The buzz around the LG Electronics IPO has been hard to miss this week. As the company wrapped up its three-day public issue on October 9, investor participation told its own story — one of massive demand and growing confidence in consumer electronics plays.
Market Performance
In today’s stock market, sentiment leaned toward high activity in the IPO space, with investors closely tracking the LG Electronics allotment process. The allotment status for the IPO is expected to be finalised today, marking another key milestone in the company’s market debut journey.
Main News: LG Electronics IPO Sees Exceptional Demand
The LG Electronics IPO drew extraordinary traction across all investor categories — retail, institutional, and non-institutional.
By the close of the subscription period, the numbers stood out clearly:
- Total bids received: 3,85,32,39,416 shares
- Shares offered: 7,13,34,320 shares
- Overall subscription: 54.02 times
That kind of demand reflects both investor confidence and the strong brand recall LG carries in the consumer technology space.
Company & Offer Details
The ₹11,607-crore IPO was priced in the band of ₹1,080 to ₹1,140 per share, valuing the company at around ₹77,400 crore at the upper end of the range.
The public issue was structured as a complete Offer for Sale (OFS) — comprising 10.18 crore shares being sold by the South Korea-based promoter.
That means none of the IPO proceeds will go to the company itself; instead, the funds raised will flow directly to the promoter.
This approach is not unusual for established global players entering or expanding in the Indian market. It allows them to enhance liquidity and diversify ownership without diluting the company’s internal resources.
Industry Context: Second South Korean Giant to List in India
Following Hyundai’s entry last year, LG Electronics becomes the second South Korean company to make its way to the Indian stock exchanges. The move highlights the growing trend of international consumer electronics brands leveraging India’s equity markets to expand local presence and deepen investor participation.
The listing also underscores India’s appeal as a capital market destination for multinational corporations looking to tap into domestic investors’ appetite for global brands.
Summary
The LG Electronics IPO has closed with exceptional investor response and subscription numbers that underscore strong market sentiment.
Here’s a quick recap of the key data:
- IPO Size: ₹11,607 crore
- Price Band: ₹1,080–₹1,140 per share
- Valuation: ₹77,400 crore (upper end)
- Offer Type: 100% Offer for Sale (10.18 crore shares)
- Subscription Level: 54.02 times
With the allotment expected to be finalised shortly, all eyes are now on the listing, which will mark another milestone for global companies entering Indian markets through IPOs.
Easy & quick
Leave A Comment?