LG Electronics India IPO subscribed 5.36 times so far on day 3: Check allotment date and steps to track status

LG Electronics India IPO: The initial public offering of consumer electronics giant LG Electronics India has been subscribed 5.36 times so far on Thursday, October 9, the third and the final day of bidding.

Investors applied for 38,21,95,853 shares compared to 7,13,34,320 shares on offer, as per the data on the stock exchanges until 12:01 pm.

The part meant for non-institutional investors received 14.36 times subscription, while the quota for qualified institutional buyers (QIBs) got booked 3.48 times. The category reserved for retail investors fetched 2.57 times the subscription.

The ₹11,607.01 crore initial share sale, with a price band of ₹1,080 to ₹1,140 per share, is an entirely offer-for-sale of 10.18 crore shares by the South Korean-based parent, LG Electronics Inc. The lot size is 13 shares.

As there is no fresh issue component, the company will not receive any IPO proceeds.

LG Electronics India, a leading player in major home appliances and consumer electronics, manufactures and sells products, including LED TV panels, washing machines, inverter air conditioners, refrigerators and microwaves.

LG Electronics India IPO: Allotment and listing dates

The basis of allotment of the LG Electronics India IPO will be finalised on Friday, October 10, while shares will be listed on the stock exchanges on Tuesday, October 14.

How to check LG Electronics India allotment status on KFin Technologies website

• Visit the registrar's official website: https://ipostatus.kfintech.com/
• In the ‘Select IPO’ section, pick ‘LG Electronics India Ltd’
• Enter IPO application number, Demat account number or PAN
• Click on ‘Submit’

LG Electronics India allotment status on NSE; step-by-step guide

• Visit NSE’s allotment status page: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Pick ‘Equity & SME IPO bid details’ option
• Choose ‘LG Electronics India’ under the symbol ‘LGEINDIA’
• Add your PAN and application number
• Hit the 'Submit' button

Steps to check LG Electronics India allotment status on BSE

• Visit the BSE IPO allotment status portal: https://bseindia.com/investors/appli_check.aspx.
• Keep ‘Equity’ as the issue type
• From the ‘Issue Name’ menu, select ‘LG Electronics India Ltd’
• Mention PAN or IPO application number
• Press the ‘Search’ button

LG Electronics India IPO GMP

According to investorgain.com and media reports, LG Electronics India's unlisted shares are trading at ₹1,440, reflecting a grey market premium of 26.32% over the upper price band of ₹1,140.