LG Electronics IPO, consists of an offer for sale of 10.18 crore shares, priced between ₹1,080 and ₹1,140. Notably, LG Electronics will be the second South Korean company to list on the Indian stock exchanges, following Hyundai Motors‘ listing on October 22, 2024.
Tata Capital vs LG Electronics IPO: Where should you invest?
Prashanth Tapse, Sr VP Research – Research Analyst at Mehta Equities Ltd, said that for conservative long-term investors, we believe the Tata Capital IPO brings an opportunity to invest in India’s financial services space, combining scale, diversification, and strong brand credibility under the Tata Group.
Tapse said the company has delivered strong growth with steady improvement in revenue from operations and profitability. On the valuation front, based on the upper price band of ₹326, the issue is asking for a market cap of ₹1,38,383 crore.
“Based on FY 2026 annualised earnings and fully diluted post- IPO paid-up capital, the company is asking for a PB of 3.2x, which appears reasonably priced compared to ~4x average of its comparable listed peers, leaving healthy scope for long-term value creation,” he added.
Further, Prashanth Tapse noted that for investors seeking both short-term listing gains and long-term growth potential, LG Electronics India IPO offers an attractive entry into India’s leading home appliances and consumer electronics company. “As the market leader in key segments like washing machines, refrigerators, and televisions, LG Electronics India holds a dominant position backed by strong brand equity and deep market penetration. The IPO provides Indian investors a rare opportunity to participate in the long-term growth journey of a global consumer electronics giant,” according to Tapse.
At the upper end of the price band, the valuation appears reasonable when compared to domestic listed peers, many of which are trading at significantly higher multiples, he said. Additionally, strong tailwinds such as the ongoing festive season, GST-related benefits, and rising consumer incomes are expected to drive robust growth in the home appliances and electronics sector, supporting the company’s performance in the coming quarters, the expert added.
IPO GMPs
Tata Capital IPO GMP today
Tata Capital IPO GMP today, or grey market premium, is ₹12.5. This indicates the Tata Capital share price is trading at a premium of ₹12.5 in the grey market, according to investorgain.com.
Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Tata Capital is ₹338.5 apiece, which is 3.83% higher than the IPO price of ₹326.
Based on the grey market activities over the last 12 sessions, the IPO’s grey market premium (GMP) is trending downward and is expected to decline further. Experts report that the lowest GMP recorded is ₹7.50, while the highest reached ₹30.
LG IPO GMP today
LG Electronics IPO GMP today is ₹318. This indicates LG Electronics share price is trading at a premium of ₹318 in the grey market, according to investorgain.com.
Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of LG Electronics is ₹1,458 apiece, which is 27.89% higher than the IPO price of ₹1,140.
Based on the grey market activities observed over the last seven sessions, today’s IPO Grey Market Premium (GMP) is trending upward, suggesting a strong listing is anticipated. Experts indicate that the lowest GMP recorded is ₹145.00, while the highest reaches ₹318.
‘Grey market premium‘ indicates investors’ readiness to pay more than the issue price.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
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