LIVE IPO UPDATES FOR LG Electronics: Investor attention has now turned to the listing of the LG Electronics IPO after a successful IPO and allocation completion. A strong debut for IPO investors is indicated by the gray market.
LIVE IPO UPDATES FOR LG Electronics: Tomorrow, October 14, LG Electronics IPO shares will go live on the Indian stock exchange. Investors are closely monitoring the grey market premium (GMP) prior to the IPO.Today's LG Electronics IPO GMP is ₹370, per investorgain.com. Even though it is slightly below its peak of over ₹400, it still indicates a 32.46% listing return for IPO investors. The share price of LG Electronics may list at ₹1510 based on the GMP and issue price.
Subscription Status for LG Electronics IPO On the last day of bidding, the IPO received 54.02 times the subscription, demonstrating the tremendous reaction. Institutional investors' keen interest was a major factor in the demand spike.
The National Stock Exchange (NSE) reports that bids for 3,85,33,26,672 shares were received during the initial public offering (IPO), while the total number of shares offered was 7,13,34,320.
With 166.51 subscriptions, the Qualified Institutional Buyers (QIBs) category attracted the most interest. There were 22.44 subscriptions to the Non-Institutional Investors (NIIs) category and 3.54 subscriptions to the Retail Individual Investors (RIIs) sector.
The National Stock Exchange (NSE) reports that bids for 3,85,33,26,672 shares were received during the initial public offering (IPO), while the total number of shares offered was 7,13,34,320.
With 166.51 subscriptions, the Qualified Institutional Buyers (QIBs) category attracted the most interest. There were 22.44 subscriptions to the Non-Institutional Investors (NIIs) category and 3.54 subscriptions to the Retail Individual Investors (RIIs) sector.
The company was valued at around ₹77,400 crore at the upper end of the price range, with the IPO, valued at ₹11,607 crore, being offered in a price range of ₹1,080 to ₹1,140 per share.
On October 14, LG Electronics India is anticipated to debut on the stock exchange.
On October 14, LG Electronics India is anticipated to debut on the stock exchange.
Investors bid 385 crore shares against the 7.13 crore offered in LG Electronics' IPO LIVE Updates.
LIVE IPO UPDATES FOR LG Electronics: The ₹11,607 crore issuance was a comprehensive offer-for-sale, with bids for 385.36 crore shares placed against the 7.13 crore shares on offer during the three-day bidding procedure, which took place from October 7 to 9.
The QIB category contributed 338 crore of the total bids, while the NII segment contributed 34 crore. There were offers for 12.63 crore shares for the retail portion and 16 lakh shares for the employee portion.
LIVE IPO UPDATES FOR LG Electronics: The ₹11,607 crore issuance was a comprehensive offer-for-sale, with bids for 385.36 crore shares placed against the 7.13 crore shares on offer during the three-day bidding procedure, which took place from October 7 to 9.
The QIB category contributed 338 crore of the total bids, while the NII segment contributed 34 crore. There were offers for 12.63 crore shares for the retail portion and 16 lakh shares for the employee portion.
LIVE Updates on LG Electronics' IPO: Moderate interest from retail investors
LIVE IPO UPDATES FOR LG Electronics: The demand was mostly driven by institutional investors, especially QIBs, whose portion was subscribed 166.51 times, even though the IPO received a huge response during its bidding period. The NII category came next, with 22.44 subscriptions.
However, the employee piece experienced great demand, with a subscription rate of 7.62 times, while the retail portion received a modest reaction, with 3.55 bookings.
LIVE IPO UPDATES FOR LG Electronics: The demand was mostly driven by institutional investors, especially QIBs, whose portion was subscribed 166.51 times, even though the IPO received a huge response during its bidding period. The NII category came next, with 22.44 subscriptions.
However, the employee piece experienced great demand, with a subscription rate of 7.62 times, while the retail portion received a modest reaction, with 3.55 bookings.
LG Electronics IPO LIVE Updates: 50x subscriptions for the biggest mainboard issuance above ₹10,000 crore
IPO of LG Electronics: It was also the greatest mainboard issue of over ₹10,000 crore to earn a subscription rate of more than 50 times due to the robust response to the ₹11,607 crore issue. In contrast, HDB Financial Services, which floated in June with an issue size of ₹12,500 crore, got a subscription rate of 16.7 times, while Tata Capital's recent issue of ₹15,511 crore earned a subscription rate of 1.9 times.
According to Trendlyne data, only four mainboard initial public offerings (IPOs) with issue sizes greater than ₹1,000 crore have achieved a 50-fold subscription rate thus far this year.
IPO of LG Electronics: It was also the greatest mainboard issue of over ₹10,000 crore to earn a subscription rate of more than 50 times due to the robust response to the ₹11,607 crore issue. In contrast, HDB Financial Services, which floated in June with an issue size of ₹12,500 crore, got a subscription rate of 16.7 times, while Tata Capital's recent issue of ₹15,511 crore earned a subscription rate of 1.9 times.
According to Trendlyne data, only four mainboard initial public offerings (IPOs) with issue sizes greater than ₹1,000 crore have achieved a 50-fold subscription rate thus far this year.
LIVE IPO UPDATES FOR LG Electronics: LG exports to a number of foreign markets.
South-Central America, Asia, Africa, and the Middle East are among the international markets to which the company sends its goods. Usually, export orders are coordinated with the relevant LG regional offices after being received directly from LG Electronics.
The nations that LG Electronics chooses to export to are determined by corporate goals and market demand. It makes contracts with distributors who promise to buy goods from the business (as a subsidiary of LG Electronics) and resell them to customers directly or through approved dealers in the areas they are assigned.
South-Central America, Asia, Africa, and the Middle East are among the international markets to which the company sends its goods. Usually, export orders are coordinated with the relevant LG regional offices after being received directly from LG Electronics.
The nations that LG Electronics chooses to export to are determined by corporate goals and market demand. It makes contracts with distributors who promise to buy goods from the business (as a subsidiary of LG Electronics) and resell them to customers directly or through approved dealers in the areas they are assigned.
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