Market Performance
The LG Electronics India IPO continued to draw significant investor interest on October 8. By the second day of bidding, the issue had been subscribed 1.51 times, with Non-Institutional Investors (NII) leading the way, booking nearly 4 times their reserved portion.
Overall, the IPO reflects strong demand in the stock market today, signaling robust interest in the consumer electronics and home appliances sector.
Main News: Subscription Highlights
The IPO, which aims to raise ₹11,607 crore, has received bids for more than 10.75 crore shares against the 7.13 crore shares on offer, according to NSE data as of 11 a.m.
Investor participation breakdown:
- Non-Institutional Investors (NII): Nearly 4x subscription of reserved portion
- Retail Individual Investors (RII): Fully booked, at 116% of reserved portion
- Qualified Institutional Buyers (QIB): Subscribed 49% of reserved portion
A day before public bidding began, 149 anchor investors subscribed for ₹3,474.9 crore, securing a strong foundation for the IPO.
Company Details
LG Electronics India is a leading manufacturer of home appliances and consumer electronics. It claims to lead the market in India for several product categories in the offline channel, including:
- Washing machines
- Refrigerators
- Panel televisions
- Inverter air conditioners
- Microwaves
The IPO is solely an Offer for Sale (OFS) by its Korean parent, LG Electronics Inc., with no fresh shares issued, meaning all proceeds will go to the selling promoters rather than the company.
The price band for the IPO is ₹1,080–1,140 per share, with a minimum bid of 13 shares, requiring an investment of ₹14,820 at the upper band. Allotments are expected by October 10, with listing scheduled for October 14.
Summary
The LG Electronics India IPO is shaping up as one of the most watched consumer durables listings, with strong demand from NII, RII, and anchor investors.
Its position as a market leader across multiple product categories, combined with a wide offline and B2B distribution network, underscores its significance in India’s home appliances and consumer electronics market.
The strong subscription numbers on the second day highlight both investor confidence and continued interest in high-demand consumer products in the stock market today.
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