LG Electronics IPO Allotment Status: What Investors Need to Know
The much-anticipated LG Electronics initial public offering (IPO) has moved from the intense subscription phase to final allotments, with market watchers closely tracking the outcome. The IPO, which closed for subscription on Thursday, October 9, drew strong demand across all investor categories, underscoring the appetite for a South Korean tech-and-electronics brand listing in India. As the allotment results become available, investors are eager to verify their status and understand the implications for the stock’s eventual listing price.
Subscription Snapshot: Demand vs. Offer
By the end of the third day of bidding, LG Electronics’ IPO had seen bids for 385,32,39,416 shares against 713,34,320 shares on offer, translating to a subscription level of 54.02x. This robust oversubscription indicates broad retail, HNI, and institutional interest, though the issue structure remains notable for its nature and purpose.
The ₹11,607-crore IPO was priced in a band of ₹1,080 to ₹1,140 per share, valuing the company at around ₹77,400 crore at the upper end of the range. Given the size and profile of LG Electronics, investors are weighing the potential for listing gains against the long-term prospects in a competitive Indian market for consumer electronics and appliances.
What is the Offering and Allocation?
LG Electronics’ IPO is entirely an offer-for-sale (OFS) of 10.18 crore shares by the parent company based in South Korea. This means that the proceeds from the sale go to the promoter and the company itself does not receive any fresh capital. For investors, the key questions revolve around allotment chances, the final price band, and how the OFS structure may influence post-listing movements.
With no fresh funds raised for the company, the dynamics on listing day hinge on secondary market demand, investor sentiment, and potential short-term volatility as the stock transitions from primary to secondary trading.
GMP: The Grey Market Premium Signal
One of the focal points for traders is the grey market premium (GMP). LG Electronics’ IPO GMP rose sharply on the day, touching ₹395—the highest ever for the issue—with earlier days peaking at ₹323. A higher GMP can signal strong initial demand and a potentially higher listing price, though GMP is not a guaranteed predictor of post-listing performance. At the upper end of the price band and current GMP levels, some analysts estimate a possible listing price near ₹1,535 per share, implying a premium of about 33% over the upper band. Investors should approach GMP as one of several indicators rather than a sole predictor of listing gains.
How to Check Your Allotment Status
Investors who applied for the LG Electronics IPO can verify their allotment status online through several channels. Here’s how you can check quickly and securely:
- Visit the BSE or NSE website and log in with your demat account details to view allotment status.
- Log in to the registrar’s portal at Kfin Technologies, the official registrar for the issue.
- Alternatively, check with your stockbroker who can provide allotment details through their trading platform.
Allotment status is typically updated a few days after the closure of the issue, and successful bidders will see their demat accounts credited with the allotted shares on or around the listing date. Listing is tentatively expected for October 14, subject to final regulatory clearances and market conditions.
What This Could Mean for the Indian Market
LG Electronics’ listing marks the second South Korean corporation to join Indian exchanges after Hyundai Motor Group, strengthening cross-border investment ties. The combination of a large OFS, a well-known global brand, and persistent demand in a growing Indian consumer electronics segment may contribute to continued interest in IPOs from multinational players exploring Indian listings.
Nevertheless, investors should maintain a balanced view: track the final allotment data, consider allocation odds, and monitor post-listing price action. A disciplined approach—anchored by risk management and a clear investment thesis on long-term growth prospects—remains essential in the evolving IPO landscape.
Bottom Line
The LG Electronics IPO allotment status is a key milestone for applicants. With strong demand, a substantial GMP, and a clear OFS structure, the listing could create an interesting trading dynamic in the days following October 14. Stay updated through official registrars and exchange portals to verify your allotment and plan your next moves in the market.
