LG Electronics IPO subscribed 2.95 times so far on Day 2, GMP up 26% – What’s driving the buzz?

LG Electronics IPO GMP Live, LG Electronics IPO Subscription Status Live Updates: LG Electronics India IPO enters day 2 of bidding, price band between Rs 1,080-1,140; check subscription status and bid before October 9!

LG Electronics IPO GMP, Subscription Status Online Live Updates: LG Electronics India, one of the most familiar names in home appliances and consumer electronics enters Day 2 of subscription. The IPO opened its subscription window on October 7. The subscription window will remain open until October 9.

Here’s what you should keep in mind before placing your bid.

LG Electronics India IPO: Dates, price band, and lot size LG Electronics India’s IPO subscription opens today, October 7, and will remain active until October 9. The price band of the issue is between Rs 1,080-1,140 per share. The minimum retail lot of the issue is 13 shares.

The offer is structured as a pure Offer for Sale (OFS). This means tht meaning there is no fresh capital being raised. Existing promoters are selling their shares, and the company itself will not receive any IPO proceeds.

LG Electronics India IPO: How the shares are divided The IPO is designed to attract a mix of investors. This includes 50% of the shares reserved for qualified institutional buyers (QIBs). 15% for non-institutional investors (NIIs), and 35% for retail investors.

Promoter LG Electronics Inc will offload over 10 crore shares, reducing its stake from 100% to 85% post-IPO.

LG Electronics India IPO: What the GMP is saying As of the latest, LG Electronics India’s unlisted shares are trading at around Rs 1,418. This indicates a premium of 24% over the IPO’s upper price band.

The IPO allotment is expected to be finalised on October 10, with listing scheduled for October 14 on both the NSE and BSE.

The issue is being managed by heavyweights including Morgan Stanley, JP Morgan, Citigroup, Axis Capital, and BofA Securities, with KFin Technologies acting as the registrar.

LG Electronics IPO Subscription Status Live: Follow Live Coverage on LG Electronics IPO GMP, Subscription Status, Grey Market Premium, Listing Date, Review and More

Readers Comments