Mon Oct 06 03:40:00 UTC 2025: Here’s a summary of the text and a rewritten news article:

**Summary:**

LG Electronics India is launching its IPO on October 7th, with a price band of Rs 1,080-1,140 per share. The IPO aims to raise Rs 11,607 crore. The Grey Market Premium (GMP) suggests decent listing gains. Brokerages have mixed opinions, citing the company’s strong brand but also noting its valuation compared to peers. The IPO is entirely an Offer For Sale with no funds raised for LG Electronics India.

**News Article:**

**LG Electronics India Launches Rs 11,607 Crore IPO Amidst Market Buzz**

**New Delhi, India -** LG Electronics India, the Indian subsidiary of South Korean electronics giant LG, is set to launch its initial public offering (IPO) on Tuesday, October 7th, aiming to raise Rs 11,607 crore. The price band for the IPO has been fixed between Rs 1,080 and Rs 1,140 per share.

The IPO will be open for subscription from October 7th to October 9th, with allotment finalized on October 10th and listing expected on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) on October 14th. Retail investors can participate with a minimum investment of Rs 14,820 for a lot of 13 shares.

Market observers indicate a strong Grey Market Premium (GMP) of approximately 21.93%, suggesting potential listing gains for investors. However, analysts’ opinions are divided. Some brokerages are giving “Neutral” ratings, balancing the company’s well-known brand against its valuation when compared to other Non-Banking Financial Institutions (NBFCs). Others are optimistic, citing LG Electronics India’s digital push, diversified lending model, growth in revenues, and strong position in India’s expanding credit market and “Subscribe – Long Term” ratings.

This IPO is an Offer For Sale, meaning the proceeds will go to the parent company, and the Indian arm won’t receive the funds raised. LG Electronics India, a major player in consumer electronics and home appliances, has manufacturing facilities in Noida and Pune. The company’s revenue from operations for FY24 stood at Rs 64,087.97 crore. The issue is being managed by Morgan Stanley India, J P Morgan India, Axis Capital, BofA Securities India, and Citigroup Global Markets India.

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