LG Electronics India IPO to List Tomorrow on NSE and BSE: All Eyes on the Mega Debut

Noida, October 13: The much awaited Initial public Offering of LG Electronics India Limited is going to list on NSE and BSE tomorrow, on October 13. The mega ₹11,607 crore IPO, which opened on October 7, closed on October 9 and received overwhelming investor response. Investors who applied to the issue and got the allotment, can check the listing price tomorrow after the market opens.

LG Electronics India Limited is an Indian company that manufactures and sells electronic products such as TVs, ACs, etc. The company is a subsidiary of LG Electronics Limited, South Korea and was established in 1197. The company is headquartered in Greater Noida, Uttar Pradesh. The company reported a revenue from operations of ₹24,366 crore for the period, with a net profit of ₹2,203.5 crore. This translates to an earnings per share (EPS) of ₹32.46.

LG Electronics India IPO Overall Subscription At 54.02

The IPO was oversubscribed by a total of 54.02 times. The portion for Qualified Institutional Buyers (QIBs) was subscribed 166.51 times, and the portion for Non-Institutional Buyers (NIIs) was subscribed 22.44 times. Within the NII category, large bids were subscribed 24.68 times and small bids 17.98 times. Retail investors subscribed 3.55 times their quota, and the employee section was subscribed 7.62 times. The Anchor Investor part was fully subscribed, raising ₹3,474.90 crore. Overall, against 7.13 crore shares offered, the company received bids for 385.36 crore shares, valued at a total of ₹4,39,311.40 crore.

LG Electronics India Raised ₹3,474.95 Crore From 150 Marquee Anchor Investors

Ahead of the IPO, LG Electronics India raised ₹3,474.95 crore from 150 marquee anchor investors at ₹1,140 per share. Top anchor investors included SBI Mutual Fund, HDFC Mutual Fund, ICICI Prudential, Kotak Mahindra, Mirae Asset, Aditya Birla Sun Life, Fidelity, BlackRock, T. Rowe Price, and the Government of Singapore.

LG Electronics India IPO Issue Size of ₹11,607.01 Crore

The IPO has an issue size of ₹11,607.01 crore, which includes an entirely offer for sale issue of 10.18 crore shares, with no fresh issue element. The company has set ₹1,080 – ₹1,140 per share as the price band. The lot size is 13 shares, amounting to a minimum investment of ₹14,040 by a retail investor at the upper price band. The lot size investment for sNII is 14 lots (182 shares), amounting to ₹2,07,480, and for bNII, it is 68 lots (884 shares), amounting to ₹10,07,760.

Morgan Stanley India Co.Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.

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