LG Electronics India has set a new benchmark in the Indian capital markets, with its blockbuster initial public offering (IPO) attracting bids worth an unprecedented ₹4.4 lakh crore. This marks the first time any IPO in India has crossed the ₹4 lakh crore subscription mark, reflecting immense investor confidence in the company’s growth potential and market leadership.
Record-Breaking Demand Across Investor Segments
During the three-day bidding period, the LG Electronics IPO drew applications for over 385 crore shares against the 7.13 crore shares on offer — translating to a massive 54.02 times overall subscription. The total bid amount now stands as the highest ever in India’s IPO history.
The IPO witnessed strong participation across all investor categories:
- Qualified Institutional Buyers (QIBs): 166.51 times subscribed
- Non-Institutional Investors (NIIs): 22.44 times subscribed
- Retail Individual Investors (RIIs): 3.54 times subscribed
This phenomenal response eclipses previous market records, including Bajaj Housing Finance’s ₹3.24 lakh crore in September 2024, Coal India’s ₹2.36 lakh crore in 2010, Tata Technologies’ ₹1.56 lakh crore in 2023, and Premier Energies’ ₹1.48 lakh crore in 2024.
IPO Price Band and Valuation
The IPO was priced in the range of ₹1,080–₹1,140 per share, valuing LG Electronics India at around ₹77,400 crore at the upper end. Ahead of the public issue, the company raised ₹3,475 crore from anchor investors, indicating robust institutional backing even before the subscription window opened.
Next Steps: Allotment and Listing
The basis of share allotment is likely to be finalized on October 10, while listing on Indian stock exchanges is scheduled for October 14. Investors are now eagerly awaiting listing-day performance following the record-setting demand.
Summary
LG Electronics India’s IPO has made history, becoming the most subscribed IPst inO by value in India with ₹4.4 lakh crore in bids and an oversubscription of over 54 times. The overwhelming investor participation — especially from institutional buyers — highlights strong market tru the company’s fundamentals and growth trajectory. The IPO’s successful run now sets a new milestone in India’s equity market evolution.
Disclaimer:
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