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LG Electronics IPO Gets Record Subscription: Check Allotment Status, Latest GMP

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The IPO allotment will likely take place on October 10 (Friday), while its listing is scheduled to take place on October 14 on both the BSE and the NSE.

LG Electronics India IPO Allotment Status.

LG Electronics India IPO Allotment Status.

LG Electronics IPO Listing Price Prediction: The LG Electronics IPO has created history by garnering bids worth a record Rs 4.4 lakh for its Rs 11,607-crore initial public offering (IPO). Investors are now awaiting its allotment, which is expected to be finalised in the evening today, October 10. Once finalised, investors will receive bank debit message and can also check the IPO allotment status on the websites of the BSE, NSE, and registrar Link Intime.

Its grey market premium or GMP has increased to 34%, compared with nearly 33% earlier.

LG Electronics India IPO Listing Price Prediction

According to market observers, shares of LG Electronics India Ltd are expected to be listed at Rs 1,526 on the BSE and the NSE, as per its grey market premium. The GMP currently stands at Rs 386, which is nearly 33.86% over its IPO price of Rs 1,140, indicating a strong listing for the issue.

The GMP is based on market sentiments and keeps changing. ‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.

LG Electronics IPO Listing Date & Allotment Date

The IPO allotment will take place on October 10 (Friday), while its listing is scheduled to take place on October 14 on both the BSE and the NSE.

LG Electronics IPO: A Step-By-Step Guide To Check Allotment Status

The LG Electronics IPO allotment will be finalised in the evening on Friday. Once finalised, the allotment status can be checked online by following these steps:

1) Go to the official BSE website via the URL — https://www.bseindia.com/investors/appli_check.aspx.

2) Under ‘Issue Type’, select ‘Equity’.

3) Under ‘Issue Name’, select ‘LG Electronics India Ltd’ in the dropbox.

4) Enter your application number, or the Permanent Account Number (PAN). Those who want to check their allotment status via PAN can select the ‘Permanent Account Number’ option.

5) Then, click on the ‘I am not a robot’ to verify yourself and hit the ‘Search’ option.

Your share application status will appear on your screen.

On Kfin Technologies’ Portal

You can also visit directly on the registrar Kfin Technologies’ portal — and check the LG Electronics IPO allotment status.

On NSE’s Website

The allotment status can also be checked on the NSE’s website at https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids.

LG Electronics IPO Subscription Status

On the final day of the three-day bidding, the issue received a 54.02x subscription, garnering bids for 3,85,36,08,759 shares as against the 7,13,34,320 shares on offer. The retail and NII participation stood at 3.55x and 22.44x, respectively. The QIB category was subscribed by 166.51x.

Mohammad Haris

Mohammad Haris

Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h…Read More

Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h… Read More

News business ipo LG Electronics IPO Gets Record Subscription: Check Allotment Status, Latest GMP
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