LG Electronics IPO Day 2 sees strong subscription; GMP rises to 29%

LG Electronics India’s IPO remained robust on Day 2, with total subscription at 1.04x as of October 7. Retail participation stood at 0.81x, while non-institutional investors subscribed 2.3x of the offered shares. The ₹1,080-₹1,140 price band and 13-share lot size indicate strong retail demand, supported by a 29% grey market premium. The Offer for Sale will reduce LG Electronics Inc’s holding from 100% to 85%, with listing expected on October 14, reflecting sustained investor confidence.