The issue was booked 54.02 times. QIBs, or qualified institutional buyers, led the way, purchasing 166.51 times the share reserved for them. Non-institutional investors, or high net worth individuals, bought 22.42 times the quota reserved for them and bid for Rs 34 crore shares, against 1.5 crore shares on offer. The employee portion was booked more than 7.6 times, while private investors bought 3.54 times the portion reserved for them.
As per available data, LG Electronics India IPO is currently witnessing a gray market premium (GMP) of Rs 345-350 over the upper price band of Rs 1,140 per share. This implies a potential list price of around Rs 1,490.
However, it should be noted that GMP is only an informal indicator and does not reflect actual listing performance.
The price range for the IPO was between Rs 1,080 and Rs 1,140 per share, with a minimum lot size of 13 shares requiring an investment of Rs 14,820 at the top end.
The issue is open to retail investors for applications up to Rs 2 lakh, while HNIs and institutions can apply for higher bids with proportionate allotment. With these subscription figures, this IPO marks LG Electronics India as the third largest public offering of 2025 so far, after HDB Financial and Tata Capital. With a total size of Rs 11,607 crore, it also by definition qualifies as one of the largest issues of the year. of a large IPO of over Rs 10,000 crore. As per the data available on the BSE website, the issue was fully subscribed on Day 1 with strong traction continuing through Day 2 and into the last day.
Also read: Tata Motors split: Record date on October 14, share crashes more than 9% in 5 sessions. What next for investors?
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