LG Electronics India IPO Listing Date: Top 5 insights retail investors should know before NSE and BSE debut

As the LG Electronics India share listing approaches, here are the key details you need to know.

LG Electronics India IPO subscription details

The QIB portion of the LG Electronics IPO saw the highest bidding to date, worth ₹3.85 lakh crore. The previous record was held by the Bajaj Housing Finance IPO, whose QIB portion received bids valued at ₹2.60 lakh crore. The category was subscribed 166.51 times. They applied for 3,38,36,21,748 shares as compared to 2,03,21,026 shares on offer.

The non-institutional investors' (NIIs) quota was booked 22.45 times, as they submitted bids for 34,20,85,835 shares against 1,52,40,770 shares on offer.

Retail individual investors (RIIs) applied for 12,61,50,037 shares compared to 3,55,61,796 equity shares reserved, reflecting a subscription of 3.55 times.

LG Electronics India IPO GMP

LG Electronics India IPO objectives

The initial share sale sought to raise ₹11,607.01 crore via an offer for sale of 10.18 crore shares by LG Electronics Inc.

As there is no fresh issue component, the money generated will go to selling shareholders.

In its red herring prospectus, the company said it expects to achieve benefits from listing on the stock exchanges. "Further, our company expects that listing of the equity shares will enhance our visibility and brand image and provide liquidity and a public market for the equity shares in India," it added.

LG Electronics India IPO share credit, refund and listing date

Shares will be credited to the Demat account of investors who received the LG Electronics India IPO allotment on Monday, October 13. For unsuccessful investors, refunds will be processed on the same day.

LG Electronics India IPO financials