Group,” it said.
Highlighting the company’s robust growth, Mehta Equities noted that revenues rose 33.4% in FY2024 and 55.8% in FY2025, with profits also inching higher. It estimates the IPO’s valuation at a P/B of 3.2x, which it said is “reasonably priced compared to ~4x average of peers,” leaving scope for “potential listing gains and sustained growth.
“With India’s rising credit penetration, formalisation of the economy, and growing demand for consumer and business finance, Tata Capital offers investors a credible proxy to participate in the broader NBFC growth cycle,” the brokerage added, maintaining a ‘Subscribe – Long Term’ view.
LG Electronics India IPO: More Details
The public issue will open for subscription on October 7 and close on October 9, while anchor investors can bid on October 6. The IPO, which is entirely an offer for sale of 10.18 crore shares — representing nearly 15 per cent stake — will see all proceeds go to the South Korean parent, as LG Electronics India itself will not receive any funds from the issue.
This marks the second South Korean company to list on Indian bourses after Hyundai Motors India made its debut in October last year. LG Electronics India, a major player in consumer electronics and home appliances, has manufacturing units in Noida and Pune, producing washing machines, refrigerators, LED TVs, air conditioners, and microwaves. For FY24, the company reported revenue from operations of Rs 64,087.97 crore.
In terms of allocation, 50 per cent of the issue is reserved for qualified institutional buyers, 35 per cent for retail investors, and 15 per cent for non-institutional investors. The company is expected to list on October 14, with Morgan Stanley India, J P Morgan India, Axis Capital, BofA Securities India, and Citigroup Global Markets India managing the issue.