LG Electronics India IPO Opens At this time: The much-awaited Rs 11,607 crore preliminary public providing (IPO) of LG Electronics India opened for subscription on October 7 and can shut on October 9. The IPO has a value band of Rs 1,080–1,140 per share, valuing the corporate at round Rs 77,400 crore on the higher finish of the vary.
LG Electronics India IPO particulars
The difficulty is totally a suggestion on the market (OFS) of 10.18 crore shares, representing round 15% stake within the firm. Because of this the Indian subsidiary is not going to obtain any proceeds from the IPO; the funds will go to the South Korea-based dad or mum firm.
Retail traders can bid for no less than one lot (13 shares), requiring an funding of Rs 14,820 on the higher value band. For small non-institutional traders (sNIIs), the minimal utility is 14 tons (182 shares) or Rs 2,07,480, whereas bNIIs can apply for 68 tons value Rs 10,07,760.
Add Zee Enterprise as a Most popular Supply
With this itemizing, LG Electronics will turn into the second South Korean agency to faucet Indian capital markets, following Hyundai Motors India’s IPO final 12 months.
Robust anchor e-book participation
Forward of the IPO opening, LG Electronics India raised Rs 3,475 crore from anchor traders.
As per firm, the anchor traders spherical noticed sturdy participation from world members such because the Authorities of Singapore, Goldman Sachs, Constancy Funds, BlackRock International Funds, Abu Dhabi Funding Authority, and Authorities Pension Fund International.
On the home aspect, Institutional traders like SBI Mutual Fund, HDFC Mutual Fund, ICICI Prudential Mutual Fund, Kotak Mutual Fund, and life insurers akin to SBI Life, HDFC Life, and ICICI Prudential Life Insurance coverage have been additionally allotted shares.
LG Electronics India IPO: Registrar and BRLM
Morgan Stanley India is the lead book-running supervisor, whereas Kfin Applied sciences acts because the registrar for the problem.
LG Electronics India IPO: Allotment and itemizing dates
The premise of allotment is anticipated to be finalised on October 10, and the itemizing date is tentatively scheduled for October 14 on each the BSE and NSE.
About LG Electronics India
LG Electronics India is the Indian subsidiary of the South Korean electronics large LG Electronics. The corporate primarily manufacture and promote home equipment and client electronics in India.
LG Electronics India IPO: Key particulars at look
| Particulars | Particulars |
|---|---|
| Subject measurement | Rs 11,607 crore |
| Value band | Rs 1,080-1,140 per share |
| Subject sort | 100% Supply for Sale |
| Lot measurement | 13 shares (minimal) |
| IPO dates | October 7–9 |
| Allotment date | October 10 |
| Itemizing date | October 14 |
| Registrar | Kfin Applied sciences |
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