LG Electronics IPO: BSE-listed company with ₹30 crore market cap applies for ₹748.5 crore worth of shares

LG Electronics IPO subscription seems to be the talk of the stock market. The public issue saw a record overall subscription of 54.02 times on the final day. The IPO received bids worth ₹4.39 lakh crore against an issue size of ₹11,607.01 crore.

Qualified institutional buyers (QIBs), which include large financial institutions like mutual funds, insurance companies, NBFCs, pension funds, and commercial banks, have led the bidding for LG Electronics IPO. The QIB portion of the LG Electronics IPO was booked 166.51 times, receiving bids for over 338 crore shares worth ₹3.85 lakh crore against 2.03 shares on offer for the category.

The QIB portion of the LG Electronics IPO saw the highest bidding to date. Previously, the Bajaj Housing Finance IPO, which was listed in September 2024, held the record for the highest QIB subscription worth ₹2.60 lakh crore.

Small-cap firm Winro Commercial India bids for ₹748.5 crore

The hype around LG Electronics' IPO is so huge that BSE-listed NBFC Winro Commercial India has applied for over 65.65 lakh equity shares of this IPO at a price of ₹1,140 per share under the QIB segment. Winro Commercial India's total application value is of ₹748.5 crore, which is substantial compared to its traded shares market capitalisation of ₹30.62 crore.

However, not all of Winro Commercial India bids will translate into allotment of LG Electronics shares. Since there is a huge subscription under the QIB category, not all IPO bidders will get be alloted the shares they suubcribed for. One should keep a close eye on the final allotment status of the LG Electronics IPO.

Winro Commercial India is a non-banking financial company (NBFC) registered with the Reserve Bank of India (RBI) and carries out lending, investment and trading activities.

Following the announcement, Winro Commercial India shares were locked in 5% upper circuit at ₹244.45 per share on BSE. However, the stock is highly illiquid with very low traded volume. Investors should remain cautious and conduct their own analysis before making a decision.

Besides the QIB quota, other investor categories also saw huge demand. Non-institutional buyers (NII) segment was booked 22.44 times, with bids worth ₹38,992 crore. The retail investors segment was booked 3.55 times. Employee category, which was specifically for LG Electronics India employees, saw a 7.62 times subscription. This segment carried an employee discount of ₹108 per share.