LG Electronics IPO GMP hints at double-digit returns. Should you subscribe?

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LG Electronics India's IPO opens tomorrow, October 7, with strong grey market buzz predicting a 22% listing gain. Priced at Rs 1,080-1,140 per share, the Rs 11,607-crore offering has analysts recommending "Subscribe" due to LG's market leadership and growth prospects in India's booming home appliances sector. Listing is expected on October 14.