LG Electronics India Ltd’s initial public offering has become the most subscribed in India’s market history. The public issue, which closed on October 9, drew total bids worth ₹4.39 lakh crore, crossing the ₹4-lakh-crore mark for the first time in any Indian IPO.
The company offered 10.18 crore equity shares through an offer for sale by its parent, LG Electronics Inc. The price band was fixed between ₹1,080 and ₹1,140 per share, and the minimum application size was 13 shares. The issue opened for subscription on October 7 and was fully booked within a few hours.
The IPO saw widespread demand across investor groups. Qualified institutional buyers subscribed 166.5 times their allotted quota, while non-institutional investors subscribed 22.4 times. The retail portion was subscribed 3.54 times, and the employee category 7.33 times.
The scale of the response indicates strong institutional participation and broad-based retail interest, though analysts say the real test will be in the listing performance.
For the financial year 2024–25, LG Electronics India reported revenue of ₹24,631 crore and profit after tax of ₹2,203 crore. The company recorded a return on equity of 37% and a return on capital employed of 43%. These figures, along with consistent profitability in recent years, appear to have strengthened investor confidence.
According to the offer document, proceeds from the issue will be used to expand manufacturing capacity, invest in research and development, and support product development in areas such as smart home solutions and energy-efficient appliances.
The company’s shares are scheduled to list on the stock exchanges on October 14. Market observers say the scale of investor demand could influence pricing trends in upcoming large IPOs, especially in the technology and consumer electronics sectors.
The LG Electronics India IPO now stands as a milestone for the country’s capital markets, reflecting a mix of institutional confidence and growing retail participation in new listings.