LG Electronics India IPO Listing Live Updates: Management addresses the media after strong debut

LG Electronics India IPO Listing Live Updates: The shares of LG Electronics India will be making their stock market debut today after a bumper subscription to its three-day initial public offering. The IPO became the most bid IPO of the country in history after receiving bids worth nearly ₹4.5 lakh crore, easily surpassing the ₹3.2 lakh crore previous bidding record held by Bajaj Housing Finance. Watch this space for all the live updates.

LG Electronics India IPO Listing Live Updates: The shares of LG Electronics India will be making their stock market debut today after a bumper subscription to its three-day initial public offering. The IPO became the most bid IPO of the country in history after receiving bids worth nearly ₹4.5 lakh crore, easily surpassing the ₹3.2 lakh crore previous bidding record held by Bajaj Housing Finance. Overall subscription for the issue stood at 54 times the total shares on offer. Subscription was led by the institutional investors, who bid for more than 160 times the total shares on offer. The non-institutional portion and the retail portion also saw healthy subscription. Current reports in the unlisted market are indicating a Grey Market Premium (GMP) of ₹430 for shares of LG Electronics India, which are priced at ₹1,140 apiece. These reports are speculative and the listing price could differ. Motilal Oswal has already initiated coverage on the stock, projecting a 58% upside. Watch this space for all the Live updates.