A common household name and one of the most awaited IPO of the consumer electronics giant, LG Electronics India is gearing up to open its IPO subscription window tomorrow, October 7.

The company’s Rs 11,607 crore IPO will remain open till October 9. This will also mark it one of the biggest listings from the home appliances segment this year.

Before the issue hits Dalal Street, let’s take a look at what the GMP is indicating and other key details of the issue –

LG Electronics IPO: GMP surges before opening day

The LG Electronics shares in the unlisted market, as of the latest, is commanding a premium of Rs 278 over the upper price band of Rs 1,140. This translates to nearly 24% potential listing gains.

The premium has fluctuated in recent days, swinging between Rs 146 and Rs 250.

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