LG Electronics IPO LIVE: Issue to make stock market debut on Oct 14. Here’s what GMP signals ahead of listing | Stock Market News

LG Electronics IPO allotment LIVE:LG Electronics’ initial public offering (IPO) concluded on Thursday, October 9, witnessing a massive demand from all categories of investors. And now the investor’s focus is on their allotment status, which is also available. Those who have applied for the public issue can check LG Electronics IPO allotment status online by logging in at the BSE or NSE website. They can also log in at the official website of its registrar, Kfin Technologies.

At the end of the third day, LG Electronics IPO garnered bids for 3,85,32,39,416 shares as against 7,13,34,320 shares on offer, translating into a subscription status of 54.02 times.

The ₹11,607-crore LG Electronics IPO was priced at ₹1,080 to ₹1,140 per share, valuing the company around ₹77,400 crore at the upper end.

LG Electronics IPO was entirely an offer-for-sale (OFS) of 10.18 crore shares by the South Korea-based parent. Since the IPO is entirely an OFS, no proceeds from the stake sale will be received by the company, but will go to its promoter.

After Hyundai last year, LG Electronics is the second South Korean company to list on the Indian stock market.

LG Electronics ipo gmp

LG Electronics IPO GMP today stood at ₹395, its highest ever. Earlier, its GMP touched a peak of ₹323, a day prior to the opening. At the prevailing GMP and the upper end of the IPO price band, LG Electronics share price could list at ₹1535, a premium of 33%.

LG Electronics shares are expected to make their stock market debut on October 14.

Track this space for all the LIVE updates on LG Electronics IPO allotment