The part of non -institutional investors was subscribed 2.31 times, while individual retail investors (RIIS) subscribed 81%. The quota for qualified institutional buyers (QIB) experienced 49% subscription.
LG Electronics India raised on Monday 3,475 ₹ ₹ from anchor investors. The IPO of 11,607 crores of 11 years will close on October 9, with a price strip of 1,080 ₹ to 1,140 ₹ per share, evaluating the company at around 77,400 crore at the upper end. This marks the second South Korean company to enter the Indian stock market after the list of Hyundai Motors India Ltd in October of last year.
The IPO is entirely an offer for the sale of 10.18 stocks, representing approximately 15% participation by the parent based in South Korea. Since the public number is entirely a sales offer (OFS), LG Electronics India will not receive any IPOs on the stock market. The funds collected will go to the South Korean parent.
LG Electronics India is a leading player in the main household appliances and consumer electronics. The company’s products are sold to B2C and B2B customers in India and abroad. It also provides installation, repair and maintenance services for all its products. The company manufactures and sells products, including washing machines, refrigerators, LED television panels, inverting air conditioners and microwaves. He has manufacturing units in Noida (UP) and Pune.
In terms of emission allocation, 50% of the IPO is reserved for qualified institutional buyers (QIB), 35% for retail investors and the remaining 15% for non -institutional investors. LG Electronics India is expected to make its stock market debut on October 14.
(With PTI entries)
John Harbaugh agreed Saturday to become coach of the New York Giants, finalizing the longtime big-market franchise's all-out search for…
Virginia Gov. Abigail Spanberger (D) moved quickly to change direction at the state's universities in her first hours in office…
Lamar Odom faces new legal problems. The two-time NBA champion was arrested and convicted of driving under the influence on…
Polling for the Maharashtra municipal corporation elections, including that of the crucial and cash-rich Brihanmumbai Municipal Corporation (BMC), will be…
Trump appears to rule out Hassett as Fed chairman in his comments.Trump said Hassett was good on television today and…
An incredibly costly fumble by Josh Allen changed the game just before halftime today in Denver.After the Broncos scored a…