The blockbuster IPO of LG Electronics India Ltd, which is India’s largest offer-for-sale this year, is all set to make a grand debut on the stock market tomorrow, October 14, on BSE and NSE. The ₹11,607 crore mega-issue—which will be entirely funded by parent company LG Electronics Inc. OFS of 101.8 crore shares—has generated enthusiasm among investors. Gray Market Premium (GMP) has touched ₹430 per share today, indicating a strong gain of 34.65% over the upper price band of ₹1,140. According to InvestorGain data, estimated listing price: ₹1,570, which is ahead of recent competitors like Tata Capital’s flat opener.

The bidding process was completed on October 9 after a blistering round: a total of 54.02 times subscription was received, with bids received for 3.85 billion shares against 71.3 million shares. Qualified institutional buyers (QIBs) led the way with gains of 166.51 times, led by major stocks like BlackRock ($500 million) and Capital Group; Non-institutional investors (NIIs) accessed 22.44 times, while retail individual investors (RIIs) accessed 3.55 times—modest but steady amid a lot size of 13 shares (minimum ₹14,820).

The allotment was finalized on October 10 through KFin Technologies; Check status using PAN, DP ID or application number on kfintech.com. GMP’s rise—from ₹298 in the third day to ₹430 today—reflects the post-allotment movement, which belied another dip in profit-booking. “Strong QIB anchor and brand equity indicate premium listing,” say Chittorgarh analysts. Analysts believe that despite the fluctuations, a gain of 25-35% is expected.

LG Electronics India, a powerhouse established in 1997, dominates consumer durables with 30% air-conditioner market share and 18% TV share. FY20 revenue stood at ₹30,000 crore (growth of 12% YoY) and net profit of ₹2,625 crore (growth of 15%), supported by 949 service centers and 12,590 engineers. These segments include home appliances (45% of revenue), air solutions (30%), and entertainment (25%), which include inverter AC innovations since 2014.

Bookrunners Morgan Stanley, JP Morgan, Axis Capital, Bank of America and Citi have valued it at 13 times FY25 P/B—a premium but justified by 8.95% post-tax profit margin and net worth of ₹6,448 crore (Q1FY26). Post listing, the proceeds will raise funds for global expansion without fresh capital for the promoter.

With Dalal Street gearing up for a fall in Sensex following US cues, LG’s entry could give a boost to consumer stocks. Retail allottees, login after 2:30 pm tomorrow for credit; GMP watchdogs, prepare for an explosive performance. In the race for a ₹1.5 lakh crore IPO in October, LG is shining as a blue-chip company.