Overview
- LG Electronics India became the first IPO in India to top Rs 4 lakh crore in bids, receiving about 385 crore bids for 7.13 crore shares and closing at roughly 54.02 times subscription.
- Qualified institutional buyers drove LG’s book with about 166.5 times subscription, while non‑institutional investors were around 22.4 times and retail buyers about 3.5 times.
- The LG offer was an offer-for-sale of about 10.18 crore shares by the South Korean parent, priced at Rs 1,080–1,140 per share with a minimum lot of 13; proceeds go to selling shareholders.
- Share allotment is scheduled for Oct. 10 for LG and was slated for Oct. 9 for Tata Capital, with tentative listings next week (LG on Oct. 14 and Tata Capital a day earlier).
- Tata Capital’s Rs 15,511.87 crore IPO closed oversubscribed about 1.95 times, led by QIBs, and comprised both a fresh issue and an OFS; grey‑market premiums signal strong potential gains for LG and only modest upside for Tata, though these are unofficial indicators.