LIVE allotment for LG Electronics’ IPO: Investor attention has now turned to LG Electronics’ allocation status after the IPO saw a huge demand. Today, October 10, is the date of LG Electronics’ first public offering (IPO).
Allotment for LG Electronics’ IPO LIVE: The initial public offering (IPO) of LG Electronics ended on Thursday, October 9, after a tremendous amount of demand from investors of all stripes. Investors are now concentrating on its allocation status, which is expected to be decided today.
By the conclusion of the third day, bids for LG Electronics’ initial public offering (IPO) totaled 3,85,32,39,416 shares, compared to 7,13,34,320 shares available. This indicates a 54.02-fold subscription status.
At a price range of ₹1,080 to ₹1,140 per share, the ₹11,607-crore LG Electronics IPO valued the business at a maximum of ₹77,400 crore.
The parent company of LG Electronics, situated in South Korea, offered 10.18 crore shares for sale in its first public offering (IPO). Since the IPO is purely an OFS, the promoter will get all of the profits from the share sale instead of the firm.
LG Electronics is the second South Korean business to debut on the Indian stock exchange, after Hyundai last year.
GMP for LG Electronics’ IPO
Today’s ₹383 IPO GMP for LG Electronics was the highest ever. A day before the opening, its GMP reached a high of ₹323. At the high end of the IPO price range and the current GMP, LG Electronics’ share price may list at ₹1523, which would represent a 33.60% premium.
The anticipated date of LG Electronics’ stock market debut is October 14.