India, Oct. 13 -- LG Electronics India Ltd. is on course for a listing-day pop on Tuesday, if demand for its shares in the unregulated market are anything to go by.

The grey market premium for LG India's share price stood at Rs.411 over and above the IPO price of Rs.1,080-1,140 apiece, according to Investorgain. That indicates a listing-day premium of 36.05%.

To be sure, the GMP is a signal, not a guarantee. It reflects what traders are willing to pay for an IPO-bound stock in the unofficial market-it doesn't guarantee listing-day gains. The GMP can swing dramatically as it's detached from the fundamentals of a stock.

The allotment status for the LG India IPO has been finalised, marking a key milestone for what is one of India's most a...