The Indian IPO market lacks special attraction to new issues for the last few days. The pressure from Trump tariffs and foreign investors created significant uncertainty. However, global tensions are still. However, the change in the spirit of foreign investors is changing the market price. The main example of this was LG Electronics India Limited IPO.
Today was the last day of subscription for IPO of ₹ 11,607 crore on October 09, October 09, and investors invested heavily. The money invested broke the five -year record. Since 2020, investors have made a bid of over ₹ 4.4 lakh crore.
Investors have invested heavily in this IPO. For example, the offer for sale was subscribed to 54.02 times. The reserved part for institutional investors was subscribed 166.5 times. The retail category found 3.5 times the subscription and 22.44 times the HNI category. With this subscription, the IPO also set the highest subscription record for the issue of ₹ 10,000 crore.
Bajaj Housing's record has been broken. The previous record of the highest subscription was with Bajaj Housing Finance, which in September 2024 received a bid of ₹ 3.24 lakh crore for its ₹ 6,560 crore IPO. Earlier, Coal India (2010) IPO got ₹ 2.36 lakh crore, Tata Technologies (November 2023) got ₹ 1.56 lakh crore and Premier Energy (2024) got a bid of ₹ 1.48 lakh crore. LG Electronics India's QIB (Large Institute Investor) part received 166.51 times subscription, non-institutional investors 22.44 times and retail investors (RII) to 3.54 times.
The company set a price band of ₹ 1,080- ₹ 1,140 per share for the IPO, which cost the company approximately ₹ 77,400 crore. The company had earlier raised ₹ 3,475 crore from anchor investors. IPO allocation is expected to be completed by October 10, the company's listing is due on October 14. (Note: The information provided here is provided only for the purpose of information, it is important to mention here that the investment in the market is subject to the risks of the market. So always consult an expert before investing.)
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