It’s been a busy week for the primary market, and all eyes are now fixed on LG Electronics IPO allotment status. The company’s initial public offering, which wrapped up on Thursday, October 9, drew massive investor interest across categories — from retail to institutional.
The next big moment? The IPO allotment finalisation, scheduled for today.
Market Performance: A Record-Breaking Subscription
The LG Electronics IPO turned heads with the kind of numbers it clocked in by the end of its three-day subscription window.
Here’s the snapshot of the action:
- Total shares offered: 7,13,34,320
- Total bids received: 3,85,32,39,416
- Overall subscription: 54.02 times
That kind of oversubscription rarely goes unnoticed in the market. It reflected the strong confidence investors have shown in LG Electronics’ brand and business fundamentals.
Main News: Allotment Finalisation Underway
With bidding wrapped up and excitement still running high, the LG Electronics IPO allotment process is now in focus.
Investors who applied during the subscription window are eagerly waiting to know whether their applications made the cut. The final allotment is expected to be completed today, following which successful bidders will see the shares credited to their demat accounts soon after.
The company’s listing on the stock exchanges is expected to follow shortly after the allotment process concludes.
Company Details: Key Facts at a Glance
LG Electronics, a household name in the consumer electronics and appliances space, entered the Indian capital market with a ₹11,607-crore IPO.
Let’s break down the key details:
- IPO Size: ₹11,607 crore
- Price Band: ₹1,080 – ₹1,140 per share
- Valuation at Upper Band: Around ₹77,400 crore
- Offer Type: 100% Offer-for-Sale (OFS) of 10.18 crore shares
- Promoter: South Korea-based LG Electronics Inc.
Since this issue was entirely an OFS, none of the proceeds from the IPO will go to the company itself. Instead, the funds will go to the promoter, who sold part of its stake in the Indian entity.
A Notable Moment for South Korean Companies
Interestingly, LG Electronics’ listing will mark a notable chapter for South Korean corporates in India.
After Hyundai’s successful market debut last year, LG Electronics becomes the second South Korean company to go public on Indian exchanges.
The move signals the growing appetite among global giants to tap into India’s deep and liquid capital markets, as well as the strong investor demand for global consumer brands with local footprints.
Summary: Strong Demand, High Expectations
To sum it up, the LG Electronics IPO saw overwhelming investor interest, with subscriptions reaching 54 times the offer size.
Key highlights include:
- The IPO raised ₹11,607 crore entirely through an offer-for-sale.
- The price band was fixed between ₹1,080 and ₹1,140 per share.
- The company’s valuation stood at ₹77,400 crore at the upper price band.
- The allotment finalisation is expected today, paving the way for its listing soon after.
With such robust participation across investor categories, the upcoming listing of LG Electronics is set to be one of the most-watched events in the market this month.
