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LG Electronics IPO GMP hits ₹370 as listing looms
LG IPO’s grey market premium jumps; listing set for Oct 14.
Ahead of its market debut, LG Electronics India’s IPO grey market premium surged to ₹370 as investor demand remains strong. The IPO raised over ₹4.4 lakh crore in subscription and received bids 54× oversubscribed. Listing is expected on October 14, and market participants are keen to see how much of the paper premium translates into listing gains. The heavy subscription underscores strong retail appetite despite volatile sentiment.