India, Oct. 14 -- LG Electronics India Ltd. is set to have a listing-day pop as its share price rose by more than a third in the grey market, indicating a listing-day pop.

At 8:35 am, the LG India share price was seen at Rs.1,562, which is a 37.02% premium over the IPO price of Rs.1,140, according to Investorgain. Meaning, the company is currently enjoying a grey market premium of Rs.422.

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.

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