LG Electronics India IPO GMP has risen to as much as 35 percent ahead of its market debut on October 14, indicating strong investor sentiment for the Rs 11,607-crore issue.

The public offer, open between October 7 and 9, was subscribed over 54 times, led by robust demand from institutional investors.

As per platforms tracking the unregulated market trends, the shares of LG Electronics India are quoting a GMP in the range of 32-35 percent. Investorgain reported a premium of Rs 395 per share, suggesting a potential listing gain of 34.65 percent, while IPO Watch pegged the premium at 32 percent.

The company had earlier raised Rs 3,475 crore from anchor investors. The IPO was priced in a band of Rs 1,080 to Rs 1,140 per share.

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