The Indian subsidiary of South Korean electronics giant LG is all set to complete the share allotment for its Initial Public Offer (IPO) on October 10 after receiving a strong response from investors. Those who applied for the IPO can check the allotment status by visiting the BSE/NSE or the website of the registrar, KFin Technologies Limited.
LGINDIA IPO
Bids:
The issue was more than 54 times oversubscribed, which is the highest subscription for 2025 to date. It also recorded the second highest number of bids among IPOs, raising over Rs 10,000 crore, after Reliance Power’s mega issue in 2008.Allocation control: Investors who have applied for shares can check their allotment on the BSE website or through the IPO registrar, Kfin Technologies Ltd.Refunds and listing: According to ET, the refunds and credit of shares to the demat accounts will take place on Monday, October 13. The entity will enter the stock market on October 14.Subscription cancellation (times):
- Qualified Institutional Buyers (QIBs): 166.51
- Non-institutional investors: 10:45 p.m
- Retail Individual Investors (RIIs): 3.55
- Employees: 7.62
Here’s how you can check the allotment status on NSE:
- Visit the National Stock Exchange IPO Allocation Verification web page.
- Choose the ‘Equity & SME IPO bid details’ and select ‘LGEINDIA’ from the ‘Select Symbol’ option.
- Enter your Pan and application details and click submit.
How to Check Allocation Status on Kfin Technologies:
- Visit the Kfin Technologies IPO Allotment Status Page.
- Click on one of the available links.
- Under Select IPO, choose LG India IPO.
- Enter any of the following details: PAN, Application Number, Demat Account Number
- Complete the captcha and click Submit to view your assignment status.
Performance
In financial year 2025, LG Electronics India posted strong results, with revenue rising 14% year-on-year to Rs 24,631 crore and profit after tax rising 46% to Rs 2,203 crore. The company maintained an EBITDA margin of 12.8% and a PAT margin of 9%, remained debt-free and demonstrated a robust financial profile with a return on capital employed (ROCE) of 43% and a return on equity (ROE) of 37%.Shares of LG Electronics India are trading at a gray market premium of Rs 355-360. With the IPO price range set at Rs 1,080 to Rs 1,140, the listing price is projected around Rs 1,500, suggesting a potential gain of around 32% per share.The Rs 11,607 crore IPO received bids for 3,85,33,26,672 shares against 7,13,34,320 shares on offer, according to NSE data. At the higher end, the company’s valuation is around Rs 77,400 crore.LG India becomes the second South Korean company to enter the Indian stock market after Hyundai Motors India Ltd, which went public last October.
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